Adam Miller has Just Been Named President of Swift Transportation

Adam Miller has Just Been Named President of Swift Transportation
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Adam Miller Succeeds Kevin Knight as President of Swift Transportation

Adam Miller is the president of Swift Transportation. The nation’s largest truckload (TL) carrier, Knight-Swift Transportation made this announcement on Wednesday, November 18th. The appointment was effective last Friday, November 13th. Miller will succeed Kevin Knight. He was acting president at Swift following the 2017 merger between the two companies.

Kevin Knight’s Goal is Strategic Growth

Knight will remain as Knight-Swift’s executive chairman of the board “with the primary focus of strategic growth.”

Miller will continue to serve as Knight-Swift’s chief financial officer.

Kevin Quast is chief administrative officer of Knight-Swift. Most recently, he was COO at Swift, a role he took following the merger. Prior to the merger, he held a similar operations role at Knight Transportation.

Miller and Quast are Talented and Proven Leaders

Commenting on the changes, Knight-Swift CEO Dave Jackson said, “Adam Miller and Kevin Quast are talented and proven leaders. They have earned the respect of our organization over their 18- and 24-year careers, at Knight and recent involvement with Swift. They have been influential, along with several other key leaders, in the unprecedented merger success at Swift with dramatic profitability improvements for America’s largest full truckload carrier.”

Swift Transportation’s Earnings well Ahead of Expectations

During the third quarter of 2020, the Phoenix-based company reported earnings results well ahead of expectations, increased full-year 2020 guidance and provided initial 2021 earnings guidance, a move normally reserved for the fourth-quarter release. The 2021 guidance outpaced consensus expectations by 14% at the time.

Most notable during the third quarter was the report that Swift’s adjusting operating ratio (OR) was 77.9%. Knight’s 80.1% adjusted OR. Many in the industry questioned if Swift would be able to reach operational parity with Knight following the merger. The two companies have operated within 30 basis points of each over the last 12 months.

Miller succeeds Kevin Knight, who was the acting president at Swift following the 2017 merger between the two companies.

Miller will continue to serve as Knight-Swift’s chief financial officer.

Kevin Quast is chief administrative officer of Knight-Swift. Most recently he was COO at Swift, a role he took following the merger. Prior to the merger, he held a similar operations role at Knight Transportation.

Miller and Quast Have Talent and are Proven Leaders

Commenting on the changes, Knight-Swift CEO Dave Jackson said, “Adam Miller and Kevin Quast have talent and are proven leaders. They have earned the respect of our organization over their 18- and 24-year careers, respectively, at Knight and recent involvement with Swift. They have been influential, along with several other key leaders, in the unprecedented merger success at Swift with dramatic profitability improvements for America’s largest full truckload carrier.”

During the third quarter of 2020, the Phoenix-based company reported earnings results well ahead of expectations, increased full-year 2020 guidance and provided initial 2021 earnings guidance, a move normally reserved for the fourth-quarter release. The 2021 guidance outpaced consensus expectations by 14% at the time.

Most notable during the third quarter was the report that Swift’s adjusting operating ratio (OR) was 77.9%. It was compared to Knight’s 80.1% adjusted OR. Many in the industry questioned if Swift would be able to reach operational parity with Knight following the merger. The two companies have operated within 30 basis points of each over the last 12 months.

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