Knight-Swift Transportation Holdings Inc.

Good afternoon. My name is Christian and I'll be your conference operator today. At this time, I would like to welcome everyone to the Nightswift Transportation First Quarter 2022 earnings call. All lines have been placed on mute to prevent any background noise. Speakers for today's call will be Dave Jackson, President and CEO, and Adam Miller, CFO. Mr. Miller, the meeting is now yours.

Thank you, Christian. Appreciate it. Good afternoon, everyone. Thank you for joining our call. I don't know, what can I say? We enjoyed, I guess, the last near four-year break from live conference calls, but I guess we're back now. We've decided to reinstitute the quarterly conference call and plan to hold the call on an ongoing basis, so you'd expect to see this every quarter now. We plan to touch on quite a few topics today and have slides to accompany this call. The slides are posted on our investor website, which is investor.knight-swift

Yeah, Dave Jackson here. Glad to have you back. You know, Adam and I, we're excited. We're excited to spend the next hour with you. It's amazing to think that it has been four years since the last call. Boy, how things have changed. In addition to a global pandemic that none of us saw coming, our business has transformed rather significantly over that period of time. I mean, we have Swift Transportation, who who since call it second quarter of 2018, which was the last earnings call, arguably Swift is now the most profitable truckload carrier in the industry. We're in the LTL business with more than $900 million of revenue, free cash flow. On the last earnings call we did was $52 million. This quarter it's $352 million. Or maybe another little fun fact is we were $99.6 million of adjusted net income on the last call. This one, it's $225 million for this quarter. So all of this has been done while de-risking and diversifying our model, which we plan to talk about. We've got quite a bit penned up, so hopefully you'll bear with us as we walk through these slides and talk about our business.