Knight-Swift Transportation

Rating Overview

Knight-Swift Transportation is Lower Risk.

Knight-Swift Transportation is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Knight-Swift integrates ESG into its business practices. From its 2025 Sustainability Report: “We incorporate environmental considerations into our sourcing decisions across materials, equipment, and services. This includes
evaluating supplier practices, product lifecycle impacts, and opportunities to
reduce waste and resource consumption” (1). From its 2026 Proxy Statement: “In addition, payout under the 2025 Cash Bonus Plan could be adjusted between -10% and +10% based on the Company’s scores provided by several ESG rating indices” (2). The company promotes divisive sex and gender policies. Its Human Rights Policy requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (3). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (4).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Knight-Swift Transportation does not appear to discriminate against charitable organizations based on views or beliefs. (1)(2). Knight Transportation’s charitable giving focus areas are children’s health, ending hunger, veteran support, and human trafficking. (3) Swift Charities’ charitable giving focus areas are “exclusively for Employee Assistance Grants  to our Swift families in hardship situations, to provide Scholarships for our children and to provide Community Grants requested by our employees” (4).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Knight-Swift appears to prioritize diversity over merit in its leadership composition. From its Nominating and Corporate Governance Committee Charter: “The [Nominating and Corporate Governance] Committee may consider such factors as it deems appropriate, including, without limitation, business background,
experience, director independence requirements, and Board diversity, in accordance with
the criteria set forth in the Corporate Governance Guidelines” (1). Knight-Swift Transportation does not provide viewpoint protections for its employees (2)(3).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

In 2020, Knight-Swift signed the UNITY pledge, a commitment to maintaining a diverse workforce (1). The company supports DEI within its business practices. From its 2024 Annual Report: “Diversity, equity, and inclusion are pillars supporting our innovative culture. We are committed to fostering a diverse workforce and an inclusive
environment” (2). However, in 2025, the company removed DEI language from its Annual Report. To date, the company has not publicly addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (3). Knight-Swift supports ESG within its business practices. From its 2023 Proxy Statement: “Knight-Swift has a history of embracing innovative change and developing technologies, including our support of ESG initiatives and best practices” (4).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Knight-Swift has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Knight-Swift does not operate a PAC or engage in lobbying at this time (1)(2)(3).