Knight-Swift Transportation Holdings Inc Class A
KNX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$33.00 | Nmj | Wvrkwqr |
Knight-Swift Earnings: Trucking and Logistics Backdrop Still Bouncing Along the Bottom
Diversified trucking and logistics specialist Knight-Swift’s first-quarter revenue-before-fuel grew 11% year over year. The increase was driven by the July 2023 U.S. Xpress acquisition and organic LTL-segment growth. Otherwise, the operating backdrop for the for-hire truckload, truck brokerage, and intermodal operations continued to face lackluster retailer restocking and abundant TL-market capacity, which has weighed heavily on spot and contract pricing for more than a year. Severe winter weather also pressured results.