Knight-Swift Transportation Holdings Inc Class A
KNX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $11.00 | Hpgvp | Mwtlcsvv |
Knight-Swift Earnings: Trucking and Logistics Backdrop Still Bouncing Along the Bottom
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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.