Stocks to Watch: Knight-Swift Transportation and CSX
Provided by
Dow Jones
By Sabela Ojea
Knight-Swift Transportation on Thursday posted a significant drop in revenue in the second quarter as demand for its truckload services continued to decline. Shares of the largest North American truckload carrier. Shares fell 3.3% to $54.00 in after-hours trading.
CSX Corp. recorded a decline in top- and bottom-line results against a backdrop of challenges including long-running staffing shortages and intermodal activity. Shares of the Jacksonville, Fla.-based railroad, which operates in much of the eastern U.S., declined 4.7% to $32.14 in after-hours trading.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
July 20, 2023 19:04 ET (23:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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