Knight-Swift Transportation Holdings Inc Class A

KNX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$55.00	Ngw	Rjvlpmzj

Knight-Swift Earnings: Operating Conditions Remain Soft, but Signs of Demand Improvement Emerging

Matthew Young

Jul 25, 2024

Diversified trucking and logistics specialist Knight-Swift’s second-quarter revenue before fuel grew 18% year over year, mostly in line with our expectations. The increase was driven by the 2023 US Xpress acquisition and solid organic LTL-segment growth. Otherwise, the backdrop for the for-hire truckload, truck brokerage, and intermodal operations remains sluggish due to muted retailer restocking and abundant TL-market capacity, pushing pricing down to unusually low levels.

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