KnightSwift Transportation (KNX) shares have declined 49.5% on a year-to-date basis compared to the industry's 5.9% fall. The S&P 500 composite index rose 17.9% in the same time frame, while the Zacks Transportation sector gained 1.8%. This North America's largest and most diversified freight transportation company currently has a market capitalization of $8.35 billion. KNX presently carries a Zacks Rank #3 (Hold). The company has a disappointing track record of missing estimates in three of the trailing fo ...

A month has gone by since the last earnings report for Knight-Swift Transportation Holdings (KNX) . Shares have added about 2.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Knight-Swift due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Earnings Miss in Q2 Knigh ...

United Airlines Holdings, Inc. (UAL) reported second-quarter 2024 earnings per share (excluding 18 cents from non-recurring items) of $4.14, which surpassed the Zacks Consensus Estimate of $3.97. Earnings decreased 17.7% on a year-over-year basis. Operating revenues of $14.98 billion missed the Zacks Consensus Estimate of $15.13 billion. The top line increased 5.7% year over year due to upbeat air-travel demand. This was driven by a 5.2% rise in passenger revenues (which accounted for 91.2% of the top line) ...

Financial Data and Key Metrics Changes - Revenue increased by 11.8% year-over-year, driven by an increase in revenue per load despite a flat load count, reflecting the inclusion of U.S. Xpress in the current quarter [3][4] - Revenue per load increased by 10.8% year-over-year in the second quarter, representing a 4.6% increase from the previous quarter [4] - Operating income within All Other Segments was $3.9 million, marking the first operating profit for this category in seven quarters [11] Business Line Data and Key Metrics Changes - In the Intermodal business, load count grew sequentially by 10.8% while maintaining stable revenue per load, improving the operating ratio by 380 basis points over the first quarter [7] - The Truckload segment is expected to see slight revenue growth in the third and fourth quarters, with sequential improvements in operating margins [14] - The LTL segment anticipates low double-digit percent growth in revenue year-over-year, with mid-single-digit percent improvement in shipment count [16] Market Data and Key Metrics Changes - The logistics business is expected to face challenges in a down market but has significant runway for growth as market conditions improve [2][22] - The company expects sequential volume growth in the second half based on progress in the bid season, which should help diversify the business mix and reduce costs [9] Company Strategy and Development Direction - The company aims to leverage its power-only capabilities to complement asset businesses and enhance returns on capital assets [5] - There is a focus on both organic and inorganic growth, particularly in the LTL segment, with plans to fill regional gaps through acquisitions [67][70] - The company is positioned to endure a difficult market and is prepared to improve margins and cash flow when market conditions inflect [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about nearing a balanced market, with expectations for improved operating ratios in the upcoming quarters [29][30] - The company is monitoring various data points, including freight behavior outside of seasonal patterns, to gauge market conditions [74] - Management highlighted the importance of customer discussions and inventory levels as indicators of market confidence [55] Other Important Information - The company does not anticipate significant changes in the tax rate in the near term, as lower operating income has impacted the effective tax rate [83] - Equipment gains are projected to be in the range of $5 million to $10 million per quarter [19] Q&A Session Summary Question: Truckload outlook for Q3 and Q4 - Management noted that the market is getting closer to balance, with expectations for improved operating ratios and potential rate increases in the next bid season [27][30] Question: Spot rates and market conditions - Management acknowledged the discrepancy between their confidence in market recovery and low spot rates, attributing their outlook to internal data and customer discussions [42][49] Question: U.S. Xpress performance and market support - Management indicated that U.S. Xpress has made progress primarily through self-help, with expectations for further improvement as market conditions strengthen [104][108] Question: LTL segment growth and capacity filling - Management discussed the strategy for filling new capacity through existing customer relationships and competitive pricing, emphasizing a cautious approach to growth [112][118]

AAA COOPER | US XPRESS | BARR-HUIKN | ABILEME This presentation, including documents incorporated herein by reference, will contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that c ...

9 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------|-------|--------------------|----------------|-----------------------------------|--------------|---------------------|-------|------------| | Condensed Consolidated Statements of Comprehensive | | \nQuarter \n2024 | Income \nEnded | (Unaudited) \nJune 30, \n2023 | 1 | Year-to-Date \n2024 | June | 30, \n2023 | | | | | | (In thousands, | except per | share data) | | | | Revenue: | | | | | | ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Knight-Swift Transportation Holdings (KNX) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers ...

H 1988 i l II 10 - 0011 Fir 11 t Introduction It's time to discuss trucking. Data by YCharts What's Up With Trucking Full Truckload (FTL) Shipments TL Linehaul Index Full-truckload (FTL) is for shipments with enough volume to require a full truck of dedicated space A2Z Market Research Moreover: The Monday report noted "ongoing softness in for-hire demand" as loads normally pegged for the for-hire market are being insourced by private cariers. It also said shippers consolidating less-than-truckload shipments ...

Currently, Knight-Swift carries a Zacks Rank #5 (Strong Sell). Knight-Swift Transportation Holdings Inc. (KNX) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Knight-Swift exited the first quarter of 2024 with cash and cash equivalents of $204.76 million, which is lower than its long-term debt (excluding current maturities) of $1.19 billion. This implies that the company does not have enough cash to meet its debt obligations. Partly due to these h ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________________________________________________________ ...