UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________________________________________________________________________ Knight-Swift Transportation Holdings Inc. (Exact name of registrant as specified in its charter) ___________________________________________________________________________________________________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification ...

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q2 2023 Earnings Conference Call July 20, 2023 4:30 PM ET Company Participants Adam Miller - Chief Financial Officer and Treasurer David Jackson - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Ben Mohr - Deutsche Bank Michael DiMattia - UBS Ken Hoexter - Bank of America Jason Seidl - TD Cowen Christian Wetherbee - Citi Operator Good afternoon. My name is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________________________________________________________ FORM 10-Q _________________________________________________________________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended M ...

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q1 2023 Earnings Conference Call April 20, 2023 4:30 PM ET Company Participants David Jackson - President and CEO Adam Miller - CFO Conference Call Participants Tom Wadewitz - UBS Jack Atkins - Stephens Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Jordan Alliger - Goldman Sachs Bascome Majors - Susquehanna Operator Good afternoon. My name is JP, and I'll be your conference operator today. At this time I would like to welcome everyone to the ...

KNX Q1 2023 Comparative Results 1 See GAAP to non-GAAP reconciliation in the schedules following this presentation 2 Excludes intersegment transactions 3 Includes 8,988 trailers related to leasing activities recorded within our non-reportable operating segments for the first quarter of 2023 | --- | --- | --- | --- | |-------|----------|----------|--------| | | Q1 2023 | Q1 2022 \n(Dollars in thousands) | Change | | Revenue xFSC | $213,929 | $214,675 | (0.3 %) | | Operating income | $26,582 | $26,377 | 0.8 % ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________________________________________________________________________________________ FORM 10-K __________________________________________________________________________________________________________________________________________________________ (mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year en ...

U.S. Xpress Enterprises, Inc. (USX) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Matt Garvie - Vice President, Investor Relations Eric Fuller - President and CEO Eric Peterson - Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Christyne McGarvey - Morgan Stanley Brian Ossenbeck - JPMorgan Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to ...

Earnings Call Supplement Disclaimer and Forward-Looking Statements This presentation (the "Presentation") contains 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 provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward‐looking statements, which involve risks and uncertainties, are generally i ...

Financial Data and Key Metrics Changes - The company generated revenue of $477.4 million in Q3 2022, an increase of 5.7% year-over-year, driven by increased truckload revenues of $40.9 million, partially offset by a decrease in brokerage segment revenue of $15.3 million [24] - The total adjusted operating loss was $21.5 million, a decrease of $28.1 million from Q3 2021 and a decrease of $24 million sequentially from Q2 2022 [25] - Insurance and claims expense reached $43.9 million, significantly higher than the eight-quarter average of $23.1 million, primarily due to unexpected claims from prior years [26] Business Line Data and Key Metrics Changes - Truckload revenue net of fuel was $402 million, an increase of 11% year-over-year, attributed to higher truckload rates and an increase of 715 tractors compared to Q3 2021 [14] - The Brokerage segment generated revenue of $75 million, a decrease of 17% compared to Q3 2021, due to lower load counts as freight allocation prioritized the asset-based fleet [19] - The Dedicated division continued strong execution with high service levels, and there are opportunities for modest tractor count increases to enhance overall truckload earnings [18] Market Data and Key Metrics Changes - The overall market is experiencing a weak peak season compared to the previous two years, with excess capacity and declining spot rates [45] - Spot market rates have declined significantly, with a total decrease of approximately $0.70 per mile over the last three quarters [28] - The company expects smaller carriers to exit the market due to less profitable spot market opportunities, which may lead to a decline in used equipment prices [46] Company Strategy and Development Direction - The company announced a realignment plan aimed at improving operating profitability and cash flow, with an estimated $25 million in annualized cost reductions [8] - The focus is on getting back to the basics of trucking, enhancing service levels, and maintaining a disciplined capital allocation approach [10][48] - The company is prioritizing growth in the Dedicated segment while keeping overall truck count flat to improve profitability [70] Management's Comments on Operating Environment and Future Outlook - Management noted that the current market conditions are challenging, with expectations of a slow recovery in the market over the next couple of quarters [60] - The company is focused on improving utilization in the OTR fleet, which is crucial for enhancing operating results [48] - Management expressed confidence in the company's ability to navigate through the current environment by focusing on cost reductions and operational efficiency [96] Other Important Information - The company expects net capital expenditures to be below $100 million in 2023, reflecting a more conservative approach to capital allocation [33][42] - Liquidity at the end of Q3 2022 was $131.1 million, providing ample resources to fund operations and initiatives [39] Q&A Session Summary Question: Clarification on dedicated rates and spot rates - Management confirmed that dedicated rates are expected to be up 15% year-over-year while spot rates are down 10%, indicating a significant difference due to contract negotiations [52] Question: Actions to reduce debt and manage costs - Management highlighted opportunities to lower capital expenditures and divest non-core real estate assets to reduce overall debt [56][58] Question: Impact of insurance claims on future premiums - Management indicated that the recent spike in claims is not expected to significantly impact future insurance premiums due to the company's deductible structure [67] Question: Utilization challenges in a softer market - Management acknowledged that increasing utilization in a weaker market is difficult but expects slow incremental improvements as the market stabilizes [69] Question: Expectations for truckload rates next year - Management anticipates some downward pressure on contract rates in the early part of next year but believes that cost inflation will prevent significant rate declines [82] Question: Covenants and liquidity concerns - Management reassured that current liquidity levels are strong and that there are no immediate concerns regarding covenants [86]

U.S. XPRESS Earnings Call Supplement Third Quarter 2022 Disclaimer and Forward-Looking Statements Forward-Looking Statements This presentation (the "Presentation") contains 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 provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward‐looking statemen ...