KnightSwift Down 49.5% YTD: What's Hurting the Stock?

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 ...