Demand and Rates Normalizing Off the 2018 Capacity Crunch, but Knight-Swift’s 2Q Execution Solid
In the second quarter, no-moat Knight-Swift’s consolidated revenue before trucking fuel surcharges fell 5.7% year over year--slightly below our expected run rate due to greater-than-expected declines in truckload-segment utilization (miles per tractor) and softer-than-anticipated pricing in the asset-light truck brokerage business. Relative to the same period last year, we suspect the flagship truckload segment, which reflects both the Swift and Knight segments, saw utilization headwinds due in ...Knight-Swift Transportation Holdings is a truckload carrier and a provider of transportation solutions. The company provides multiple truckload transportation, intermodal, and logistics services using a nationwide network of business units and terminals in the United States and Mexico. In addition to its truckload services, the company contracts with third-party capacity providers to provide a range of truckload services to its customers. The company operates company tractors, independent contractor tractors, and trailers within its Knight Trucking, Swift Truckload, Swift Dedicated, and Swift Refrigerated segments. Additionally, the company operates tractors and intermodal containers within its Swift Intermodal segment.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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