Despite Moderating Top-Line Trends, Knight-Swift Posts Solid Profitability Gains
In the first quarter, Knight-Swift’s consolidated revenue before fuel surcharges fell roughly 4% year over year--slightly below our expected run rate due to greater-than-expected declines in truckload-segment utilization and the impact of adverse weather conditions and Class-I rail network congestion (related to Class-I precision railroading efforts) on the intermodal business. Relative to the same period last year, the flagship truckload segment, which reflects both the Swift and Knight segment...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.
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