Morningstar - Knight-Swift Transportation Holdings Inc. Class A (KNX) Unprecedented Rate Gains Drove Trucking Stocks to Fast Lane, but Valuations Becoming Reasonable

Report

Morningstar

Matthew Young

EUR 100.00 For Business Accounts Only

Unprecedented Rate Gains Drove Trucking Stocks to Fast Lane, but Valuations Becoming Reasonable

Following a mini freight recession in 2016, the truckload, or TL, shipping landscape enjoyed a remarkable recovery in the latter half of 2017 and operating conditions proved exceptionally robust over the past year. TL capacity entered an unprecedented tightening phase on the back of strong shipment demand, widespread ELD adoption (the foremost driver of disruption), and constrained driver availability, translating into a massive uptick in carriers' pricing power. Extremely tight supply pushed sp...

18/12/2018 13 EN

Underlying

Knight-Swift Transportation Holdings Inc. Class A

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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US4990491049 New York Stock Exchange United States

Provider

Morningstar

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.

We have operations in 27 countries.

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Analysts

Matthew Young

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Unprecedented Rate Gains Drove Trucking Stocks to Fast Lane, but Valuations Becoming Reasonable

Knight-Swift Transportation Holdings Inc: 1 director

Vermilion Compass: Weekly Equity Strategy

Vermilion Compass: Weekly Equity Strategy

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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