Knight-Swift Transportation Holdings Inc
F:KSX
Knight-Swift Transportation Holdings Inc
Knight-Swift Transportation Holdings Inc. is the result of a transformative merger in 2017 that brought together two of the largest players in the North American trucking industry: Knight Transportation and Swift Transportation. This unification forged the industry's most extensive network, seamlessly connecting shippers with a diverse range of logistics solutions. Operating under four primary business segments—Truckload, Logistics, LTL (Less-Than-Truckload), and Intermodal—Knight-Swift ensures an integrated approach to freight. Its vast fleet of trucks and trailers, alongside its sophisticated logistics strategies, enables the company to transport goods efficiently across long distances, catering to the dynamic needs of various industries including retail, manufacturing, and agriculture.
The company generates its revenue primarily through its Truckload segment, where it offers services such as Full Truckload (FTL) solutions, dedicated truckload service, and temperature-controlled logistics. Additionally, Knight-Swift benefits from its Logistics and Intermodal segments that capitalize on asset-light strategies to optimize freight management, brokering, and delivery. By integrating technology into its operations, Knight-Swift enhances fuel efficiency, routing, and load planning—reducing operational costs, increasing reliability, and subsequently enhancing profitability. This blend of traditional trucking with innovative solutions positions Knight-Swift as a stalwart in the transportation sector, matching operational excellence with expanding service capabilities.
Knight-Swift Transportation Holdings Inc. is the result of a transformative merger in 2017 that brought together two of the largest players in the North American trucking industry: Knight Transportation and Swift Transportation. This unification forged the industry's most extensive network, seamlessly connecting shippers with a diverse range of logistics solutions. Operating under four primary business segments—Truckload, Logistics, LTL (Less-Than-Truckload), and Intermodal—Knight-Swift ensures an integrated approach to freight. Its vast fleet of trucks and trailers, alongside its sophisticated logistics strategies, enables the company to transport goods efficiently across long distances, catering to the dynamic needs of various industries including retail, manufacturing, and agriculture.
The company generates its revenue primarily through its Truckload segment, where it offers services such as Full Truckload (FTL) solutions, dedicated truckload service, and temperature-controlled logistics. Additionally, Knight-Swift benefits from its Logistics and Intermodal segments that capitalize on asset-light strategies to optimize freight management, brokering, and delivery. By integrating technology into its operations, Knight-Swift enhances fuel efficiency, routing, and load planning—reducing operational costs, increasing reliability, and subsequently enhancing profitability. This blend of traditional trucking with innovative solutions positions Knight-Swift as a stalwart in the transportation sector, matching operational excellence with expanding service capabilities.
Q4 Results: Knight-Swift reported a GAAP EPS loss of $0.04, mainly due to a $52.9 million impairment, and adjusted EPS of $0.31, down from $0.36 last year.
Revenue Trend: Revenue excluding fuel surcharge decreased slightly by 0.4% year-over-year amid muted truckload volumes and weaker demand.
Cost Initiatives: The company made significant progress cutting costs, driving margin improvement and offsetting inflation, even as miles declined 3.6%.
LTL Growth: Less-than-truckload (LTL) segment saw 7% revenue growth and 2.1% shipment growth despite weaker market demand.
2026 Guidance: Q1 2026 adjusted EPS is guided to $0.28–$0.32, reflecting ongoing seasonality and stable conditions.
Market & Regulation: Management sees signs of tightening capacity due to regulatory actions and carrier exits, which could improve market conditions in 2026.
Margin Outlook: Management expects cost reductions and improving volumes to drive margin expansion in 2026 but stresses lasting improvement needs higher pricing too.
