Knight Swift Holdings

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments.

• Recent Highlights- Truckload — 95.6% Adjusted Operating Ratio, an improvement of 170 basis points year-over-year, as the legacy truckload business improved 200 basis points and US Xpress achieved a quarterly operating profit for the first time since the July 2023 acquisition. Revenue, excluding fuel surcharge and intersegment transactions, decreased 4.2%, but Adjusted Operating Income2 increased 59.7% year-over-year. Revenue per loaded mile, excluding fuel surcharge and intersegment transactions, increased year-over-year for the first time in 10 quarters, improving 1.5%. 

• LTL — Revenue, excluding fuel surcharge, increased 26.7% year-over-year as shipments per day increased 24.2%, and revenue per hundredweight excluding fuel surcharge increased 9.3%. 

• Truckload revenues (excluding fuel surcharges and inter-segment transactions) were $1.04 billion, a 4.2% decrease from the previous year. This was owing to a 5.4% decline in loaded miles, mostly from our specialized services. Our estimate is at $1.07 billion. 

• Adjusted segmental operating income increased 59.7% year on year to $46.48 million. The adjusted operating ratio (operating expenses as a percentage of sales) decreased 170 basis points (bps) to 95.6%.

• Logistics revenues (excluding inter-segment transactions) were $141.62 million, up 11.8% year on year, and exceeded our target of $137.3 million. Adjusted operating income rose 73.4% year on year to $6.30 million. The adjusted operating ratio declined 160 basis points to 95.5%.

• Adjusted segmental operating income fell 26.8% year on year to $17.72 million. Adjusted operating ratio increased 420 basis points to 94.2% year on year.

Acrobull UK Recommendation Based on Evaluation