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Kenneth Hoexter

Kenneth Hoexter

Research Analyst at Bank of America Corp. /de/

United States

Kenneth Hoexter is Managing Director and Senior Research Analyst at Bank of America Securities, specializing in airfreight, surface transportation, and shipping equity research since 2002. He covers over 40 companies, including ArcBest, Scorpio Tankers, XPO, and CSX, and has maintained performance metrics such as a 47% to 50% rating success rate and an average return per rating between 1.3% and 4%, with standout calls achieving returns above 200%. Hoexter’s career spans roles at Goldman Sachs and Lehman Brothers prior to joining Bank of America, and he has been honored 19 times as an Institutional Investor All-Star Analyst across multiple sectors. He holds a B.S. in Finance and Marketing from Lehigh University, serves in executive alumni leadership, and is registered with relevant industry credentials.

Kenneth Hoexter's questions to Knight-Swift Transportation Holdings (KNX) leadership

Question · Q3 2025

Kenneth Hoexter sought clarification on the adjusted EPS calculation, specifically why certain charges were not excluded, and asked for a clearer message regarding Q4 seasonal demand, given mixed signals about requests versus actual volume build.

Answer

CEO Adam Miller clarified that the $0.10 impact from third-party insurance and U.S. Xpress settlements was not adjusted out to maintain historical reporting consistency. He explained that Q4 guidance includes already-awarded peak projects, but does not factor in a broad seasonal demand build or potential unexpected projects, similar to what occurred last year.

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