Earnings summaries and quarterly performance for Knight-Swift Transportation Holdings.
Executive leadership at Knight-Swift Transportation Holdings.
Adam Miller
Chief Executive Officer
Andrew Hess
Chief Financial Officer
Brad Stewart
Treasurer and Senior Vice President, Investor Relations
Cary Flanagan
Executive Vice President and Chief Accounting Officer
Charlie Prickett
Chief Executive Officer of AAA Cooper Transportation
Dave Williams
Senior Vice President, Equipment and Government Relations
Gary Knight
Vice Chairman
James Fitzsimmons
Chief Operating Officer of Swift
Joseph Sherer
Executive Vice President of Sales and Account Management, Knight
Joshua Smith
Chief Financial Officer of U.S. Xpress
Kevin Knight
Executive Chairman
Mark Deere
Executive Vice President, Swift Dedicated Fleet Services
Michael Liu
Executive Vice President of Operations, Knight
Michelle Lewis
Chief Financial Officer of AAA Cooper Transportation
Rachel Monti
Senior Vice President and Chief Human Resource Officer of Swift
Timothy Harrington
President of U.S. Xpress
Todd Carlson
General Counsel and Secretary
Board of directors at Knight-Swift Transportation Holdings.
Amy Boerger
Director
David Vander Ploeg
Lead Independent Director
Douglas Col
Director
Jessica Powell
Director
Kathryn Munro
Director
Louis Hobson
Director
Michael Garnreiter
Director
Reid Dove
Director
Roberta Roberts Shank
Director
Research analysts who have asked questions during Knight-Swift Transportation Holdings earnings calls.
Ravi Shanker
Morgan Stanley
8 questions for KNX
Scott Group
Wolfe Research
8 questions for KNX
Jonathan Chappell
Evercore ISI
7 questions for KNX
Ken Hoexter
BofA Securities
6 questions for KNX
Brian Ossenbeck
JPMorgan Chase & Co.
5 questions for KNX
Thomas Wadewitz
UBS
5 questions for KNX
Christian Wetherbee
Wells Fargo
4 questions for KNX
Daniel Imbro
Stephens Inc.
4 questions for KNX
Bascome Majors
Susquehanna Financial Group
3 questions for KNX
Ariel Rosa
Citigroup
2 questions for KNX
Chris Wetherbee
Wells Fargo & Company
2 questions for KNX
Dan Moore
B. Riley Securities
2 questions for KNX
Reed Seay
Stephens Inc.
2 questions for KNX
Richa Harnain
Deutsche Bank
2 questions for KNX
Rita Hardin
Deutsche Bank
2 questions for KNX
Ariel Luis Rosa
Citigroup Inc.
1 question for KNX
Brandon Oglenski
Barclays
1 question for KNX
David Hicks
Raymond James
1 question for KNX
Eric Morgan
Barclays
1 question for KNX
Jason Seidl
TD Cowen
1 question for KNX
Jordan Alliger
Goldman Sachs
1 question for KNX
Kenneth Hoexter
Bank of America
1 question for KNX
Kenneth Scott Hoexter
BofA Securities
1 question for KNX
Rachel Harnane
Deutsche Bank
1 question for KNX
Recent press releases and 8-K filings for KNX.
- KNX reported a Q4 2025 GAAP EPS loss of $0.04 and adjusted EPS of $0.31, with consolidated adjusted operating income declining 5.3% year-over-year.
- The truckload segment's adjusted operating income declined 10.7% year-over-year, while the LTL segment achieved 7% year-over-year revenue growth.
- For Q1 2026, the company projects adjusted EPS in the range of $0.28-$0.32, citing improving market trends, capacity reduction, and constructive bid season discussions for potential rate increases.
- Knight-Swift Transportation reported a GAAP EPS loss of $0.04 and adjusted EPS of $0.31 for Q4 2025, with GAAP results including $52.9 million of non-cash impairment charges.
- Consolidated revenue excluding fuel surcharge decreased by 40 basis points, and adjusted operating income declined 5.3% year-over-year, primarily due to lighter truckload and LTL demand environments.
- The company provided Q1 2026 adjusted EPS guidance in the range of $0.28-$0.32, assuming stable conditions, seasonal truckload slowing, and LTL recovery.
- Management noted moderating demand in LTL and lower-than-expected truckload volumes in Q4 2025, but expressed confidence in achieving low to mid-single-digit improvements in contract rates for 2026.
- The Abilene truckload brand was combined into the Swift business to improve efficiency and productivity.
- Knight-Swift Transportation Holdings Inc. reported Q4 2025 adjusted EPS of $0.31, a decrease from $0.36 in Q4 2024, with a consolidated adjusted operating ratio of 94%. GAAP EPS was a loss of $0.04, primarily due to $52.9 million in non-cash impairment charges related to combining the Abilene truckload brand into Swift.
- For the full year 2025, the truckload segment grew adjusted operating income by $28 million despite a $125 million decline in revenue (excluding fuel surcharge) and held cost per mile flat with 2024.
- The company projects Q1 2026 adjusted EPS to be in the range of $0.28-$0.32, assuming stable current conditions, seasonal truckload slowing, and LTL recovery.
- Management noted that the truckload market saw demand that was generally stable but lacked typical seasonal lift until late in Q4 2025, and overall demand was lower than expected.
- The company is confident in returning its truckload segment to mid-cycle margins due to ongoing capacity reduction and improved market data trends, while also focusing on continued cost reduction and technology deployment for efficiency gains in 2026.
- Knight-Swift Transportation Holdings Inc. reported a net loss attributable to Knight-Swift and GAAP loss per diluted share for Q4 2025, a significant decline from Q4 2024, primarily impacted by non-cash impairment charges.
- Adjusted Net Income Attributable to Knight-Swift and Adjusted EPS also decreased in Q4 2025 compared to the prior year.
- Consolidated total revenue for Q4 2025 saw a slight year-over-year decrease.
- The company provided guidance for Q1 2026 Adjusted EPS and projected net cash capital expenditures for full year 2026.
- A quarterly cash dividend was declared and paid in Q4 2025.
| Metric | Q4 2024 | Q4 2025 | Q1 2026 (Guidance) | FY 2026 (Guidance) |
|---|---|---|---|---|
| Total revenue ($USD Millions) | 1,864.3 | 1,856.3 | N/A | N/A |
| Net (loss) income attributable to Knight-Swift ($USD Millions) | 69.5 | (6.8) | N/A | N/A |
| Adjusted Net Income Attributable to Knight-Swift ($USD Millions) | 58.5 | 50.9 | N/A | N/A |
| (Loss) earnings per diluted share ($USD) | 0.43 | (0.04) | N/A | N/A |
| Adjusted EPS ($USD) | 0.36 | 0.31 | 0.28 - 0.32 | N/A |
| Impairment charges ($USD Millions) | 8.1 | 52.9 | N/A | N/A |
| Quarterly cash dividend ($USD per share) | N/A | 0.18 | N/A | N/A |
| Net cash capital expenditures ($USD Millions) | N/A | N/A | N/A | 625 - 675 |
- Knight-Swift reported Q3 2025 consolidated total revenue of $1.9 billion, a 2.7% increase year-over-year, with GAAP earnings per diluted share of $0.05 and Adjusted EPS of $0.32.
- The quarter's results were significantly affected by $58.0 million in charges, including $34.8 million in impairment charges and $11.2 million for a loss contingency related to exiting the third-party carrier insurance business, which negatively impacted Adjusted EPS by $0.10.
- The LTL segment demonstrated strong performance, with revenue excluding fuel surcharge increasing 21.5% and Adjusted Operating Income rising 10.1% year-over-year, while the Truckload segment's Adjusted Operating Income decreased 15.0%.
- The company declared a quarterly cash dividend of $0.18 per share on August 6, 2025, which was paid on September 22, 2025.
- Knight-Swift Transportation Holdings Inc. endorses the proposed merger between Union Pacific Railroad and Norfolk Southern Corporation, announced on September 2, 2025.
- The company believes this merger will create the first truly coast-to-coast railroad, enabling seamless single-line service and greatly benefiting intermodal transportation.
- This unified network is expected to make cross-country intermodal shipping faster, more fuel-efficient, and more reliable, leading to shorter transit times and simplified logistics for Knight-Swift’s intermodal customers.
- Knight-Swift CEO Adam Miller stated that the merger aligns with the company’s mission of delivering cost-effective, environmentally responsible freight solutions and will allow them to offer new coast-to-coast services by leveraging the merged railroad.
- Knight-Swift anticipates that more shippers will embrace intermodal options as service improves, which is expected to bolster U.S. supply chain resilience and competitiveness.
Quarterly earnings call transcripts for Knight-Swift Transportation Holdings.
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