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KNX's fourth-quarter 2024 performance is expected to have been weighed down by high costs related to driver wages, equipment, maintenance, fuel, and other expenses.
I am downgrading Knight-Swift Transportation Holdings stock to a ‘hold' due to declining revenue, profits, and cash flows, despite previous optimism. Revenue fell from $7.43 billion to $7.14 billion, with significant declines in the Logistics and Intermodal segments, impacting overall profitability. Despite some growth in the Truckload and LTL segments, the company's financial health remains weak, with net income and adjusted profits plummeting.
Besides Wall Street's top -and-bottom-line estimates for Knight-Swift (KNX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Knight-Swift (KNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
KNX is grappling with escalated operating expenses related to driver wages, equipment, maintenance, fuel and other expenses.
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift", the "Company", or "we") expects to release its 2024 fourth quarter earnings after market close on Wednesday, January 22, 2025. The Company will host a conference call from 4:30-5:30 p.m. EST on the same date to discuss the financial results of the quarter and other matters following its earnings press release. An online, real-time webcast of the quarterly conference call will be available at investo.
Leasing and Service Agreement Expected to Provide Long-Term Recurring Revenue Stream to CleanCore Initial Implementation of CleanCore Products Expected to Drive Sustainability Across Key Knight-Swift Facilities Omaha, NE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CleanCore Solutions, Inc. (NYSE American: ZONE) (“CleanCore” or the “Company”), developer of patented technology that works as a safe and low-cost replacement for traditional cleaning chemicals, today announced that it has commenced the initial roll-out of its products at Knight-Swift Transportation Holdings Inc. (NYSE: KNX) facilities. Knight-Swift will implement various CleanCore products, including Fill Stations, Power Caddies, Commercial Laundry units, and Ice Machines, ensuring efficient and eco-friendly cleaning solutions across its headquarters and additional operational facilities.
Knight-Swift (KNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that Adam Miller, Chief Executive Officer, Andrew Hess, Chief Financial Officer, and Brad Stewart, Treasurer and Senior Vice President of Investor Relations, are scheduled to participate in the following upcoming transportation conferences: Baird Global Industrial Conference – Wednesday, November 13, 2024 Ritz Carlton, Chicago, IL Adam Miller, Chief Executive Officer Brad Stewart, Treasurer and Senio.
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