Knight-Swift Revises First-Quarter Earnings Projection Downward
Knight-Swift Transportation Holdings has lowered its first-quarter earnings projection by 20 cents or more per share, citing factors such as a large unfavorable arbitration award, weather disruptions, and rising diesel prices. Despite the downward revision, the company remains optimistic about future earnings potential due to a tightening truckload market and growing one-way market presence.
Tickers: $KNX
Topics: arbitration award earnings guidance fuel prices LTL segment trucking industry weather impact