KNX - Why Freight Transportation Company Knight-Swift's Shares Are Surging Today | Benzinga
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) shares are trading higher by over 12% after it reported better-than-expected Q3 2023 earnings results.
Revenues stood at $2.02 billion, up 6.5% Y/Y, beating the consensus of $1.89 billion.
Revenue in the Truckload segment increased 21.9% Y/Y to $1.18 billion, LTL segment rose 6.9% Y/Y to $239.98 million, Logistics fell 24.5% Y/Y to $158.6 million, and Intermodal declined 22.6% Y/Y to $101.22 million.
Adjusted operating income was down 60.8% ...