Knight-Swift Transn Hldgs Inc Stock Price, News & Analysis

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has announced its earnings for the first quarter ended March 31, 2023. The detailed results are accessible on the company's investor relations website and will be filed with the SEC on Form 8-K. A conference call to discuss the results is scheduled for 4:30 PM EDT today, with a dial-in number provided. Presentation slides will be available for download prior to the call. The company is recognized as one of North America's largest and most diversified freight transportation entities.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is scheduled to release its Q1 2023 earnings on April 20, 2023, after market close. A conference call for analysts and investors will be held the same day at 4:30 p.m. EDT, discussing the earnings release and operational results. The earnings release and accompanying slides will be accessible on the Company’s website. Investors are advised to review the Risk Factors in the company's Annual Report for potential uncertainties surrounding future results. A replay of the conference call will also be available for seven days post-event.

Knight-Swift Transportation Holdings (NYSE: KNX) has announced its plan to acquire U.S. Xpress Enterprises (NYSE: USX) for approximately $808 million. The acquisition, unanimously approved by both companies' boards, aims to boost Knight-Swift's revenue by nearly 30%. U.S. Xpress shareholders will receive a 310% premium over the stock's closing price from March 20, 2023. Knight-Swift expects to enhance operational efficiencies and achieve a high-80s adjusted operating ratio by 2026. The deal is anticipated to close in late Q2 or early Q3 2023, subject to customary conditions and regulatory approvals.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has appointed Jessica Powell to its Board of Directors, effective immediately, with her term subject to annual election. Ms. Powell, currently Associate General Counsel at California Closet Company, brings extensive expertise in legal and regulatory matters to her new role.

Additionally, the Board has declared a quarterly cash dividend of $0.14 per share, marking a $0.02 increase from the previous $0.12. The dividend is payable to stockholders on March 27, 2023, for those on record by March 3, 2023.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced the participation of key executives in several upcoming transportation conferences. The events include:

• Stifel Transportation & Logistics Conference on February 7, 2023, in Amelia Island, FL.
• Citi’s Global Industrial Tech and Mobility Conference on February 21, 2023, in Miami, FL.
• Barclays Industrial Select Conference on February 22, 2023, in Miami Beach, FL.

This highlights Knight-Swift's ongoing commitment to engaging with industry stakeholders and presenting their business strategies.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has announced its earnings for the quarter ended December 31, 2022. The detailed report is accessible on the company's investor relations website and will be filed with the SEC on Form 8-K. A conference call is scheduled for 4:30 PM EST today to discuss the earnings results, with the dial-in number provided for attendees. Accompanying presentation slides will also be available for download prior to the call.

Knight-Swift Transportation Holdings (NYSE: KNX) announced a change in the timing for its fourth quarter 2022 earnings release, now scheduled for January 26, 2023, after market close. The Company will conduct a live conference call on the same day at 4:30 p.m. EST for analysts and investors to discuss the results and operations. Interested participants can join the call by dialing +1 (888) 886-7786 (Conference ID: 75606529). The earnings release and accompanying presentation will be available on the Company’s website and via SEC's website. As noted, the earnings report may contain forward-looking statements with inherent risks.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) will announce its 2022 fourth quarter earnings on January 25, 2023, after market close. A live conference call for analysts and investors will occur the same day at 4:30 p.m. EST. Participants can join the call by dialing +1 (888) 886-7786, using Conference ID: 75606529. The earnings release and accompanying slides will be accessible on the Company’s website. Forward-looking statements in the release may contain risks and uncertainties that could impact future results, as detailed in their Annual Report.

Knight-Swift Transportation Holdings (NYSE: KNX) has declared a quarterly cash dividend of $0.12 per share, payable to stockholders of record on December 5, 2022, with payment expected on December 27, 2022. This decision follows the Company’s cash dividend policy and is subject to future approvals by the Board based on financial performance. Knight-Swift is a leading freight transportation entity in North America, offering comprehensive logistics and trucking services. Shareholder dividends hinge on the ongoing assessment of cash flow and financial health.