Knight-Swift Transportation Holdings Inc. (NYSE: KNX) keeps the better-than-expected earnings theme rolling forward. The Phoenix-based truckload (TL) carrier reported second quarter adjusted earnings per share of $0.57, easily beating analysts’ forecasts of $0.35.
Similar to other carriers, Knight-Swift saw freight demand rebound off of April’s bottom, “gradually” improving throughout the quarter and into July. “We are encouraged by the continued strength in freight demand in July; however,...
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