Knight-Swift Transportation confirmed the durability of its more diverse business model Thursday after the market closed. The carrier issued full-year 2023 adjusted earnings guidance of $4.05 to $4.25 per share, safely above the $4 mark it had previously indicated would be the new trough. As the fourth quarter progressed, it appeared that number may be in jeopardy as trucking markets continued to deteriorate before firming in December.
The 2023 expectation was in line with the consensus estimate...