Insurance woes weigh down Knight-Swift earnings
(Source: Knight-Swift)Q4 earnings are in for Knight-Swift, which recorded a $71.7M operating loss from its third-party insurance business.
This might be a future business school case study on risk management. Back in 2021, Knight-Swift launched Iron Truck Services. The press release described it as “an organization that brings together services essential to transportation carriers and includes insurance, equipment maintenance, fuel purchasing,...
https://www.freightwaves.com/news/insurance-woes-weigh-down-knight-swift-earnings