Knight-Swift Transportation believes the worst of the freight cycle has passed. It is seeing some benefit from its decision to trim the truckload fleet as asset utilization is improving. It said it will continue to allocate capital to the expansion of its less-than-truckload business through both organic growth and acquisitions.
“We don’t want to be too quick to call it but I think we’re cautiously optimistic that certainly the trough is behind us and we’re on our way to building back,” CEO Adam...
https://www.freightwaves.com/news/knight-swift-seeing-signs-of-market-stabilization