Knight-Swift reports Q4 adjusted EPS 36c, consensus 33c

Reports Q4 revenue $1.9B, consensus $1.88B. Adam Miller, CEO of Knight-Swift (KNX), commented, “The fourth quarter showed the benefits of our diversified business model, as improvement in our truckload segment offset cost headwinds from the significant expansion in our LTL segment. Truckload freight conditions in the fourth quarter largely played out as expected, as the hurricane and port strike disruptions at the beginning of the quarter gave way to a modest amount of seasonal strength, spot rate improvement, and the return of some project opportunities. Some pockets of tightness occurred in specific regions, but this was not broad-based. Similarly, not all of our brands experienced the same degree of project activity, with our larger brands receiving the most opportunities as a result of having scale with over-the-road capacity and trailer resources.”