Noticias y eventos de Knight-Swift Transportation Holdings Inc (KNX)KNXKnight-Swift Transportation Holdings Inc

Nasdaq Composite Rises Over 1%, Tesla Falls 3.3%

All the major averages were up, though the outsized bounce in technology stocks helped Nasdaq Composite to post an outsized increase of over 1%.  AI-exposed Industrials and Technology were also the top two performing sectors in the S&P 500, where Semiconductors as well as Enterprise Software marched in step to the upside.   Software iShares ETF (IGV) was up for the second consecutive day, rising 1.8%, while iShares Semiconductorsrallied over 2%.  In turn, rising Treasury yields punished the rate-sensitive sectors - REITs was among the worst performing areas of the market.The afterhours earnings session saw mixed results for high-profile Tech and AI-driven names: Lam Research and IBM were down, though Meta Platforms and Texas Instruments were modestly higher.  Tesla initially rallied on earnings, but the stock retreated during the earnings call as the company cut its capex view for this year to $20B from $25B.  Subsequently, in the opening hours of the evening session, the Nasdaq 100 contract is down by 0.7% while S&P e-Minis are down by 0.5%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Liberty Energyup 8.8%CSXup 3.7%Knight-Swift Transportationup 3.3%Meta Platformsup 2.5%SAP SEup 2.3%Kinder Morganup 2.0%Texas Instrumentsup 1.2%United Rentalsup 0.6%DOWN AFTER EARNINGS -Lam Researchdown 6.8%IBMdown 4.4%Tesladown 3.3%Las Vegas Sandsdown 2.7%

Company Truckload Service Demand Strong, Revenue Up 6.5% YoY

The company states: "Demand for our Truckload service remained strong throughout the quarter as industry capacity remains under pressure and shippers continue to align with quality carriers. Truckload segment revenue, excluding fuel surcharge and intersegment transactions, grew 6.5% year-over-year, the strongest organic growth in over four years, driven by a 9.7% improvement in revenue per loaded mile, excluding fuel surcharge and intersegment transactions, which was partially offset by a 3.0% decrease in loaded miles year-over-year. In our over-the-road service, revenue per loaded mile, excluding fuel and intersegment transactions, increased mid-teens percent year-over-year. Adjusted Operating Ratio improved 700 basis points year-over-year to 89.2% as our ongoing efforts around driver training, pricing, and cost control helped us navigate driver and fuel cost headwinds in the quarter. Adjusted Operating Income improved 202.3% year-over-year, largely as a result of the improvement in pricing and a 170 basis point reduction in empty miles percentage as we improve the efficiency of our network. After the tightening driver market pressured our seated truck count during the second quarter, our targeted investments in recruiting, training, and driver pay helped to stabilize our seated truck count in July, which held through the quarter. We are preparing further measures to improve our driver development and enhance utilization to maximize our opportunities, given that margins are progressing according to plan and our load rejection rates continue to run at levels that are two to three times the public indicators. Total miles per tractor declined 0.9% year-over-year, largely due to the reduction in empty miles as loaded miles per tractor increased year-over-year for the eighth consecutive quarter."

Company Reports Q3 Revenue of $2.20B, Beating Expectations

Reports Q3 revenue $2.20B, consensus $2.17B. Truckload Revenue, excluding fuel surcharge and intersegment transactions, increased 6.5% year-over-year driven by a 9.7% improvement in revenue per loaded mile, excluding fuel surcharge and intersegment transactions. Adjusted Operating Ratio of 89.2% was 700 basis points better year-over-year, primarily driven by pricing improvement, growth in loaded miles per tractor, and a 170 basis point reduction in empty miles percentage. LTL Revenue, excluding fuel surcharge, increased 0.4% year-over-year and Adjusted Operating Ratio of 91.4% increased 80 basis points. Tonnage per day grew 3.3% on a 4.8% increase in weight per shipment, and length of haul grew 6.2% year-over-year. Logistics Revenue decreased 1.0% year-over-year while Adjusted Operating Income of $9.6 million grew 19.6% and Adjusted Operating Ratio improved 120 basis points to 93.1%. Revenue per load increased 46.7% while load count declined 32.6% as we maintain a disciplined approach to profitability and carrier selection. Gross margin of 18.9% increased 110 basis points year-over-year and 350 basis points sequentially from second quarter levels as contract pricing resets in line with tighter capacity conditions. Intermodal Revenue grew 30.6% year-over-year and Adjusted Operating Ratio improved 200 basis points to 97.8%. Revenue per load grew 15.2%, or 5.5% excluding fuel surcharge, and load count improved 13.3% year-over-year to the highest level in over five years.