KNX

In the past six months, Knight-Swift Transportation Holdings, Inc. updated its first-quarter 2026 earnings guidance, expecting adjusted EPS to range from $0.08 to $0.10, a reduction from the previously announced $0.28 to $0.32, due to factors such as claims development in its LTL segment, deferred project business in warehousing, an adverse VAT reimbursement decision in Mexico, and severe winter weather and rising fuel prices. Despite the Q1 2026 earnings miss, the company introduced second-quarter 2026 adjusted EPS guidance of $0.45 to $0.49, indicating an expected sequential increase as freight market fundamentals improve. Knight-Swift also announced the pricing of an upsized $1.3 billion offering of 1.00% Convertible Senior Notes due 2031, with proceeds intended for capped call transactions and debt repayment.