Knight Transportation, Inc. (KNX)
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Knight Transportation, Inc. (KNX)
Knight Transportation, Inc. (KNX)
Knight Transportation, Inc. (KNX)
Knight-Swift To Participate In Pilot Of DAT's Book Now Freight Tendering Solution
The automated freight tendering segment continues to heat up with more competitive products hitting the market. The latest is DAT Solutions, which announced a pilot program with Knight-Swift Logistics, the logistics brokerage arm of Knight-Swift Transportation (NYSE: KNX ). Knight-Swift will run a pilot of DAT's Book Now solution through May. Following the pilot, DAT plans to release the solution to all freight brokerages in June. "DAT Book Now is a game-changer for brokers and carriers," Claude Pumilia, DAT CEO and president, said in a statement. "Today, tendering a load can involve multiple phone calls and interactions. DAT Book Now speeds up the process and leverages the trust and confidence the industry has in the DAT network as a place to do business. One click and everyone will know that the load is good to go." Book Now allows carriers on the DAT network of load boards to search for freight and lock in the rate with the click of a button on their mobile or desktop device. "DAT Book Now …
Truckstop Building Alliances In The Freight Matching Wars
Today, Kevin and Andrew have two special guests: Bill Vitti, chief commercial officer of Truckstop, explains the recently announced partnership with Knight-Swift Transportation Holdings (NYSE: Full story available on Benzinga.com
Knight-Swift Integrates Truckstop.com's Book It Now Digital Freight Functionality
The growth of digital freight matching is exploding, and logistics providers are jumping on board. The latest is Knight-Swift Transportation (NYSE: KNX ). The logistics giant has reached a deal with Truckstop.com to implement that company's Book It Now platform into Knight-Swift's logistics operation. In addition, owner-operators and third-party trucking partners of Knight-Swift will get access to loads available on Truckstop.com's load board as part of the agreement. "Integrations like this will help us to quickly deliver more load options to our independent truckers at the click of a button," Shannon Breen, senior vice president of Knight-Swift Logistics and Intermodal , said in a statement. "As we continue to scale our robust capacity offering to customers and carriers nationally, these types of partnerships and collaborations are essential." Book It Now allows freight brokerages to post, assign and tender loads directly to carriers. Carriers are able to see the rate, pickup and drop-off details as well as broker information all before booking the load.
Knight-Swift Transportation Holdings (KNX) Beats Q4 Earnings Estimates
Knight-Swift (KNX) delivered earnings and revenue surprises of 7.84% and -2.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Knight-Swift Transportation Holdings Inc. Announces Results for Fourth Quarter 2019
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE:KNX), North America’s largest truckload transportation company, has issued its earnings release for the fourth quarter ended December 31, 2019. The release is currently available on Knight-Swift's investor relations website: http://investor.knight-swift.com/events and will be filed with the SEC on a Form 8-K.
Knight-Swift Transportation Holdings Inc. Announces Timing of Fourth Quarter 2019 Earnings Release
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) expects to release its 2019 fourth quarter earnings on Wednesday, January 29, 2020 prior to the market open by filing a Form 8-K with the SEC. The earnings release will be available on the Company’s website http://investor.knight-swift.com/events and the Form 8-K will be available on the SEC website http://www.sec.gov. The Company assumes no responsibility to update any information posted on its website. The earning
Knight-Swift Takes Second Swing At FMCSA Driver-Record Exemption
Knight-Swift Transportation (NYSE: KNX ) is appealing to federal regulators that it be exempt from having to provide certain record-keeping requirements for its drivers citing onerous and unnecessary costs. A letter from Knight-Swift attorneys recently made public by the Federal Motor Carrier Safety Administration (FMCSA) explains that Knight Transportation's first attempt at the exemption, in a request filed in October 2016 before its 2017 merger with Swift Transportation, went without a response after the agency confirmed it had been received. "Consequently, their application languished for over three years without an answer from FMCSA," wrote Sean Scapellato, a partner with the law firm Cobb Dill Hammett. "Now, Knight-Swift are harmed for reasons beyond their control and not of their making. Without exemption relief from agency record-keeping requirements…the costs are staggering and continue to escalate" due to computer system limitations at the Arizona Department of Motor Vehicles (DMV), he said.
Knight Swift (KNX) Slashes Q4 EPS Projection, Stock Down
Excess truckload capacity is a major headwind for Knight-Swift Transportation Holdings (KNX).
Is Knight-Swift Transportation (KNX) a Good Stock to Pick?
Is Knight-Swift Transportation (KNX) a great pick from the value investor's perspective right now? Read on to know more.
Truckload Stocks Upgraded As Fundamentals "Bottom"
Continuing on the recent theme that the best time to buy the truckload (TL) stocks is when fundamentals appear washed out , Goldman Sachs analyst Jordan Alliger initiated coverage of a couple of TL carriers with a "buy" rating in a Dec. 5, 2019, note to investors. Alliger said that while the TL industry faces some challenges, improving fundamentals appear to be on the horizon and that the recovery in the TL stocks tends to begin midway through a cycle downturn. This was the rationale for the analyst to initiate coverage of Knight-Swift Transportation Holdings Inc . (NYSE: KNX ), Werner Enterprises Inc . (NASDAQ: WERN ) and Schneider National Inc . (NYSE: SNDR ) with a favorable rating. "The truckload sector, while faced with excess capacity, weak pricing, and generally soft volumes, should start to see a fundamental inflection as we move deeper into 2020," Alliger said. Alliger pointed to a "bottoming of the industrial weakness" as the Institute for Supply Management's (ISM) Purchasing Managers Index (PMI), a survey of manufacturing supply executives, has bumped off of recent lows.
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