Knight-Swift (KNX) Q1 FY26 earnings call

The first quarter saw Knight-Swift navigate a challenging environment marked by severe weather and specific segment expenses, resulting in a GAAP loss. However, the company highlighted a significant inflection in the truckload market driven by regulatory capacity reduction, leading to strong bid season activity and anticipated high single to low double-digit rate increases. The LTL segment continued its network transition with improving freight mix and mid-single-digit rate renewals, while U.S. Xpress made progress on margin convergence.