Knight-Swift Transportation (KNX)
Market Price (11/9/2026): $58.42 | Market Cap: $9.5 BilSector: Industrials | Industry: Cargo Ground Transportation
Knight-Swift Transportation (KNX)
Market Price (11/9/2026): $58.42Market Cap: $9.5 BilSector: IndustrialsIndustry: Cargo Ground Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27% Attractive yieldFCF Yield is 7.9% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Future of Freight, and E-commerce & DTC Adoption. Themes include Autonomous Trucks, Freight Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -49% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 62x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% Key risksKNX key risks include [1] integration challenges and higher operating costs in its LTL unit from recent acquisitions and [2] significant one-time charges related to exiting its third-party insurance business and settling large auto liability claims. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27% |
| Attractive yieldFCF Yield is 7.9% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Future of Freight, and E-commerce & DTC Adoption. Themes include Autonomous Trucks, Freight Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -49% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 62x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksKNX key risks include [1] integration challenges and higher operating costs in its LTL unit from recent acquisitions and [2] significant one-time charges related to exiting its third-party insurance business and settling large auto liability claims. |
Qualitative Assessment
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Knight-Swift Transportation (KNX) stock has lost about 15% since 7/31/2026 because of the following key factors:
1. Lower-than-expected fiscal Q4 2026 earnings guidance offset strong fiscal Q3 2026 results.
Despite Knight-Swift Transportation reporting adjusted earnings per share of $0.83 for fiscal Q3 2026 (which ended September 30, 2026), beating the consensus estimate of $0.76, the company's subsequent guidance for fiscal Q4 2026 adjusted EPS, at a midpoint of $0.81, fell slightly below the analyst consensus of $0.82.
2. Significant insider selling by executives signaled potential caution.
Over the past 90 days (since August 2026), three insiders collectively sold $16.2 million worth of Knight-Swift Transportation stock on the open market. Notably, Reid Dove, CEO of AAA Cooper Transportation and a director, executed sales totaling approximately $12.3 million on August 12 and 13, 2026, by selling 169,154 shares at weighted average prices around $71.49 and $73.13 per share.
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Knight-Swift Transportation (KNX) stock has lost about 15% since 7/31/2026 because of the following key factors:
1. Lower-than-expected fiscal Q4 2026 earnings guidance offset strong fiscal Q3 2026 results.
Despite Knight-Swift Transportation reporting adjusted earnings per share of $0.83 for fiscal Q3 2026 (which ended September 30, 2026), beating the consensus estimate of $0.76, the company's subsequent guidance for fiscal Q4 2026 adjusted EPS, at a midpoint of $0.81, fell slightly below the analyst consensus of $0.82.
2. Significant insider selling by executives signaled potential caution.
Over the past 90 days (since August 2026), three insiders collectively sold $16.2 million worth of Knight-Swift Transportation stock on the open market. Notably, Reid Dove, CEO of AAA Cooper Transportation and a director, executed sales totaling approximately $12.3 million on August 12 and 13, 2026, by selling 169,154 shares at weighted average prices around $71.49 and $73.13 per share.
3. Mixed signals and persistent rate pressures characterized the broader freight market.
While some reports indicated tightening capacity and rising spot rates in the freight market entering fiscal Q4 2026 due to regulatory actions, a carrier survey published in October 2026 for fiscal Q3 2026 revealed that 40% of carriers reported lower rates year-over-year, and only 44% expected demand to rise in the next three to six months, a decrease from two in three in fiscal Q2 2026. Additionally, the dry van spot-contract rate spread was projected to reach a low of $0.27 per mile late in fiscal Q4 2026, suggesting ongoing challenges in securing favorable contract pricing.
4. An analyst downgrade at the beginning of the period contributed to negative sentiment.
On July 31, 2026, Zacks Research downgraded Knight-Swift Transportation's stock from a "strong-buy" rating to a "hold" rating, impacting investor perception at the onset of the analyzed period.
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Stock Movement Drivers
Fundamental Drivers
The -15.8% change in KNX stock from 7/31/2026 to 11/8/2026 was primarily driven by a -76.4% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.33 | 58.41 | -15.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,729 | 8,003 | 3.5% |
| Net Income Margin (%) | 0.6% | 1.9% | 244.9% |
| P/E Multiple | 262.5 | 62.0 | -76.4% |
| Shares Outstanding (Mil) | 163 | 163 | -0.1% |
| Cumulative Contribution | -15.8% |
Market Drivers
7/31/2026 to 11/8/2026| Return | Correlation | |
|---|---|---|
| KNX | -15.8% | |
| Market (SPY) | -1.6% | 33.2% |
| Sector (XLI) | -9.5% | 47.4% |
Fundamental Drivers
The -9.5% change in KNX stock from 4/30/2026 to 11/8/2026 was primarily driven by a -79.9% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.55 | 58.41 | -9.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,496 | 8,003 | 6.8% |
| Net Income Margin (%) | 0.5% | 1.9% | 322.5% |
| P/E Multiple | 308.5 | 62.0 | -79.9% |
| Shares Outstanding (Mil) | 162 | 163 | -0.2% |
| Cumulative Contribution | -9.5% |
Market Drivers
4/30/2026 to 11/8/2026| Return | Correlation | |
|---|---|---|
| KNX | -9.5% | |
| Market (SPY) | 2.6% | 31.2% |
| Sector (XLI) | -6.6% | 31.6% |
Fundamental Drivers
The 31.1% change in KNX stock from 10/31/2025 to 11/8/2026 was primarily driven by a 21.9% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.57 | 58.41 | 31.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,478 | 8,003 | 7.0% |
| Net Income Margin (%) | 1.9% | 1.9% | 0.7% |
| P/E Multiple | 50.9 | 62.0 | 21.9% |
| Shares Outstanding (Mil) | 162 | 163 | -0.3% |
| Cumulative Contribution | 31.1% |
Market Drivers
10/31/2025 to 11/8/2026| Return | Correlation | |
|---|---|---|
| KNX | 31.1% | |
| Market (SPY) | 8.7% | 35.0% |
| Sector (XLI) | 5.8% | 42.7% |
Fundamental Drivers
The 24.2% change in KNX stock from 10/31/2023 to 11/8/2026 was primarily driven by a 318.2% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.03 | 58.41 | 24.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,830 | 8,003 | 17.2% |
| Net Income Margin (%) | 7.5% | 1.9% | -74.4% |
| P/E Multiple | 14.8 | 62.0 | 318.2% |
| Shares Outstanding (Mil) | 161 | 163 | -1.0% |
| Cumulative Contribution | 24.2% |
Market Drivers
10/31/2023 to 11/8/2026| Return | Correlation | |
|---|---|---|
| KNX | 24.2% | |
| Market (SPY) | 81.9% | 44.5% |
| Sector (XLI) | 72.0% | 51.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KNX Return | 47% | -13% | 11% | -7% | 0% | 13% | 49% |
| Peers Return | 53% | -23% | 68% | 9% | -6% | 11% | 127% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| KNX Win Rate | 67% | 25% | 42% | 42% | 58% | 45% | |
| Peers Win Rate | 68% | 38% | 62% | 52% | 53% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| KNX Max Drawdown | -11% | -28% | -27% | -23% | -35% | -29% | |
| Peers Max Drawdown | -17% | -37% | -25% | -27% | -39% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JBHT, ODFL, SNDR, XPO, SAIA. See KNX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | KNX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.6% | -18.8% |
| % Gain to Breakeven | 38.0% | 23.1% |
| Time to Breakeven | 239 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.4% | -9.5% |
| % Gain to Breakeven | 25.6% | 10.5% |
| Time to Breakeven | 56 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.0% | -6.7% |
| % Gain to Breakeven | 12.4% | 7.1% |
| Time to Breakeven | 136 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.5% | -24.5% |
| % Gain to Breakeven | 38.0% | 32.4% |
| Time to Breakeven | 259 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.7% | 50.9% |
| Time to Breakeven | 71 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.3% | -19.2% |
| % Gain to Breakeven | 39.5% | 23.8% |
| Time to Breakeven | 54 days | 105 days |
In The Past
Knight-Swift Transportation's stock fell -27.6% during the 2025 US Tariff Shock. Such a loss loss requires a 38.0% gain to breakeven.
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Asset Allocation
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| Event | KNX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.6% | -18.8% |
| % Gain to Breakeven | 38.0% | 23.1% |
| Time to Breakeven | 239 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.4% | -9.5% |
| % Gain to Breakeven | 25.6% | 10.5% |
| Time to Breakeven | 56 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.5% | -24.5% |
| % Gain to Breakeven | 38.0% | 32.4% |
| Time to Breakeven | 259 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.7% | 50.9% |
| Time to Breakeven | 71 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.3% | -19.2% |
| % Gain to Breakeven | 39.5% | 23.8% |
| Time to Breakeven | 54 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -46.2% | -12.2% |
| % Gain to Breakeven | 85.7% | 13.9% |
| Time to Breakeven | 293 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -41.7% | -6.8% |
| % Gain to Breakeven | 71.5% | 7.3% |
| Time to Breakeven | 240 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -52.5% | -17.9% |
| % Gain to Breakeven | 110.6% | 21.8% |
| Time to Breakeven | 126 days | 123 days |
In The Past
Knight-Swift Transportation's stock fell -27.6% during the 2025 US Tariff Shock. Such a loss loss requires a 38.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Knight-Swift Transportation (KNX)
Knight-Swift Transportation Holdings Inc. (KNX) is a leading provider of comprehensive truckload transportation services throughout the United States, Mexico, and Canada. The company offers a broad range of solutions across its four main segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal, facilitating the movement of diverse goods and materials for businesses.
KNX's core services include a variety of trucking options, such as irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation. Complementing its direct hauling capabilities, the company also provides extensive logistics and intermodal services, including freight brokerage, intermodal solutions, and freight management. Furthermore, it offers regional direct LTL services to meet a wide array of customer transportation needs.
Operating a substantial fleet of over 18,000 tractors and more than 67,000 trailers, Knight-Swift serves a diverse clientele across numerous industries. Its primary customers are found in sectors such as retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing. The company also provides essential support services like repair and maintenance, warranty, insurance, and equipment leasing.
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Here are 1-2 brief analogies for Knight-Swift Transportation (KNX):
Think of Knight-Swift as the **UPS or FedEx for large-scale business freight**. While UPS and FedEx handle many smaller packages, KNX focuses on moving vast quantities of goods and materials via trucks and intermodal across North America.
Imagine **Amazon's massive internal logistics network**, but operating as an independent company that provides all those truckload, less-than-truckload (LTL), and intermodal transportation services to a wide array of businesses across various industries.
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- Truckload Transportation Services: Provides a wide range of full truckload freight hauling, including irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation.
- Less-than-truckload (LTL) Services: Offers regional direct services for customers' national transportation needs by utilizing carriers for coverage areas outside their core networks.
- Logistics and Intermodal Solutions: Delivers freight brokerage, intermodal transportation, and comprehensive freight management services.
- Fleet Support and Training Services: Encompasses repair and maintenance, warranty, insurance, equipment leasing, trailer parts manufacturing, and driving academy activities.
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Knight-Swift Transportation (KNX) primarily sells its services to other companies (B2B). While specific customer company names are not provided in the background description, the company's major customers are businesses operating in the following industries:
- Retail
- Food and Beverage
- Consumer Products
- Paper Products
- Transportation and Logistics
- Housing and Building
- Automotive
- Manufacturing
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Adam Miller, Chief Executive Officer
Adam Miller was appointed Chief Executive Officer of Knight-Swift Transportation Holdings Inc. in February 2024. He joined Knight Transportation in September 2002 and served as CFO of Knight from May 2012 to September 2017. Following the merger with Swift Transportation in 2017, he became the CFO of Knight-Swift Transportation Holdings Inc., a position he held until February 2024. Mr. Miller also served as President of Swift from November 2020 to February 2024. He played important roles in the Knight-Swift merger in 2017 and subsequent mergers and acquisitions. Mr. Miller holds a Bachelor of Science degree in Accounting from Arizona State University and is a Certified Public Accountant.
Andrew Hess, Chief Financial Officer
Andrew Hess became Chief Financial Officer for Knight-Swift Transportation Holdings Inc. in February 2024. Prior to this role, he served as the Company's Senior Vice President of Finance and Corporate Development since January 2021. He was also the Senior Vice President of Finance for Swift Transportation since May 2023 and for Knight Transportation starting in April 2019. Before joining Knight-Swift, Mr. Hess held various positions at Honeywell International, Inc., including Vice President and Chief Financial Officer of Aerospace Services & Connectivity from December 2016 to April 2019.
Kevin P. Knight, Executive Chairman
Kevin P. Knight has served as the Executive Chairman of the Board for Knight-Swift Transportation Holdings Inc. since January 2015. He was the Chairman of Knight's Board of Directors since May 1999 and Chief Executive Officer from 1993 until January 2015. Mr. Knight has been an officer and director of Knight since 1990. He co-founded Knight Transportation in 1990 with his brothers Gary and Keith, and cousin Randy. From 1975 to 1984 and again from 1986 to 1990, Mr. Knight was employed by Swift Transportation, where he served as Executive Vice President and President of Cooper Motor Lines, Inc., a former Swift subsidiary.
Gary J. Knight, Vice Chairman of the Board
Gary J. Knight has served as the Vice Chairman of the Board of Directors for Knight-Swift Transportation Holdings Inc. since 2004 and currently serves as the Vice Chairman of the Company. He served as Knight's President from 1993 to 2004 and has been an officer and board member since 1990. Mr. Knight is a co-founder of Knight Transportation, established in 1990. From 1975 until 1990, he was an Executive Vice President at Swift Transportation.
Joe Vitiritto, President of Knight Transportation
Joe Vitiritto rejoined Knight Transportation in November 2025 and currently serves as President of Knight Transportation. He previously worked for Knight and Swift for 17 years, from 2003 to 2020, holding various operational leadership roles within the organization. Before rejoining Knight, Mr. Vitiritto served as President and CEO of PAM Transport, a role he started in 2020, where he guided the company through significant operational and organizational initiatives. He holds a bachelor's degree in marketing from Iowa State University.
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The key risks to Knight-Swift Transportation (KNX) largely stem from the inherent challenges within the trucking and logistics industry, compounded by broader economic factors.
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Macroeconomic Headwinds and Soft Freight Demand: Knight-Swift Transportation is significantly exposed to macroeconomic conditions, including persistent inflation, volatile oil prices, and reduced consumer demand. These factors directly translate into softer freight demand, impacting the company's revenue growth, pricing flexibility, and overall business volume. Recent performance for KNX has shown a slowdown in demand and a decline in operating revenue, indicating the tangible impact of these cyclical headwinds.
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High Operating Costs: As a large-scale truckload transportation provider, Knight-Swift faces substantial and often escalating operating costs. Key components include driver wages, equipment, maintenance, and, critically, fuel expenses. The trucking industry has been particularly affected by rising fuel costs and driver shortages, which drive up labor expenses. These elevated costs can significantly restrict the company's bottom-line growth and squeeze profit margins.
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Accidents, Auto Liability, and Regulatory Compliance: Operating a vast fleet of over 18,000 tractors and tens of thousands of trailers across the United States, Mexico, and Canada inherently exposes Knight-Swift to considerable risks related to accidents and associated auto liability. Trucking accidents can lead to significant property damage, injury claims, fatalities, and substantial financial and legal consequences. Additionally, the company must continually navigate and comply with evolving regulatory requirements, such as Hours of Service rules, with non-compliance potentially resulting in fines, operational disruptions, and reputational damage.
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The clear emerging threat for Knight-Swift Transportation is the development and increasing viability of autonomous trucking technology. This technology has the potential to fundamentally alter the economics and operational structure of the truckload transportation industry by reducing or eliminating the need for human drivers, which represents a significant portion of current operating costs. While still in various stages of testing and regulatory development, numerous companies are actively developing and piloting autonomous long-haul and middle-mile solutions, posing a disruptive challenge to traditional asset-heavy carriers like Knight-Swift if they do not adapt or adopt these technologies at scale.
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Here are 3-5 expected drivers of future revenue growth for Knight-Swift Transportation (KNX) over the next 2-3 years:
- Less-than-Truckload (LTL) Segment Expansion and Pricing Power: Knight-Swift is strategically expanding its LTL network, which has been highlighted as a source of meaningful growth opportunities. The LTL segment has demonstrated strong demand and pricing power, benefiting from a market with higher entry barriers and undercapacity, including carrier exits and industry consolidation. This expansion includes adding new locations and doors, enhancing its network footprint, and enabling participation in larger customer bids.
- Recovery in the Truckload Market: Although the truckload market has faced challenges due to softer demand and excess capacity, management and analysts anticipate a gradual improvement throughout 2026. Signs of market rationalization and stabilizing contract rates suggest a potential recovery, which, combined with Knight-Swift's scale and diversified platform, positions the company well to capitalize on increased demand.
- Strategic Acquisitions and Technology Investments: Knight-Swift remains active in evaluating mergers and acquisitions, specifically targeting LTL assets and technology capabilities to enhance its platform. The company is also committed to technology investments to drive cost efficiencies and improve market responsiveness, which are expected to contribute to future earnings and accelerate revenue growth, particularly in the logistics segment.
- Growth in the Logistics Segment: The logistics segment has already demonstrated double-digit growth. Continued focus on operational excellence and technology investments are expected to further accelerate revenue growth within this segment, leveraging its complementary relationship with Knight-Swift's asset-based businesses.
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Share Repurchases
- In April 2022, Knight-Swift's board approved a new share repurchase plan authorizing up to $350 million of common stock buybacks, which replaced a previous $250 million plan.
- Under the terminated 2020 repurchase plan, the company purchased approximately $207.2 million of its common stock, including about $149.9 million in 2022.
- As of December 31, 2025, Knight-Swift had $200 million remaining under its 2022 share repurchase authorization.
Outbound Investments
- Knight-Swift expanded its LTL segment through the acquisition of AAA Cooper Transportation (ACT) and Midwest Motor Express (MME) in 2021.
- The company acquired U.S. Xpress in 2023, further expanding its Truckload operations.
- In 2024, the LTL segment was further expanded with the DHE Acquisition, and the company is focusing on integrating these acquisitions, such as rebranding MME and DHE under the AAA Cooper brand.
Capital Expenditures
- Knight-Swift expects net cash capital expenditures to be in the range of $625 million to $675 million in 2026.
- These capital expenditures are primarily focused on replacing existing tractors and trailers, and investing in the company's terminal network and technology.
- In 2025, the company projected its full-year net cash capital expenditures to be between $525 million and $575 million, a reduction from an initial range of $575 million to $625 million.
Peer Outperformance in Cargo Ground Transportation
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| KNX | Knight-Swift Transportation | 4.9% | 62.0x | 27.7% | 22.4% | 6.3% | — |
| XPO | XPO | 5.1% | 41.2x | 25.7% | 119.4% | 265.3% | +259pp |
| R | Ryder System | 2.7% | 19.6x | 60.0% | 183.1% | 245.7% | +239pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 28.7% | 34.6% | 109.9% | MATX 149% · KEX 110% |
| Construction Machinery & Heavy Transportation Equipment | 14 | 9.1% | 66.3% | 93.0% | ALSN 261% · WAB 201% · CAT 183% |
| Construction & Engineering | 28 | -21.4% | 94.1% | 91.9% | FIX 948% · STRL 785% · AGX 563% |
| Aerospace & Defense | 54 | -2.0% | 55.7% | 55.6% | ATI 901% · FTAI 836% · HWM 537% |
| Trading Companies & Distributors | 19 | 11.5% | 30.7% | 29.4% | DXPE 293% · AIT 187% · URI 179% |
| Industrial Machinery & Supplies & Components | 71 | 1.0% | 48.7% | 28.0% | CRS 766% · MLI 290% · SYM 266% |
| Rail Transportation | 7 | 33.7% | 69.8% | 24.9% | CSX 48% · UNP 36% · NSC 25% |
| Building Products | 34 | -7.3% | 6.8% | 12.8% | MOD 753% · GFF 340% · TT 128% |
| Diversified Support Services | 35 | 15.7% | 39.1% | 11.9% | CXW 197% · OPLN 136% · CTAS 113% |
| Cargo Ground Transportation ← | 16 | 27.7% | 13.1% | 1.3% | XPO 265% · R 246% · SNDR 17% |
| Office Services & Supplies | 10 | 19.6% | 25.3% | -2.8% | PBI 146% · HNI 39% · MSA 17% |
| Industrial Conglomerates | 17 | 14.5% | 8.0% | -4.5% | CSW 97% · DD 69% · CSL 68% |
| Electrical Components & Equipment | 39 | -7.8% | 58.1% | -7.7% | POWL 1421% · VRT 567% · BE 387% |
| Data Processing & Outsourced Services | 6 | -10.2% | 2.7% | -13.5% | EXLS 59% · BR 19% · G -10% |
| Research & Consulting Services | 13 | 0.5% | -11.2% | -24.9% | HURN 212% · FCN 37% · BAH 7% |
| Agricultural & Farm Machinery | 16 | 14.8% | -3.4% | -26.2% | DE 99% · TTC 14% · AGCO 2% |
| Security & Alarm Services | 9 | -47.2% | 35.9% | -28.5% | BCO 72% |
| Environmental & Facilities Services | 29 | -22.8% | 26.2% | -30.4% | GEO 194% · CLH 164% · RSG 97% |
| Passenger Airlines | 11 | 4.0% | 75.4% | -33.9% | LTM 3031% · UAL 112% · DAL 103% |
| Air Freight & Logistics | 12 | -31.2% | -8.1% | -40.8% | FDX 71% · EXPD 56% · CHRW 49% |
| Human Resource & Employment Services | 22 | 22.1% | -15.8% | -42.2% | ADP 49% · FA 14% · PAYX 12% |
| Passenger Ground Transportation | 3 | -22.5% | 37.0% | -57.3% | UBER 49% · CAR -57% · LYFT -69% |
| Airport Services | 4 | -42.8% | -62.5% | -87.2% | JOBY -37% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 170.58 |
| Mkt Cap | 15.0 |
| Rev LTM | 6,978 |
| Op Inc LTM | 664 |
| FCF LTM | 705 |
| FCF 3Y Avg | 181 |
| CFO LTM | 1,279 |
| CFO 3Y Avg | 1,017 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.2% |
| Rev Chg 3Y Avg | 3.3% |
| Rev Chg Q | 13.7% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Inc Chg LTM | 16.3% |
| Op Inc Chg 3Y Avg | -2.0% |
| Op Mgn LTM | 8.9% |
| Op Mgn 3Y Avg | 8.2% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 15.1% |
| CFO/Rev 3Y Avg | 12.8% |
| FCF/Rev LTM | 7.7% |
| FCF/Rev 3Y Avg | 2.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.0 |
| P/S | 1.9 |
| P/Op Inc | 22.8 |
| P/EBIT | 23.3 |
| P/E | 32.9 |
| P/CFO | 14.0 |
| Total Yield | 3.6% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 2.4% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.1% |
| 3M Rtn | -17.6% |
| 6M Rtn | -12.4% |
| 12M Rtn | 24.6% |
| 3Y Rtn | 26.4% |
| 1M Excs Rtn | -1.9% |
| 3M Excs Rtn | -11.5% |
| 6M Excs Rtn | -12.1% |
| 12M Excs Rtn | 18.2% |
| 3Y Excs Rtn | -54.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Truckload | 4,865 | 5,035 | 4,699 | 4,531 | 4,098 |
| Less-than-truckload (LTL) | 1,479 | 1,236 | 1,082 | 1,070 | 396 |
| Logistics | 570 | 570 | 582 | 921 | 817 |
| Intermodal | 365 | 387 | 411 | 486 | 459 |
| All Other Segments | 287 | 266 | 462 | 517 | 306 |
| Eliminations | -97 | -84 | -94 | -95 | -79 |
| Total | 7,470 | 7,410 | 7,142 | 7,429 | 5,998 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Truckload | 147 | 168 | 298 | 747 | 784 |
| Less-than-truckload (LTL) | 39 | 87 | 119 | 127 | 31 |
| Logistics | 23 | 23 | 43 | 134 | 94 |
| All Other Segments | 14 | -26 | -112 | 37 | 14 |
| Eliminations | 0 | 0 | 0 | 0 | |
| Intermodal | -8 | -9 | -11 | 48 | 42 |
| Total | 216 | 243 | 338 | 1,092 | 966 |
Price Behavior
| Market Price | $58.41 | |
| Market Cap ($ Bil) | 9.5 | |
| First Trading Date | 10/25/1994 | |
| Distance from 52W High | -29.0% | |
| 50 Days | 200 Days | |
| DMA Price | $64.90 | $65.84 |
| DMA Trend | down | up |
| Distance from DMA | -10.0% | -11.3% |
| 3M | 1YR | |
| Volatility | 32.9% | 38.1% |
| Downside Capture | 110.97 | 94.92 |
| Upside Capture | 47.73 | 119.18 |
| Correlation (S&P 500) | 30.6% | 36.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.25 | 0.44 | 0.81 | 0.92 | 1.01 | 1.02 |
| Up Beta | -2.69 | 0.26 | 0.51 | 0.86 | 1.07 | 1.12 |
| Down Beta | -0.14 | 0.09 | -0.21 | 0.22 | 0.66 | 0.90 |
| Up Capture | 14% | 16% | 77% | 105% | 138% | 80% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 9 | 20 | 28 | 55 | 120 | 353 |
| Down Capture | 80% | 105% | 155% | 125% | 97% | 102% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 13 | 23 | 36 | 70 | 128 | 392 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KNX | |
|---|---|---|---|---|
| KNX | 32.8% | 38.1% | 0.81 | - |
| Sector ETF (XLI) | 7.1% | 17.8% | 0.22 | 43.2% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 35.9% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 10.7% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -22.3% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 25.0% |
| Bitcoin (BTCUSD) | -27.2% | 43.6% | -0.61 | 13.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KNX | |
|---|---|---|---|---|
| KNX | 1.8% | 33.9% | 0.11 | - |
| Sector ETF (XLI) | 10.9% | 17.7% | 0.45 | 54.2% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 49.2% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 3.4% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | -1.6% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 41.0% |
| Bitcoin (BTCUSD) | 4.0% | 51.6% | 0.26 | 18.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KNX | |
|---|---|---|---|---|
| KNX | 7.4% | 34.8% | 0.29 | - |
| Sector ETF (XLI) | 13.0% | 20.1% | 0.56 | 50.5% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 46.9% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 0.7% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 6.2% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 36.3% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 10.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | -1.1% | -3.7% | |
| 7/22/2026 | -4.9% | -6.6% | -8.7% |
| 4/22/2026 | 2.8% | -1.0% | 9.8% |
| 1/21/2026 | 2.6% | -4.1% | 6.5% |
| 10/22/2025 | -7.1% | -6.1% | -12.0% |
| 7/23/2025 | -0.2% | -7.2% | -6.4% |
| 4/23/2025 | 1.9% | -1.1% | 9.9% |
| 1/22/2025 | 4.7% | 6.1% | -5.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 13 |
| # Negative | 12 | 14 | 11 |
| Median Positive | 2.6% | 6.1% | 8.3% |
| Median Negative | -2.5% | -3.5% | -5.1% |
| Max Positive | 11.7% | 11.1% | 15.6% |
| Max Negative | -7.1% | -8.6% | -12.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | -1.1% | -3.7% | |
| 7/22/2026 | -4.9% | -6.6% | -8.7% |
| 4/22/2026 | 2.8% | -1.0% | 9.8% |
| 1/21/2026 | 2.6% | -4.1% | 6.5% |
| 10/22/2025 | -7.1% | -6.1% | -12.0% |
| 7/23/2025 | -0.2% | -7.2% | -6.4% |
| 4/23/2025 | 1.9% | -1.1% | 9.9% |
| 1/22/2025 | 4.7% | 6.1% | -5.2% |
| 10/23/2024 | -1.5% | 0.6% | 6.6% |
| 7/24/2024 | 6.3% | 11.1% | 9.2% |
| 4/24/2024 | -2.8% | -3.3% | -3.3% |
| 1/24/2024 | 1.6% | 0.7% | 2.2% |
| 10/19/2023 | 11.7% | 7.5% | 12.2% |
| 7/20/2023 | 0.8% | 6.4% | 1.0% |
| 4/20/2023 | -1.1% | -3.0% | -4.4% |
| 1/26/2023 | 2.4% | 9.5% | -0.6% |
| 10/19/2022 | -5.9% | -1.5% | 8.3% |
| 7/20/2022 | 3.7% | 2.6% | 11.6% |
| 4/20/2022 | 1.7% | -0.6% | -6.6% |
| 1/26/2022 | -2.2% | 2.5% | -5.1% |
| 10/20/2021 | 7.0% | 8.7% | 15.6% |
| 7/21/2021 | -1.7% | 0.6% | 2.0% |
| 4/21/2021 | -5.5% | -5.6% | -2.2% |
| 1/27/2021 | -6.6% | -8.6% | -3.2% |
| 10/21/2020 | 0.1% | -1.2% | 5.4% |
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 13 |
| # Negative | 12 | 14 | 11 |
| Median Positive | 2.6% | 6.1% | 8.3% |
| Median Negative | -2.5% | -3.5% | -5.1% |
| Max Positive | 11.7% | 11.1% | 15.6% |
| Max Negative | -7.1% | -8.6% | -12.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
Recent Forward Guidance
Updated 10/22/2026Latest: Q3 2026 Earnings Reported 10/21/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Truckload Segment Adjusted Operating Ratio Improvement | Reported | 0.07 | 0.07 | 0.08 | 0.0% | Same New | Guidance: 0.07 for Q3 2026 | |
| Q4 2026 LTL Segment Adjusted Operating Ratio Improvement | Reported | 0.01 | 0.02 | 0.02 | ||||
| Q4 2026 Logistics Segment Adjusted Operating Ratio Improvement | Reported | 0.03 | 0.04 | 0.04 | ||||
| Q4 2026 Intermodal Segment Adjusted Operating Ratio Improvement | Reported | 0.02 | 0.02 | 0.03 | ||||
| Q4 2026 All Other Segments Operating Loss | Reported | -17.00 Mil | -15.00 Mil | -13.00 Mil | ||||
| Q4 2026 Gain on Sale | Reported | 17.00 Mil | 19.00 Mil | 21.00 Mil | ||||
| Q4 2026 Other Income, Net | Reported | 1.00 Mil | 2.00 Mil | 3.00 Mil | ||||
| Q4 2026 Logistics Segment Revenue Growth | Reported | 0.0% | ||||||
| Q4 2026 Intermodal Segment Revenue Growth | Reported | 25.0% | 27.5% | 30.0% | ||||
| Q4 2026 Effective Tax Rate on Adjusted Income Before Taxes | Reported | 24.7% | 25.2% | 25.7% | -0.8% | Lower New | Guidance: 26.0% for Q3 2026 | |
| Q4 2026 Adjusted EPS | Reported | 0.78 | 0.81 | 0.84 | 9.5% | Higher New | Guidance: 0.74 for Q3 2026 | |
| 2026 After-Tax Intangible Asset Amortization Per Share | Reported | 0.34 | ||||||
| 2026 Net Cash Capital Expenditures | Reported | 600.00 Mil | 612.50 Mil | 625.00 Mil | -2.0% | Lowered | Guidance: 625.00 Mil for 2026 | |
Prior: Q2 2026 Earnings Reported 7/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Truckload Adjusted Operating Ratio Improvement | Reported | 0.07 | 0.07 | 0.08 | 7.0% | |||
| Q3 2026 Truckload Segment Revenue Growth | Reported | 5.0% | ||||||
| Q3 2026 LTL Segment Revenue Growth | Reported | 2.0% | ||||||
| Q3 2026 Effective Tax Rate | Reported | 25.5% | 26.0% | 26.5% | ||||
| Q3 2026 Adjusted EPS | Reported | 0.71 | 0.74 | 0.77 | ||||
| 2026 Effective Tax Rate | Reported | 25.0% | 25.5% | 26.0% | ||||
| 2026 Net Capital Expenditures | Reported | 600.00 Mil | 625.00 Mil | 650.00 Mil | 0 | Affirmed | Guidance: 625.00 Mil for 2026 | |
Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Truckload Segment Revenue Growth | Reported | 2.0% | ||||||
| Q2 2026 LTL Segment Revenue Growth | Reported | 2.0% | -5.5% | Lower New | Guidance: 7.5% for Q1 2026 | |||
| Q2 2026 Logistics Segment Revenue Growth | Reported | 3.5% | ||||||
| Q2 2026 Adjusted EPS | Reported | 0.45 | 0.47 | 0.49 | 56.7% | Higher New | Guidance: 0.3 for Q1 2026 | |
| 2026 Net cash capital expenditures | Reported | 600.00 Mil | 625.00 Mil | 650.00 Mil | -3.8% | Lowered | Guidance: 650.00 Mil for 2026 | |
Q4 2025 Earnings Reported 1/21/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Gain on Sale | Reported | 7.00 Mil | 9.50 Mil | 12.00 Mil | -53.7% | Lower New | Guidance: 20.50 Mil for Q4 2025 | |
| Q1 2026 LTL Segment Revenue Growth | Reported | 5.0% | 7.5% | 10.0% | -5.0% | Lower New | Guidance: 12.5% for Q4 2025 | |
| Q1 2026 All Other Segments Operating Income | Reported | 22.00 Mil | 24.00 Mil | 26.00 Mil | ||||
| Q1 2026 Effective Tax Rate | Reported | 25.0% | 25.5% | 26.0% | ||||
| Q1 2026 Adjusted EPS | Reported | 0.28 | 0.3 | 0.32 | -18.9% | Lower New | Guidance: 0.37 for Q4 2025 | |
| 2026 Effective Tax Rate | Reported | 25.0% | 25.5% | 26.0% | ||||
| 2026 Net Cash Capital Expenditures | Reported | 625.00 Mil | 650.00 Mil | 675.00 Mil | 30.0% | Higher New | Guidance: 500.00 Mil for 2025 | |
Insider Activity
Updated 9/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vander, Ploeg David | Trust | Sell | 8132026 | 52.33 | 2,200 | 115,126 | 1,583,087 | Form | |
| 2 | Dove, Reid | Foundation | Sell | 7312026 | 70.25 | 50,000 | 3,512,290 | 11,882,358 | Form | |
| 3 | Flanagan, Cary M | Exec VP and CAO | Direct | Sell | 7312026 | 70.82 | 3,600 | 254,952 | 382,782 | Form |
| 4 | Smith, Joshua | CFO - US Xpress | Direct | Sell | 2272026 | 60.91 | 5,770 | 351,474 | 561,262 | Form |
| 5 | Knight, Kevin P | Executive Chairman | Trust | Sell | 2232026 | 61.00 | 30,000 | 1,830,087 | 79,629,953 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vander, Ploeg David | Trust | Sell | 8132026 | 52.33 | 2,200 | 115,126 | 1,583,087 | Form | |
| 2 | Dove, Reid | Foundation | Sell | 7312026 | 70.25 | 50,000 | 3,512,290 | 11,882,358 | Form | |
| 3 | Flanagan, Cary M | Exec VP and CAO | Direct | Sell | 7312026 | 70.82 | 3,600 | 254,952 | 382,782 | Form |
| 4 | Smith, Joshua | CFO - US Xpress | Direct | Sell | 2272026 | 60.91 | 5,770 | 351,474 | 561,262 | Form |
| 5 | Knight, Kevin P | Executive Chairman | Trust | Sell | 2232026 | 61.00 | 30,000 | 1,830,087 | 79,629,953 | Form |
| 6 | Knight, Kevin P | Executive Chairman | Trust | Sell | 2192026 | 59.96 | 38,857 | 2,330,018 | 80,072,641 | Form |
| 7 | Knight, Kevin P | Executive Chairman | Trust | Sell | 2192026 | 60.07 | 31,143 | 1,870,713 | 82,546,373 | Form |
| 8 | Harrington, Timothy Sean | Pres - US Xpress | Direct | Sell | 2102026 | 59.81 | 8,500 | 508,359 | 347,598 | Form |
| 9 | Fitzsimmons, James L | COO Swift Transportation | Direct | Sell | 2052026 | 54.77 | 5,917 | 324,074 | 477,375 | Form |
| 10 | Liu, Michael K | EVP - Operations | Direct | Sell | 2052026 | 60.87 | 1,243 | Form | ||
| 11 | Knight, Kevin P | Executive Chairman | Trust | Sell | 12092025 | 51.01 | 35,000 | 1,785,420 | 71,689,561 | Form |
| 12 | Stultz, Reed | SR VP - Logistics | Direct | Sell | 12052025 | 51.51 | 4,692 | 241,661 | 23,950 | Form |
| 13 | Flanagan, Cary M | EVP and CAO | Direct | Sell | 11072025 | 45.04 | 4,300 | 193,669 | 254,202 | Form |
| 14 | Liu, Michael K | EVP - Operations | Direct | Sell | 9052025 | 43.41 | 3,420 | Form |
Investor Activity (13F)
Updated Nov 9, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| 12th Street Asset Management Company, LLC | $28.2 Mil | 4.6% | 32 | ADD +165.8% | 13F |
| Slate Path Capital LP | $265.9 Mil | 3.9% | 44 | ADD +7.8% | 13F |
| D1 Capital Partners L.P. | $316.2 Mil | 2.8% | 44 | TRIM -28.9% | 13F |
| KR Capital LP | $10.3 Mil | 2.1% | 49 | New | 13F |
| WS Management LLLP | $11.9 Mil | 1.6% | 35 | Hold | 13F |
| Maple Rock Capital Partners Inc. | $21.1 Mil | 0.7% | 44 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| D1 Capital Partners L.P. | $316.2 Mil | 2.8% | 44 | TRIM -28.9% | 13F |
| Slate Path Capital LP | $265.9 Mil | 3.9% | 44 | ADD +7.8% | 13F |
| 12th Street Asset Management Company, LLC | $28.2 Mil | 4.6% | 32 | ADD +165.8% | 13F |
| Maple Rock Capital Partners Inc. | $21.1 Mil | 0.7% | 44 | New | 13F |
| WS Management LLLP | $11.9 Mil | 1.6% | 35 | Hold | 13F |
| KR Capital LP | $10.3 Mil | 2.1% | 49 | New | 13F |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Cargo Ground Transportation Resources |
| Transport Topics |
| Commercial Carrier Journal (CCJ) |
| FreightWaves |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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