Knight-Swift Faces Pressure With Lack Of Freight Flows Amid Tariffs, Analyst Downgrades Stock
1. BofA downgraded KNX from Buy to Neutral, lowering the price forecast significantly. 2. Earnings estimates for FY25 and FY26 cut by 17% and 11%, respectively. 3. Truckload spot rates decline to $1.50/mile, indicating industry challenges. 4. KNX to reduce its truckload fleet by 1.5% in Q1, exceeding prior expectations. 5. Weather disruptions and tariff concerns impact freight flows and operations.