The Latest Breaking News from KNX

Knight-Swift Transportation Holdings Inc (NYSE:KNX) board approved the repurchase of up to $350 million of its outstanding common stock. KNX terminated its previous $250 million repurchase plan. Under the previous plan, Knight-Swift purchased ~$207.2 million or 4.2 million shares, leaving less than $42.8 million in remaining purchase authorization upon termination. KNX also…

High fuel prices have significantly raised the operating expenses of trucking companies. Moreover, the rising wages in a tight trucking driver market add to the woes. Given this backdrop, today I’ll take a look at prominent trucking stocks Old Dominion Freight (ODFL), Knight-Swift Transportation (KNX), and TFI International (TFII) to…

Susquehanna analyst Bascome Majors upgraded Knight-Swift Transportation Holdings Inc (NYSE:KNX) to Positive from Neutral and raised the price target of $69 (28% upside), up from $62. Majors states that there is an attractive risk/reward in buying truckload names "already priced for a deep freight recession." The analyst notes intermodal is in one of its best…

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly cash dividend of $0.12 per share of common stock, up $0.02 from the prior quarterly dividend of $0.10 per share. The dividend is payable on March 28, 2022, to stockholders of record on March 4, 2022. The company held cash and equivalents of $354 million as of…