Knight-Swift – any sign of the longed-for US freight inflection?
‘Kind of a grind or just a slow progression’
For Knight-Swift (KNX) management, it was another “wait-and-see” call with equity analysts yesterday, 24 July, after the US market closed.
CEO Adam Miller (pictured above) was very clear following the release of mixed Q2 24 numbers, about where we stand at the moment in land transport stateside (emphasis in bold added):
“Again, we don’t want to sit here and call the inflection. Again, we saw positive signs (…), we can’t call it a trend yet. But we’ve seen this market move rapidly, ...
MSC Elsa 3 sinking – now the 'blame game' begins
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
New services and reinstated blanked sailings boost transpacific capacity
Congestion fear as US west coast ports brace for transpacific cargo surge
$2.1bn E2open purchase will 'catapult WiseTech into a different dimension'
Houthis claim Red Sea safe for box ships not calling at port of Haifa
Bad news for shippers as wave of transpacific rate increases continues
Shippers hold their breath as Trump appeals court ruling that tariffs are illegal
No deals with carriers, say Houthis – Red Sea safe for non Israel-affiliated ships
Schenker's Shirley Sharma Paterson moves to K+N as global head of sales
Shippers brace for rate rise as smart phones expected to drive air cargo market
Comment on this article