Knight-Swift faces higher truckload rates as capacity shrinks, but diesel costs are also rising. The story gives no company results showing which change matters more, so its outlook stays unchanged.
Higher rates can bring Knight-Swift more money per load as fewer trucks serve the market. But rising diesel prices add costs, and the story gives no company results showing which change matters more. The two forces leave no clear change to its business outlook.
J.B. Hunt's truckload and dedicated units can gain from higher rates, and intermodal may win freight. Diesel and driver costs are climbing too, leaving no clear overall change for the company.
BWET tracks tanker freight futures as very large crude carrier rates reached $1.3 million per day, up from about $30,000. Those much higher shipping rates favor the fund's exposure.
Follow Knight-Swift Transportation Holdings Inc. (KNX) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for KNX