How did Knight-Swift's revenue and expenses trend in Q4 2024?

Knight-Swift's revenue and expenses trends in Q4 2024 are not currently available. However, the company reported $1.88 billion in revenue for the quarter ended September 2024, which represents a year-over-year decline of 7.1%. This decline was primarily due to a 5.6% decrease in the average number of tractors in service and a 0.6% reduction in revenue per tractor, despite capturing rate increases through recent bid awards.

1. **Revenue Decline**: Knight-Swift experienced a 7.1% year-over-year revenue drop, reaching $1.88 billion by the end of Q3 2024. This fell short of the Zacks Consensus Estimate of $1.95 billion, indicating a 3.75% revenue miss.
2. **Expense Management**: Despite the revenue decline, Knight-Swift’s adjusted EPS of $0.34 for the quarter outperformed the consensus by 6.1%. The company’s EBITDA of $260 million, however, missed the estimate by 9%, coming in at $285.8 million.