Knight-Swift Transportation Q3 Results Top Expectations as Truckload Pricing Improves, UBS Says

12:46 PM EDT, 10/22/2026 (MT Newswires) -- Knight-Swift Transportation (KNX) posted better-than-expected Q3 earnings as a strong truckload pricing environment helped offset rising costs, UBS Securities said in a report Thursday. Adjusted earnings per share of $0.83 topped the UBS estimate of $0.74 and the $0.76 consensus, helped by higher-than-expected gains on used equipment sales and stronger warehouse-related earnings in the "All Other" segment, analysts said. Looking to 2027, the company's management gave a "very positive view" on truckload contract pricing, pointing to low- to mid-teens rate increases. The firm expects about 12% realized pricing growth and roughly 500 basis points of truckload margin improvement despite rising cost pressures, according to the report. UBS maintained a buy rating on Knight-Swift Transportation, with a price target of $82, adding that the company offers "attractive leverage" to the truckload rate cycle, anticipating strong truckload contract pricing gains. Price: 64.19, Change: +0.98, Percent Change: +1.56