On October 21, 2026, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) issued a press release announcing its financial results for the quarter ended September 30, 2026. The company reported total revenue of $2,200,926,000, representing a 14.2% increase compared to the same period in 2025. Net income attributable to Knight-Swift was $118.3 million, a significant increase from $7.9 million in the prior year, while GAAP earnings per diluted share rose to $0.72 from $0.05.
Consolidated operating income for the third quarter was $178.7 million, a 255.1% increase year-over-year. The company reported an operating ratio of 91.9%, an improvement of 550 basis points. Adjusted Net Income Attributable to Knight-Swift was $135.9 million, and Adjusted EPS was $0.83. The filing notes that these results included a $22.8 million reduction in interest expense and a decrease in the effective tax rate to 27.4% for the current quarter.
Segment performance varied by business line. The Truckload segment generated $1.41 billion in revenue, with revenue per loaded mile increasing 9.7%. The segment achieved an Adjusted Operating Ratio of 89.2%, a 700 basis point improvement. The LTL segment reported revenue of $434.5 million, with tonnage per day growing 3.3%. The Logistics segment saw a 1.0% decrease in revenue but improved Adjusted Operating Income to $9.6 million. The Intermodal segment reported a 30.6% increase in revenue and an Adjusted Operating Ratio of 97.8%.
CEO Adam Miller stated that the Truckload market remained consistent with normal seasonality and that the company has put more peak season project arrangements in place than since the pandemic. The company declared a quarterly cash dividend of $0.20 per share on August 6, 2026, payable on September 21, 2026.
