Despite Declining Profits, Wall Street Calls for 'Buy' as Trucking Stocks Surge 5%

Knight-Swift Transportation Holdings Inc. (NYSE: KNX), a U.S. trucking and logistics company, saw its stock price climb 5.19% to close at $57.93 on the New York Stock Exchange on January 22. Its market capitalization expanded to about $9.4 billion (approximately KRW 12 trillion), adding roughly $500 million (around KRW 600 billion) in a single day, with trading volume reaching 4.05 million shares.

Recently, Barclays, Benchmark and Evercore ISI have all maintained overweight or buy ratings on KNX, raising their price targets to the $60–65 range, which has bolstered investor sentiment. However, in its third-quarter 2025 results, the company showed it is still awaiting a full economic recovery—profitability deteriorated and net income was significantly reduced due to impairment charges and higher insurance costs.

Formed in 2017 through the merger of Knight Transportation and Swift Transportation, Knight-Swift has become one of North America’s largest trucking firms, diversifying its business into truckload, less-than-truckload (LTL), logistics and intermodal services. While the company has faced headwinds in recent years amid freight-market softness and weak rates typical of a cyclical industry, its strategy aims to leverage an expanded network and economies of scale from acquisitions and integrations to capitalize on an eventual market rebound.