Knight-Swift Transportation anticipated a rebound in volumes for March following severe weather in February, but tariff uncertainties have stalled this momentum, leading to decreased volumes. CEO Adam Miller reported that shippers are adopting varied strategies regarding tariffs, from maintaining their current plans to reducing purchases or drawing down inventories. The uncertainty is also affecting rate negotiations, with truckload revenue down 4% year-over-year. To mitigate costs, Knight-Swift is selling underutilized equipment while adjusting its Q2 and withholding Q3 earnings guidance until tariff conditions stabilize.

Source: https://www.supplychaindive.com/news/knight-swift-q1-2025-earnings-tariff-impact/746336/