The management of the Cavaliers' referee has admitted that the data points have been raised in the past few weeks, but it is too early to say that the truck load market has seen a meaningful and positive inflection point.
The company headquartered in Phoenix reported the 36 -dollar income after the fourth quarter adjusted in the fourth quarter after the market was closed. As a result, the high -end 32 to 36 cents of the scope of management guidance is higher than consensus estimation.
Compared with the consensus estimation values during printing, the Cavaliers (NYSE: KNX) reiterated the EPS guide after the first quarter adjustment, with a range of 29 to 33 cents. It introduced the EPS guide in the second quarter of 46 to 50 cents, which will be a consensus estimation value of 49 cents.
CEO Adam Miller told analysts at a conference call on Wednesday that why this guidance is not good, winter weather may distort the bidding for the past few weeks to improve data.
Miller said: "If we see continuous power, there will definitely be room for rise, but we have not rely on this." "I think it is now called any meaningful change. Before our views on the market are more aggressive, we need to see more continuous data. "
With the average service of the service, the average service decreased by 6 % to 22,208 units, and the income of truck loads decreased by 4.4 % year -on -year to $ 1.1 billion. This part was increased by 1.7 % by the income of each tractor (excluding fuel surcharge).
The company has been rationalized tractors and trailers to improve the use of the team. The loading miles of each tractor increased by 2.4 %, but the income of each mile of miles (excluding fuel) was 0.7 % (1 % higher than the third quarter).
Miller said that so far, in the bidding season, "interest rates have been actively progressing." The company currently requires that the rate of intermediate digits is increased, which is one -fourth before the rate of increase from low to middle digits.
The TL unit recorded 92.2 % of the post -adjustment rate (countdown), which increased by 170 basis points from the third quarter, and increased by 340 basis points from the third quarter. The traditional TL fleet returned to the 1980s for the first time in seven quarters.
As the rotation of the Cavaliers continued to repair the US XPress fleet, it was hindered, and the fleet was obtained in July 2023.
This operation has shifted to the terminal network method, and its debate rate is short, but the income per miles is higher. The annual operating rate has reached a cost synergy of $ 180 million, but as it continues to replace the leased equipment with the assets of its own, there are more opportunities. Miller also said that in view of the recent changes, the interest rate opportunities of the department are quite large.
Looking forward to the future, the income of the TL market market is expected to decrease from the lows from the fourth quarter to the first quarter, and then the middle bit in the second quarter increases in turn. The company will continue to dig tractors in the first quarter. By the way, in the first quarter, the profit margin will decrease medium in the first quarter.
The goal is in a good market, the mid -1980s in the normal market, and the upper Ors of the 1980s in the 1980s. The results in the current cycle are distorted by collection.
The lower truck unit reported that revenue increased by 20.2 % to $ 279 million. The daily cargo increased by 13 %, and the income of each cargo (excluding fuel) was 6.6 % higher. The income per 100 or output increased by 9.6 % (excluding fuel). This indicator is helpful due to the weight of each cargo decreased by 2.8 %.
The Cavaliers rotated 51 terminals from 2024 to 37 organic additions to acquire the reliable highway express express of Southwest Airlines. The total number of doors increased by 1,430, or more than 30 %Essence
The expansion of the quarter and the impact of "supportive demand slightly decreased" were put on profit margins. This unit records 94.5 % adjustment or 900 basis points, and the difference is 490 BPS.
Since 2021, Knight-Swift has now run all three LTL carriers on the same platform. Considering the recent increase, it is expected to increase by 20 % to 25 % in the first half of the year. Oh is expected to improve in turn in turn in the first quarter and reach 80 % in the second quarter.
Logistics revenue increased by 2.1 %/year, and the higher income of the load decreased to offset higher income. This unit reported 93.7 % of the adjustment of Y/Y at 60 basis points.
Logistics revenue is expected to rise in the first two quarters of this year and in order.
Lianyun revenue increased by 4.9 % Y/Y, because the load was increased by 10.2 %, and its income decreased by 4.8 %. The working ratio of this unit is 101.5 %, which is the seventh consecutive operation loss.
Looking forward to the future, it is expected that the department will see the result of a profit and loss balance in the first quarter, and the highest 90 % will be seen in the second or second quarters.
Miller said in a press release on Wednesday: "The environment still requires disciplinary execution, but there is very little difference in errors, but we expect that in 2025 will be a year when market conditions will be gradually recovered. Sex 2026.
The adjustment of the EPS number in the fourth quarter excluded the cost of acquisition, non -cash barriers to equipment and real estate, and marking to market adjustments related to the acquisition of XPress. The number includes a $ 12.6 million equipment sales income, and Y/Y reduced $ 5.4 million, or 3 cents of anti -wind (assuming standard tax rate). The increase in net interest costs is also 3 cents of counter -wind Y/Y.
KNX's stocks increased by 5.8 % in the trading after get off work on Wednesday.
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In the cost of purchased, the rapid growth of the Q4 of the Cavaliers Swift first appeared on FreightWaves.