$KNX

Nucor and Steel Dynamics rose 2% after U.S.-Canada trade talks collapsed. Expedia gained 4% on an upgraded price target. Hims & Hers fell 8% due to Visa disputes. Trucking stocks dropped 2-5% on new Canada auto tariffs. Applied Optoelectronics slid 11% after a $600M share sale plan. RUM Group rose 5% on a $13.7B AI chip deal. Nvidia fell 2% ahead of earnings. Chip and memory stocks declined. Bitcoin topped $79,000, boosting crypto-linked stocks.

Dove Reid (CEO AAA Cooper Transportation) sold 169,154 indirectly-held shares of Knight-Swift Transportation Holdings Inc. (KNX) at an average of $72.72 ($71.49–$73.13, $12.30M total) across 2 trades over 2026-08-12 to 2026-08-13.

Vander Ploeg David sold 2,200 indirectly-held shares of Knight-Swift Transportation Holdings Inc. (KNX) at $52.33 ($0.12M total) on 2026-08-12.

Trucking and logistics stocks are set for their worst month in over a year as legal risk rises after a Dallas County jury preliminary verdict against CH Robinson Worldwide, tied to a May Supreme Court ruling that may enable lawsuits against brokers for injuries from motor carriers. CH Robinson shares are down 21% this month; RXO and Landstar also fell amid weak earnings and outlooks.

Freight market update cites tight truck capacity and elevated tender rejections. J.B. Hunt reported higher intermodal volume and a record dedicated pipeline, attributing tightness to constrained truck supply, regulatory pressures, and a tight driver market. Knight-Swift and Werner also linked tightening to FMCSA/DOT enforcement and higher recruiting costs. National tender rejections: 14.36%, flatbed 23.5%, refrigerated 19.46%.

Flanagan Cary M (Exec VP and CAO) sold 3,600 shares of Knight-Swift Transportation Holdings Inc. (KNX) at $70.82 ($0.25M total) on 2026-07-31.

Dove Reid sold 50,000 indirectly-held shares of Knight-Swift Transportation Holdings Inc. (KNX) at $70.25 ($3.51M total) on 2026-07-31.

Driver recruiting headwinds are intensifying the capacity squeeze. A tight market gives drivers more options, and regulatory enforcement is raising barriers to entry and complicating retention efforts. With capacity continuing to exit the market and no significant fleet additions visible in large-carrier earnings, the market is expected to remain tight through fall and into the next year.

The outlook for strong Q2 earnings, which continue this week, is a bullish factor for stocks. The markets are awaiting results from a raft of megacap technology companies this week, including Microsoft and Meta Platforms today, and Amazon.com and Apple on Thursday. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1's blowout earnings of +30%, which was more than double the +12% analysts had expected.

Knight-Swift CEO Adam Miller said freight recovery is likely to be gradual, not a sudden margin surge, citing supply-driven factors such as driver licensing rules, cabotage scrutiny, and broker liability. After the company’s Q2 results, Knight-Swift reported net profit of $43.2M on $1.76B revenue, with operating income up 44% and adjusted operating ratio improving to 91.0%.