Knight-Swift Transportation Holdings Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against Knight-Swift Transportation Holdings Inc. (KNX)

If you purchased or otherwise acquired Knight-Swift Transportation Holdings securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About Knight-Swift Transportation Holdings

Knight-Swift Transportation Holdings operates a diverse fleet and provides a range of transportation and logistics services, including truckload, less-than-truckload (LTL), and logistics solutions.

Over recent years, Knight-Swift Transportation Holdings has expanded its operations through significant acquisitions, such as the merger of Knight and Swift in 2017, the acquisition of U.S. Xpress in 2023, and the purchase of Dependable’s LTL unit in 2024.

Potential Concerns Under Investigation

Lawyers are investigating whether Knight-Swift Transportation Holdings may have made misleading statements or omitted key information concerning its financial health and business operations during the period from Jan 2025 to October 22, 2025.

On January 22, 2025, Knight Swift reported fourth quarter 2024 results, stating that “the fourth quarter showed the benefits of our diversified business model” and that management had “more conviction that we are finally moving on from the prolonged down cycle that has weighed on the freight transportation sector for nearly three years.”

The company added that recent investments “position us for growth and further synergy opportunities across our services while yielding a compelling runway for margin improvement,” but allegedly did not disclose risks tied to intangible asset valuations or large insurance liabilities.

In the following months, Knight Swift allegedly continued to issue positive updates. During its first quarter 2025 call, management reported continued improvement and described progress winding down its third party insurance program without disclosing that significant liabilities remained outstanding. The second quarter 2025 report again referenced residual risk from the insurance business but provided no detail on the size of potential losses.

Investors were also told that Knight Swift had “made meaningful progress in improving margins and operating profitability” at U.S. Xpress for a second consecutive quarter and that its LTL segment continued to grow its “network, customer base, and shipment count while making steady improvement in pricing.”

Those assurances came under scrutiny on October 22, 2025, when the company issued its third quarter 2025 earnings report. Knight Swift disclosed $58 million in one time charges and reported a GAAP EPS of $0.05, far below expectations, along with a 74.2% slump in attributable net income compared with the same quarter a year earlier.

The charges included:

• $28.8 million write down of LTL trade name intangible assets, $6 million in property and software impairments
• $11.2 million loss contingency related to the exit of its third party insurance business
• $12 million in large auto liability claim settlements at U.S. Xpress

Management also warned that the usual holiday season freight volume lift had not occurred, weakening its fourth quarter outlook. The next day, October 23, 2025, Knight Swift’s stock fell approximately 7%, dropping from a close of $47.39 on October 22, 2025 to $44.01 per share the following day, resulting in significant losses for investors.

Your Rights and Next Steps

This is an active investigation into potential securities law violations by Knight Swift Transportation Holdings. No lawsuit has been filed. The findings may lead to a class action on behalf of investors who suffered losses.

Investors who purchased or otherwise acquired Knight Swift securities during the relevant period, may have legal rights. By joining the investigation, investors can help determine whether there is a basis for litigation and preserve their ability to recover damages if a lawsuit is filed and successful. Participation is confidential and does not require any financial commitment.

You May Be Entitled to Compensation

Securities investigations are time-sensitive. If you purchased or acquired Knight-Swift Transportation Holdings securities between January 2025 and October 22, 2025, you may be eligible to join any potential class action and seek compensation for your losses.

To protect your rights and participate in the investigation, complete the form below.