Pension liability claims against Yellow may take months to settle [Yahoo! Finance]
Knight-Swift Transportation Holdings Inc. (KNX)
Last knight-swift transportation holdings inc. earnings: 4/22 09:00 am
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Source: Yahoo! Finance
Previous court filings have shown as many as 20 different multiemployer pension plans (MEPPs), including Central States Pension Funds, have laid claim to the estate. The MEPPs and Pension Benefit Guaranty Corp. (PBGC), a pension insurer that is overseeing roughly $80 billion in special financial assistance (SFA) allocated by the American Rescue Plan Act, have said the matter should be decided by arbitrators. Yellow contends the claims should be litigated in bankruptcy court and that making it fight the claims in 20 different venues would leave the estate's unsecured creditors footing the legal bills. However, counsel for Yellow said at the Wednesday hearing that there were just 11 MEPPs party to the claims. A main point of contention has centered on the existence of unfunded vested benefits (UVBs). PBGC said, within its authority granted by Congress, it enacted a rule that requires MEPPs to recognize the SFA distributions over time, meaning there are pension withdrawal liabilit
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News
- Knight-Swift (KNX) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $47.00 price target on the stock, down previously from $53.00.MarketBeat
- Knight-Swift Transportation Holdings First Quarter 2024 Earnings: US$0.016 loss per share (vs US$0.65 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) had its price target lowered by analysts at Evercore ISI from $60.00 to $55.00. They now have an "in-line" rating on the stock.MarketBeat
KNX
Earnings
- 4/24/24 - Miss
KNX
Sec Filings
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/8/24 - Form PX14A6G
- KNX's page on the SEC website