Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q2 2023 Earnings Conference Call July 20, 2023 4:30 PM ET

Company Participants

Adam Miller - Chief Financial Officer and Treasurer

David Jackson - President and Chief Executive Officer

Conference Call Participants

Jack Atkins - Stephens

Scott Group - Wolfe Research

Ravi Shanker - Morgan Stanley

Ben Mohr - Deutsche Bank

Michael DiMattia - UBS

Ken Hoexter - Bank of America

Jason Seidl - TD Cowen

Christian Wetherbee - Citi

Operator

Good afternoon. My name is JP and I'll be your conference operator today. At this time I would like to welcome everyone to the Knight-Swift Transportation Second Quarter 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions] Speakers from today's call will be Dave Jackson, President and CEO; Adam Miller, CFO.

Mr. Miller, the meeting is now yours.

Adam Miller

Thank you, JP. Good afternoon, everyone, and thank you for joining our second quarter 2023 earnings call. Today, we plan to discuss topics related to the results of the quarter, provide an update on current market conditions and update our full year 2023 guidance. We have slides to accompany this call, which are posted on our investor website.

Our call is scheduled to go until 5:30 PM Eastern Time. Following our commentary, we'll answer questions related to these topics in order to get to as many participants as possible we're going to limit the questions to one per participant. If you have a second question, please feel free to get back to the queue. We will answer as many questions as time allows. If we're not able to get to your question due to time restrictions, you may call (602)-606-6349.

So to begin, I'll first refer you to the disclosure on slide two of the presentation and note the following. This conference call and presentation may contain forward-looking statements made by the company that involve risks, assumptions and uncertainties that are difficult to predict.

Investors are directed to the information contained in Item 1A Risk Factors or Part 1 of the company's annual report on Form 10-K filed with the United States SEC for a discussion of the risks that may affect the company's future operating results. Actual results may differ.

Before we get into the slides, I want to turn the call over to Dave for a few opening remarks.

David Jackson

Thanks, Adam, and we appreciate you joining us today. We're now over a year into a freight downcycle with an unusual combination of dynamics at work, to create a particularly difficult operating environment.