While we attempt to identify, manage, and mitigate risks and uncertainties associated with our business, some level of risk and uncertainty will always be present.
−Removed: Our 2019 Annual Report, in the section entitled "Item 1A.
+Added: Our 2019 Annual Report and our Quarterly Report for the quarterly period ended March 31, 2020, in the section entitled "Item 1A.
Risk Factors," describes some of the risks and uncertainties associated with our business.
−Removed: In addition to the risk factors set forth in our Form 10-K, we believe the following additional risks and uncertainties should be considered in evaluating our business and growth outlook:
−Removed: Our business and results of operations have been and will be, and our financial condition may be, impacted by the outbreak of COVID-19 or other similar outbreaks, and such impact could be materially adverse.
−Removed: The global spread of the novel coronavirus (COVID-19) has created, and any other outbreaks of similar contagious diseases or other adverse public health developments could create, significant volatility, uncertainty and economic disruption.
−Removed: It is likely that the current outbreak or continued spread of COVID-19 will cause an economic slowdown, and it is possible that it could trigger a global recession.
−Removed: Risks related to a slowdown or recession are described in our risk factor titled “Our business is subject to general economic, credit, business, and regulatory factors affecting the truckload industry that are largely beyond our control, any of which could have a materially adverse effect on our results of operations” under "Item 1A.
−Removed: Risk Factors" in our 2019 Annual Report.
−Removed: The extent to which the COVID-19 outbreak or any other outbreak of disease or adverse public health development impacts our business, operations, liquidity, and financial results is highly uncertain and will depend on numerous evolving factors that we may not be able to accurately predict, including:
−Removed: the duration and geographic scope of the outbreak;
−Removed: current and potential governmental, business and individual actions taken in response to the outbreak, such as travel bans and restrictions, quarantines, shelter in place orders, social distancing measures, increased border and port controls and closures, and shutdowns, the length, scope, and severity of those actions, and the impact of those actions on global economic activity;
−Removed: the actions taken in response to economic disruption or demand uncertainty;
−Removed: expenses we may incur in connection with our response to the pandemic;
−Removed: the impact of business disruptions on the supply chain and our customers and the resulting impact on our customers' demand for our services;
−Removed: our customers' ability to pay for our services;
−Removed: the impact on the availability and cost of credit;
−Removed: our ability to provide our services, including as a result of our employees or our customers’ employees working remotely, closures of offices and facilities, and/or an increase in absences or terminations among our driving associates and non-driver personnel;
−Removed: our ability to pay our quarterly dividend at prior levels.
−Removed: Table of Contents Glossary of Terms
−Removed: KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.