3 unchanged sentences
These variable interest rates are impacted by changes in short-term interest rates.
−Removed: We primarily manage interest rate exposure through a mix of variable rate debt (weighted average rate of 1.1% as of June 30, 2020) and fixed rate equipment lease financing.
−Removed: Assuming the level of borrowings as of June 30, 2020, a hypothetical one percentage point increase in interest rates would increase our annual interest expense by $7.7 million.
+Added: We primarily manage interest rate exposure through a mix of variable rate debt (weighted average rate of 1.1% as of September 30, 2020) and fixed rate equipment lease financing.
+Added: Assuming the level of borrowings as of September 30, 2020, a hypothetical one percentage point increase in interest rates would increase our annual interest expense by $7.4 million.
Commodity Price Risk
2 unchanged sentences
Historically, we have been able to recover a majority of fuel price increases from our customers in the form of fuel surcharges.
−Removed: The weekly average of diesel price per gallon in the US decreased to $2.44 for the second quarter of 2020 from an average of $3.12 in the second quarter of 2019.
−Removed: The weekly average diesel price per gallon in the US decreased to an average of $2.67 for year-to-date June 30, 2020 from an average of $3.07 for year-to-date June 30, 2019.
+Added: The weekly average of diesel price per gallon in the US decreased to $2.43 for the third quarter of 2020 from an average of $3.02 in the third quarter of 2019.
+Added: The weekly average diesel price per gallon in the US decreased to an average of $2.59 for year-to-date September 30, 2020 from an average of $3.05 for year-to-date September 30, 2019.
We cannot predict the extent or speed of potential changes in fuel price levels in the future, the degree to which the lag effect of our fuel surcharge programs will impact us as a result of the timing and magnitude of such changes, or the extent to which effective fuel surcharges can be maintained and collected to offset such increases.
3 unchanged sentences
Accordingly, fuel price fluctuations may still negatively impact us.
+Added: Table of Contents Glossary of Terms
+Added: 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.