In this episode, we kick things off by examining the nation's largest asset-based truckload carrier delivering a major earnings beat that signals fundamental market momentum. Knight-Swift Transportation crushed Wall Street's consensus estimate with third-quarter adjusted earnings per share of eighty-three cents, seven cents above expectations and above its own guidance range. Revenue climbed fourteen percent year-over-year to two point two billion dollars, driven by aggressive rate increases and the truckload unit's massive seven hundred basis point improvement in adjusted operating ratio.
Next, we explore the fintech sector where Triumph Financial's CEO highlighted arrows pointing up across nearly every key metric in his quarterly shareholder letter, validating years of heavy investment in building comprehensive financial services infrastructure for trucking. Transportation revenue growth hit thirty-seven point eight percent, easily surpassing the company's long-term target, while factoring operating margin reached forty-three percent and the firm now services about eight thousand of the more than ninety thousand factored carriers nationwide.
Finally, we cover a critical production milestone that could reshape the electric Class 8 market as Tesla confirmed it has begun volume production of its Semi truck at its Nevada factory with installed annual capacity now at twenty-five thousand units. The top variant Semi can travel five hundred miles at full eighty-two thousand pounds gross combination weight while using just a third of the energy consumed by a comparable diesel truck, with Tesla targeting its first European customer deliveries by the end of twenty twenty-seven.
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