Skip to content

Knight Transportation's 2Q Income Improves

7/27/2011 5:00:00 PM

Company Cites Concerns on Continued High Fuel Costs

Knight Transportation said late Wednesday its second-quarter profit rose from a year ago on stronger truckload markets and improvement in its brokerage business.

Net income rose to $16.4 million, or 20 cents a share, from $15.8 million, or 19 cents, a year ago. Revenue rose 23.2% to $228.5 million.

Despite the improved results, escalating fuel prices continue to negatively impact operating results, Knight said in a statement.

The company â€œexperienced strength in many of [its] truckload marketsâ€� and was â€œespecially pleased with the revenue increase in our brokerage business,â€� Chairman and CEO Kevin Knight said.

“Driver availability remains tight across the industry,� he said, but added, “We feel well-positioned to source and develop high quality drivers. Our recruiting effort is performing ahead of last year.�

Phoenix-based Knight Transportation is ranked No. 31 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

© 2010, Transport Topics Publishing Group. All rights reserved.


Freight Tonnage Jumps 6.8% in June (8/1/2011 4:00:00 AM)
Diesel Fuel Price Average Reaches $3.949 After Third Straight Increase (8/1/2011 1:00:00 AM)
Knight Transportation’s 2Q Income Improves (7/27/2011 5:00:00 PM)
California Port Terminal Fee to Rise 20% (6/23/2011 10:45:00 AM)
iTECH: Cracking Down on Fuel Card Fraud (6/20/2011 9:00:00 AM)
Low Rolling Resistance Tires Gain Traction With Carriers Seeking to Save Fuel, Money (6/20/2011 3:15:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA