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4/25/2012 5:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Knight Transportation’s 1Q Income Rises


Bruce Harmon/Trans Pixs

Knight Transportation said its first-quarter profit improved from a year ago on higher revenue.

Net income edged up to $10.5 million, or 13 cents a share, from $9.9 million, or 12 cents, a year ago.

Revenue rose 17.7% to $219.5 million, the company said in a statement late Wednesday.

The first quarter included a previously announced $4 million stock compensation charge. Excluding the charge, net income would have been $14.4 million, or 18 cents per share, the company said.

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

By Transport Topics

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