Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/23/2014 11:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Knight Transportation’s 1Q Earnings Jump 26%


Bruce Harmon/Trans Pixs

Knight Transportation’s first-quarter earnings rose 26% to $19.1 million, or 23 cents per share, powered by stronger rates.

The Phoenix-based truckload carrier’s revenue per mile per tractor rose 4.9%, helping to boost revenue 5.8% to $249.2 million.

In the year-earlier period, Knight reported net income of $15.2 million, or 19 cents per share, and revenue of $235.4 million.

“We experienced greater demand for our capacity as well as a stronger used equipment market,” said CEO Kevin Knight in a statement.

“Our improved performance was a result of our focus on improving production, recruiting and developing driving associates . . . intensifying our cost-control efforts and realizing the benefits of a solid used equipment market,” he said.

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

By Transport Topics


Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement