Knight Transportation’s second-quarter earnings rose 36% to $25.8 million, or 31 cents per share on higher demand.
The Phoenix-based truckload carrier’s revenue per tractor rose 6%, helping to boost revenue 7.9% to $264 million.
In the year-earlier period, Knight reported net income of $19 million, or 24 cents per share, and revenue of $245 million.
“We are pleased with our positive results as we continued to grow our revenue and improve our operating margin. During the second quarter, overall demand remained strong while capacity appeared to tighten,” CEO Kevin Knight said in a statement.
In the second quarter, Knight formed Kool Trans, a full truckload temperature-controlled company that was created “to be attractive to professional drivers while providing high-quality, consistent service to our customers.”