Knight Reports Record Fourth-Quarter, ’06 Income, Revenue
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Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.
Fourth-quarter net income rose to $20.1 or 23 cents a share, from $18.5 million or 21 cents a year earlier. Revenue rose 6.3% to $174.9 million.For the full year, net income rose to $73 million from $61.7 million for 2005, while revenue jumped 17.2% to $664.4 million.The company’s revenue growth was “fueled by a combination of fleet expansion, increased revenue per mile, and our asset purchase of Roads West Transportation, during the fourth quarter,” Chairman and Chief Executive Officer Kevin Knight said in a statement.Knight is ranked No. 40 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.
Fourth-quarter net income rose to $20.1 or 23 cents a share, from $18.5 million or 21 cents a year earlier. Revenue rose 6.3% to $174.9 million.For the full year, net income rose to $73 million from $61.7 million for 2005, while revenue jumped 17.2% to $664.4 million.The company’s revenue growth was “fueled by a combination of fleet expansion, increased revenue per mile, and our asset purchase of Roads West Transportation, during the fourth quarter,” Chairman and Chief Executive Officer Kevin Knight said in a statement.Knight is ranked No. 40 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.
