Knight Reports Lower 2Q Earnings

Truckload carrier Knight Transportation’s second-quarter profit fell to $12.7 million, or 15 cents a share, from $18.2 million, or 21 cents, a year ago.

Revenue rose 14.4% to $206.1 million, the company said late Wednesday.

“Although we are not satisfied with our recent results, we are encouraged and cautiously optimistic that the second quarter reflected a first step toward a more favorable relationship between freight tonnage and industry-wide trucking capacity,” said Chairman and Chief Executive Officer Kevin Knight said.

Knight is ranked No. 38 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.