Knight’s 1Q Income, Revenue Gain

Truckload carrier Knight Transportation said its first-quarter profit rose 5% to $16.6 million or 19 cents a share, from $15.8 million or 18 cents a year ago.

Revenue rose 11.7% to a record $166.5 million, the company said late Wednesday.

Net income as a percentage of revenue was 11.5%, the third-highest first quarter in its history, Knight’s chairman and chief executive officer said in a statement.

Knight is ranked No. 40 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.



 

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