Knight’s Fourth-Quarter Income Drops

Truckload carrier Knight Transportation’s fourth-quarter profit fell to $13.8 million, or 16 cents a share, from $18.9 million, or 23 cents, a year ago.

Revenue rose 6.6% to $186.5 million, the company said late Wednesday.

For the full year, Knight earned $63.1 million, or 72 cents a share, down from $73 million, or 84 cents the previous year.

Knight is ranked No. 40 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.