Knight’s Second-Quarter Earnings Improve

Truckload carrier Knight Transportation’s second-quarter profit rose to $18.2 million or 21 cents a share, from $18.1 million or 21 cents a year ago.

Revenue rose 8.7% to $180.2 million, the company said late Wednesday.

In a statement, Chairman and Chief Executive Officer Kevin Knight cited pressures on truckload carriers “as industry capacity of truckload equipment outpaced freight demand, leading to pricing pressure and lower utilization.”
 
Knight is ranked No. 40 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.