Knight Transportation

Business

Knight Steps Up Drive to Buy USA Truck, Criticizes ‘Significant Risk’ in Rescue Plan

Truckload carrier Knight Transportation Inc. stepped up its efforts to acquire USA Truck Inc. last week, charging that USA’s turnaround plan is “fraught with significant risk” due to persistent losses, aging equipment and weak cash flow.

November 11, 2013
Business

Knight Adds to USA Truck Stake, Answers Lawsuit

Knight Transportation Inc. raised its stake in takeover-target USA Truck Inc. to 12.4% and denied breach- of-contract allegations.

Rip Watson | Special to Transport Topics
October 15, 2013
Business

Knight Adds Profit Warning On Eve of Earnings Season

Some prominent truckload fleets will report weak third-quarter earnings in part because of lost productivity related to the hours-of-service rule change that took effect July 1, company officials and analysts said.    

October 14, 2013
Business

Knight Transportation Scales Back 3Q Earning Expectations

Bruce Harmon/Trans Pixs

Citing a weak rate environment and squeezed productivity, Knight Transportation Inc. joined two large truckload carriers in scaling back third-quarter earnings expectations.

Rip Watson | Special to Transport Topics
October 10, 2013
Business

Knight Raises USA Truck Holdings To Bolster Its Takeover Proposal

Knight Transportation Inc. stepped up its unsolicited takeover bid for USA Truck Inc. last week, a move analysts said illustrates the growing interest in acquisitions among well-capitalized fleets.

October 7, 2013
Business

Knight Says it Will Continue Pursuing USA Truck Acquisition

Michael G. Malloy/TT

Knight Transportation said Sept. 30 that is disappointed that USA Truck rejected its takeover bid, but it is “prepared to take the necessary steps to make this combination a reality.”

September 30, 2013
Business

Knight Offers to Acquire USA Truck

Bruce Harmon/Trans Pixs

Knight Transportation has offered to buy fellow truckload carrier USA Truck for $9 a share, an offer USA Truck said undervalues the company.

September 26, 2013
Business

Knight Transportation’s Profit Dips

Bruce Harmon/Trans Pixs

Knight Transportation said Wednesday its second-quarter profit declined on a “challenging operating and economic environment.”

July 24, 2013
Business

Knight Transportation’s Profit Improves

Bruce Harmon/Trans Pixs

Knight Transportation said its first-quarter profit improved despite a “challenging operating and economic environment” and industrywide concerns over finding qualified drivers.

April 25, 2013
Business

Knight’s 4Q, Full-Year Income Improve

Bruce Harmon/Trans Pixs

Knight Transportation’s fourth-quarter profit rose slightly from a year ago, while revenue improved by more than 8%, the truckload carrier said.

January 31, 2013

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