Knight nets higher earnings

Truckload carrier Knight Transportation said its profits rose 20.6% for the fourth quarter of 2002 and 25% for the year because of increasing freight volume. Phoenix, AZ-based Knight said its net income jumped to $8.2 million on revenues of $76.4 million, up from net income of $6.8 million on revenues of $65.1 million for the same quarter in 2001. For the year, Knight said net income topped $27.9

Truckload carrier Knight Transportation said its profits rose 20.6% for the fourth quarter of 2002 and 25% for the year because of increasing freight volume.

Phoenix, AZ-based Knight said its net income jumped to $8.2 million on revenues of $76.4 million, up from net income of $6.8 million on revenues of $65.1 million for the same quarter in 2001.

For the year, Knight said net income topped $27.9 million on revenues of $279.4 million, compared to net income of $22.4 million on revenues of $241.7 million in 2001.

Knight added that its reported revenues do not reflect the inclusion of fuel surcharges.

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