Knight Profits Up 27.5%

Truckload carrier Knight Transportation said its net income shot up 27.5% to $11.4 million on 22.5% higher revenues of $100.2 million in the second quarter. Net income for the first half of 2004 increased 29.3% to $20.7 million on 22.6% higher revenues of $155.3 million compared to the same periods last year. “The revenue side of our business continues to more than offset the cost pressures facing

Truckload carrier Knight Transportation said its net income shot up 27.5% to $11.4 million on 22.5% higher revenues of $100.2 million in the second quarter. Net income for the first half of 2004 increased 29.3% to $20.7 million on 22.6% higher revenues of $155.3 million compared to the same periods last year.

“The revenue side of our business continues to more than offset the cost pressures facing our industry,” said chairman & CEO Kevin Knight, referencing the record-high diesel fuel prices plaguing the trucking industry.

“We improved our loaded revenue per mile by almost 6% while increasing our length of haul by over 5%,” he said. “We were successful in improving our operating ratio to 81.1% in spite of the highest fuel prices in our history coupled with even higher fuel prices in the West compared to the national average.”

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