Knight Transportation revenue and income up

Knight Transportation Inc. has announced that its revenue, income from operations and net income for the quarter ended December 31 all increased versus the same quarter 2000. The Phoenix-based truckload carrier said revenue before fuel surcharge increased 15.5% to $65,149,000 from $56,391,000 for the same quarter of 2000. For the year, revenue, before the fuel surcharge, increased 16.5% to $241,679,000

Knight Transportation Inc. has announced that its revenue, income from operations and net income for the quarter ended December 31 all increased versus the same quarter 2000.

The Phoenix-based truckload carrier said revenue before fuel surcharge increased 15.5% to $65,149,000 from $56,391,000 for the same quarter of 2000. For the year, revenue, before the fuel surcharge, increased 16.5% to $241,679,000 from $207,406,000.

For the quarter, income from operations increased 35.3% to $11,694,000 from $8,645,000 for the same period in 2000. For the 12 months, income from operations increased 23.5% to $39,552,000 from $32,023,000 for the same period in 2000.

Net income per diluted share for the quarter increased 35.7% to 19 cents, compared to 14 cents per diluted share for the same quarter last year. Net income per diluted share for the year increased 22.9% to 64 cents before giving effect to a one-time, pre-tax, non-cash write-off of $5.7 million relating to a minority investment made in a communications company during 1998 and 1999.

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