Knight Transportation Inc. reported that its revenue and net income for the third-quarter and the first nine months of 2003 were higher than they were for the same periods last year. 3Q revenue before fuel surcharges increased 16% to $84,445,000 and net income increased 27.2% to $9,463,000. For the nine months, revenue before fuel surcharge increased 18.1% to $239,786,000 and net income increased
Knight Transportation Inc. reported that its revenue and net income for the third-quarter and the first nine months of 2003 were higher than they were for the same periods last year.
3Q revenue before fuel surcharges increased 16% to $84,445,000 and net income increased 27.2% to $9,463,000. For the nine months, revenue before fuel surcharge increased 18.1% to $239,786,000 and net income increased 29.4% to $25,490,000.
Chairman & CEO Kevin P. Knight said the carrier benefitted from improved revenue per mile for the sixth consecutive quarter. He said that was in part due to opening an operating center in Denver and the company's Phoenix operations being segregated from one center to four.
Knight said the carrier plans to add 75 new units before the end of the year.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...
