News

Knight nets 18.7% increase in 3Q income

Oct. 18, 2002

Truckload carrier Knight Transportation said its third-quarter net income jumped 18.7% to $7.4 million on a 14.1% rise in revenue to $72.8 million compared to the same quarter last year. For the first nine months of 2002, Knight's revenue increased 15% to $203.0 million and its net income jumped 26.5% to $19.7 million compared to the same period in 2001. Chairman & CEO Kevin Knight added that his

Sean Kilcarr

Truckload carrier Knight Transportation said its third-quarter net income jumped 18.7% to $7.4 million on a 14.1% rise in revenue to $72.8 million compared to the same quarter last year.

For the first nine months of 2002, Knight's revenue increased 15% to $203.0 million and its net income jumped 26.5% to $19.7 million compared to the same period in 2001.

Chairman & CEO Kevin Knight added that his company achieved both revenue and net income increases despite having fewer trucks on hand, due to slow tractor deliveries during the first and second quarters.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.