Knight Transportation Inc, the Phoenix AZ-based truckload carrier offering refrigerated, dry van, and brokerage services, announced its financial results for the first quarter ended March 31, 2007. For the quarter, total revenue increased 11.7% to $166.5 million from $149.1 million for the same quarter of 2006. Revenue before fuel surcharge rose 12.0% to $144.8 million from $129.3 million for the same quarter of 2006. Net income climbed 5.0% to $16.6 million from $15.8 million for the same period of 2006.
Kevin P Knight, chairman and chief executive officer, said, “This quarter represented the 49th consecutive quarter, since going public, that Knight Transportation generated higher year-over-year operating income. Our net income, as a percentage of revenue before fuel surcharge, for this quarter was 11.5%, which represented the third-highest first quarter in our history as a public company. Our operating ratio was 81.2%, which represented our third-best first quarter operating ratio in our history.”
