Knight Transportation Inc, which includes the Knight Refrigerated wholly owned subsidiary, announced its financial results for the quarter and 12 months ended Dec 31, 2004.
For the quarter, the Phoenix AZ-based carrier’s total revenue increased 40.7% to $126.8 million from $90.1 million for the same quarter of 2003. Revenue, before fuel surcharge, climbed 32.3% to $115.2 million from $87.1 million for the same quarter of 2003. Net income rose 46.2% to $14.6 million from $10.0 million for the same quarter of 2003.
For the 12 months ended Dec 31, 2004, total revenue surged 30.1% to $442.3 million from $340.1 million for the same period of 2003. Revenue, before fuel surcharge, advanced 26.0% to $411.7 million from $326.9 million for the comparable 2003 period. Net income increased 35.0% to $47.9 million from $35.5 million for the 2003 period.
