Knight Transportation First Quarter Earnings and Net Up

Knight Transportation, Inc. (NYSE: KNX), one of North America’s largest and most diversified truckload transportation companies, has reported revenue and net income for the first quarter ended March 31, 2015.

Key financial highlights for the first quarter 2015 were as follows:

• Total revenue at $290,281,000, up 16.5%
• Net income $29,563,000, up 55.1%.

Dave Jackson, President and Chief Executive Officer, commented on the quarter, “During the quarter, truckload capacity remained constrained while demand continued to be solid. Both our trucking and logistics segments experienced profitable growth, as these businesses continue to complement one another and create value for our customers.”

Knight Transportation’s trucking segment grew revenue, excluding fuel surcharge, 25.0% as a result of adding capacity through acquisition, growing organically, and improving contract rates.

The company’s logistics segment grew revenue 25.7%, as it continue to expand our partner carrier base and identify opportunities to provide customers with additional capacity.

Category: Featured, General Update