Knight Transportation Reports 2nd Quarter Net Up 36%
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 second quarter ended June 30, 2014.
Key financial highlights for the second quarter and first half of 2014 and 2013 were as follows:
The company previously announced a quarterly cash dividend of $0.06 per share to shareholders of record on June 6, 2014, which was paid on June 27, 2014. Kevin Knight, Chairman and Chief Executive Officer, commented:
“During the second quarter, overall demand remained strong while capacity appeared to tighten. Both our trucking and logistics segments increased revenue and operating income meaningfully, when compared to the same quarter last year.”
He continued, “In our trucking business, revenue per tractor increased 6.0%, year over year, with a 5.6% improvement in revenue per loaded mile, a 3.1% increase in our length of haul, a 140 basis point improvement in our non-paid empty mile percentage, and a 1.1% decrease in miles per tractor. In our logistics business, revenue growth was strong and gross margin percentage improved.”
Category: Featured, General Update
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