Knight Transportation Third Quarter Revenues and Net Rise

Knight Transportation, Inc. (NYSE: KNX), one of North America’s largest and most diversified truckload transportation companies, today reported revenue and net income for the third quarter ended September 30, 2014 rose 13.5% and 66.7% respectively.

Kevin Knight, Chairman and Chief Executive Officer, commented on the quarter, ”During the quarter we improved our revenue, excluding fuel surcharge 16.3%, while improving our consolidated operating ratio by 510 basis points. The overall demand environment remained strong while capacity continues to be tight.”

He continued, “In our trucking business, revenue per tractor, excluding fuel surcharge, increased 7.2%, year over year, with a 6.5% improvement in revenue per loaded mile, a 2.5% increase in our length of haul, an 80 basis point improvement in our non-paid empty mile percentage, and miles per tractor essentially flat.”

In the company’s logistics business, revenue growth was strong at 55.3% and gross margin percentage improved as well.

Category: General Update