Knight Income Rises, Despite Fuel Prices
April 25, 2000
Knight Transportation Inc., Phoenix, AZ had higher income for the first quarter, despite higher fuel prices. The fleet reported operating revenue of $43.6 million, up 30 percent from $33.5 million for the same quarter of 1999. Net income increased 9.9 percent to $3.9 million for the first quarter of 2000, compared to $3.5 million for the same period in 1999.
The company said higher fuel prices had an impact of approximately $0.05 per diluted share.