Knight, Celadon, Swift Announce Strong Fourth Quarters
Three major truckload carriers, Knight Transportation, Celadon Group and Swift Transportation, each announced profitable fourth quarter results
Three major truckload carriers, Knight Transportation, Celadon Group and Swift Transportation, each announced profitable fourth quarter results.
Knight Transportation Inc. reported total revenue increased 19% to $224.1 million from $188.3 million in the 2010 quarter. Revenue before fuel surcharge increased 14.6% to $181 million compared to $158 million previous year. Net income per diluted share increased 30.0% to $0.22 compared to $0.17 in the 2010 quarter, and net income increased 22.7% to $17.5 million compared to $14.2 million in 2010.
Celadon reported its revenue for the quarter increased 6.3% to $141.5 million in the 2011 quarter from $133.1 million in the 2010 quarter. Freight revenue, which excludes fuel surcharges, increased to $112.4 million in the 2011 quarter from $111.6 million in the 2010 quarter. Net income increased 86.2% to $5.4 million in the 2011 quarter from $2.9 million for the same quarter last year. Earnings per diluted share increased to $0.24 in the 2011 quarter from $0.13 for the same quarter last year.
Total Revenue for Swift 10.3% to $860.7 million and net revenue increased 5.1% to $695.3 million compared to the same quarter of 2010. Earnings per diluted share was $0.29 compared to $0.28 per share in the same quarter of 2010. Trucking Revenue, which excludes fuel surcharges, increased 4.2% to $600.4 million. The company's Weekly Trucking Revenue per Tractor of $3,018 exceeded $3,000 for the third quarter in a row.
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