Phoenix-based truckload and logistics services provider Knight Transportation reports profit in the second quarter of the year declined slightly, despite an uptick in revenue.
Evan Lockridge・Former Business Contributing Editor
July 24, 2013
Knight's non-asset service offerings saw revenue growth of 64%, says Kevin Knight, chairman and CEO.
1 min to read
Knight's non-asset service offerings saw revenue growth of 64%, says Kevin Knight, chairman and CEO.
Phoenix-based truckload and logistics services provider Knight Transportation reports profit in the second quarter of the year declined slightly, despite an uptick in revenue.
It had $244.8 million in revenue compared to $236.3 million from the same time a year ago, a 3.6% increase. However, net income fell 1.8% from $19.3 million to $18.9 million.
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''We have continued to expand our market share in our wide range of truckload logistic services in a challenging operating and economic environment,” said Kevin Knight, chairman and CEO. “Our consolidated revenue, before trucking fuel surcharge, increased 6% on a year-over-year basis. Our non-asset service offerings lead the way with revenue growth of 64.2%, and now make up approximately 20% of our total revenue before trucking fuel surcharge.”
He said compared to the same quarter last year, revenue per loaded mile, net of fuel surcharge, increased just less than 1% while length of haul and miles per tractor were virtually flat.
Knight’s average tractor count for the quarter decreased by 107 trucks, year-over-year, to 3,963.
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