Knight Transportation Inc., Phoenix, Ariz., said its board of directors has declared a 3-for-2 stock split on all shares of its outstanding common stock that will be effected in the form of a stock dividend.

The stock split will entitle all shareholders of record as of the close of business on July 12, 2004, to receive one additional share of common stock for every two shares of common stock held on that date.
The additional shares will be distributed to shareholders on or about July 20, 2004. Cash will be paid in lieu of issuing fractional shares.
Knight Transportation currently has approximately 37.6 million shares of common stock outstanding, and after giving effect to the stock split, will have approximately 56.4 million shares outstanding.