Knight Transportation Inc., Phoenix, Ariz., announced its financial results for the quarter and year-to-date ended Sept. 30, 2005.

For the quarter, total revenue increased 28 percent, to $146.2 million from $114.1 million for the same quarter of 2004. Revenue, before fuel surcharge, increased 20 percent, to $127.4 million from $106.1 million for the same quarter of 2004. Net income increased 23 percent, to $15.5 million from $12.6 million for the same period of 2004. Net income per diluted share increased to $0.27 from $0.22 for the same quarter of 2004.
For the nine months ended Sept. 30, 2005, total revenue increased 27 percent, to $402.2 million from $315.6 million for the same period of 2004. Revenue, before fuel surcharge, increased 21 percent, to $358.2 million from $296.5 million for the same period of 2004. Net income increased 30 percent, to $43.2 million from $33.3 million for the same period of 2004. Net income per diluted share increased to $0.75 from $0.58 for the same period of 2004.
Chairman and Chief Executive Officer Kevin P. Knight said, "We are encouraged by another quarter of record revenue and earnings as we continued to execute our operating model focused on leading growth and profitability. For the quarter, we achieved revenue growth of over 20 percent before fuel surcharge, and an operating ratio of 80.4 percent. The strength of our operating model was highlighted recently by being named to the Forbes Magazine list of 200 Best Small Companies in America for the 11th consecutive year.”