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Earnings Watch: Two primarily truckload carriers, Knight and Covenant, saw higher profits in the second quarter, but lawsuit-related expenses kept Knight from reporting more.
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Net income increased to $29.6 million from $19.1 million in the first quarter of 2014 while earnings per diluted share moved higher to 36 cents from 23 cents.
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Knight Transportation has chosen the Zonar 2020 Mobile Tablet as the new telematics platform for its fleet.
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Trucking company Knight Transportation Inc. has reported significant increases in net income and revenue for the final quarter of last year and for all of 2014.
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Knight Transportation Inc. CEO Kevin Knight will step down from part of his role with the company on Jan. 1.
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With strong demand and tight capacity continuing, Knight Transportation's third-quarter profits are up more than 66% over a year ago, thanks to higher revenue per tractor and per loaded mile and fewer empty miles.
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Truckload carrier Knight Transportation has acquired all of the outstanding stock of Barr-Nunn Transportation and certain affiliates effectively buying the company.
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Trucking company and logistics provider Knight Transportation has reported a second quarter profit showing a 36% increase from the same time a year ago.
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Truckload carrier Knight Transportation has revised upward expectations for its first quarter earnings.
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Truckload companies USA Truck and Knight Transportation have reached a settlement dismissing all claims between the two in connection with litigation arising from Knight’s previously announced proposal to acquire Arkansas-based USA Truck in a $242 million bid.
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