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Truckload carrier and logistics provider Knight Transportation announced Wednesday its fourth quarter 2013 profit increased 12.7% to $20.1 million or 25 cents per share, from $17.7 million or 22 cents per share a year earlier.
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Trucking company Knight Transportation has upwardly revised estimates of its financial performance, ahead of releasing full numbers later this month
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Knight Transportation is keeping up its public campaign to buy rival truckload carrier USA Truck, despite being told the company is not interested in being purchased.
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Truckload carrier Knight Transportation has reported slightly higher third quarter revenue while income is lower from the same time a year earlier.
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The Arkansas-based fleet USA Truck has improved financial results for the third quarter and the first nine months of the year, with a 13.5% increase in revenue and a much smaller net loss than a year ago.
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Truckload carrier USA Truck has filed a breach of contract lawsuit against Knight Transportation, claiming Knight used USA Truck's confidential information to begin what it calls a “creeping hostile acquisition” of the Arkansas-based fleet.
Read More →Phoenix-based truckload carrier Knight Transportation, has responded to USA Truck’s recent rejection of its purchase offer, saying it's disappointed and announcing it's upped its ownership share of the company.
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UPDATED -- Knight Transportation wants to buy USA Truck, but so far USA Truck hasn't been interested, so Phoenix-based Knight Thursday went public with its proposal to acquire all of the outstanding share of USA Truck.
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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.
Read More →The first quarter earning reporting season continues with Knight Transportation and Old Dominion Freight Line reporting healthy increases in revenue and profit, with Landstar nearly hitting a record and UPS continuing to prove why it’s the biggest trucking operation in the country.
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