Knight Transportation posts flat 2Q profit
Knight Transportation on Wednesday, July 22, reported revenue and earnings for the second quarter ended June 30. For the quarter, revenue before fuel surcharge decreased 6.8 percent to $144.3 million from $154.8 million. Primarily due to decreased fuel surcharge revenue, total revenue decreased 21.4 percent to $162.1 million from $206.1 million. Operating income of $20.8 million represented a 0.3 percent increase over $20.7 million. Net income decreased 1.0 percent to $12.6 million from $12.7 million.
Year-to-date, revenue before fuel surcharge decreased 6.3 percent to $277.4 million from $296.1 million for the same period of 2008. Operating income increased 2.0 percent to $40.2 million from $39.4 million. Net income increased 0.8 percent to $24.3 million from $24.1 million.
Knight Transportation posts flat 2Q profit - CCJ Magazine