sector: Industrials ·
industry: Rails & Roads - Freights ·
As of
25 Nov 2009
17.11USD
Knight Transportation, Inc. (Knight) is a short to medium-haul truckload carrier of general commodities. The transportation services provided by the Company are primarily asset-based dry van truckload and temperature-controlled truckload carrier services, along with non-asset-based brokerage services. The Company operates through two business segments: truckload transportation (asset-based) segment and brokerage segment (non-asset-based). Through its asset-based and non-asset-based capabilities, Knight transports, or can arrange for the transportation of, general commodities for customers throughout the United States. The Company generally focuses its dry van and temperature-controlled operations on regional short-to-medium lengths of haul. As of December 31, 2008, Knight operated 35 asset-based service centers (consisting of 29 dry van and four temperature-controlled service centers) and 12 non-asset-based brokerage branches.
BRIEF: For the nine months ended 30 September 2009, Knight Transportation's revenues decreased 18% to $483.9M. Net income decreased 7% to $37.4M. Revenues reflect a decrease in fuel surcharge revenues. Net income was partially offset by decreased salaries, wages & benefit expenses, lower fuel costs, decreased insurance & claims expenses, a fall in communication expenses and the absence of lease expenses-revenue equipment.
Knight Transportation, Inc.
5601 West Buckeye Road
Phoenix AZ 85043
P: +1602.2692000
F: +1602.2698409