US motor carriers blamed “an oversupply of truckload capacity” for greater-than-expected pressure on earnings in the third quarter.
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Knight Transportation
Knight Transportation
Knight Transportation is an American provider of truckload transportation that offers services in dry van, temperature-controlled, dedicated, drayage, intermodal, and brokerage. Founded in 1990 with headquarters in Phoenix, Arizona, the company reported 2013 revenue of $969 million, up 3.5 percent year-over-year. The company also reported a net income of $70 million, up 8 percent from the previous year.
Knight Transportation employs nearly 5,000 individuals and operates a fleet of 4,000 tractors and 8,800 trailers. The transportation company has 29 operating locations across North America and provides services to the United States, as well as points throughout Canada and Mexico.
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Press Releases
17 Jul 2019
As the US economy softens, shippers are pressing truckload carriers to reverse rate hikes, but carriers say the money has already been spent -- on driver raises and new trucks.
25 Apr 2019
Some of the biggest trucking companies are riding the 2018 wave well into 2019, and they’re focused more on building profit than revenue as the US economy slows.
24 Apr 2019
The nation’s largest truckload operator is keeping a firm grip on costs and lowering its expectations for the second quarter as US motor carriers prepare for a potentially bumpy road ahead.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
17 Jan 2019
Knight-Swift projects higher fourth-quarter, first-quarter earnings, but analysts are not doing the same for 2019 truckload pricing forecasts.
16 Mar 2018
Abilene Motor Express, based in Richmond, Virginia, operates about 450 trucks with most of its business in the dry van and refrigerated space.
02 Mar 2018
Drivers who complete 8,750 miles in a month will get a penny more. An additional cent is tacked onto the bonus for each 750 miles beyond that point.
