Our fleet practices environmentally friendly strategies as an integral part of our business model. As a member of the U.S. Environmental Protection Agency’s SmartWay Transport Partnership Program since its inception in 2015, Kold Trans has just been honored to receive the SmartWay Excellence Award. Through the SmartWay program, we are able to measure the positive effects on the environment that are a result of these practices.
PHOENIX, Jul 23, 2014 (BUSINESS WIRE) — Knight Transportation, Inc. KNX, -0.03% , one of North America’s largest and most diversified truckload transportation companies, today reported revenue and net income for the second quarter ended June 30, 2014.
Key financial highlights for the second quarter and first half of 2014 and 2013 were as follows:
The company previously announced a quarterly cash dividend of $0.06 per share to shareholders of record on June 6, 2014, which was paid on June 27, 2014.
The Phoenix-based trucking company also launched a line of temperature-controlled trucks.
Phoenix-based trucking company Knight Transportation Inc. boosted second-quarter revenue as demand increased, the company reported Wednesday.
“Overall demand remained strong while capacity appeared to tighten,” CEO Kevin Knight said. “We are encouraged by the positive momentum from our results over the past several quarters and feel well positioned for future growth and success.”
PHOENIX–(BUSINESS WIRE)–Knight Transportation, Inc. (NYSE: KNX), one of North America’s
largest and most diversified truckload transportation companies, today
reported revenue and net income for the second quarter ended June 30,
Key financial highlights for the second quarter and first half of 2014
and 2013 were as follows:
Knight has strong second quarter as capacity tightens.
They recently formed Kold Trans, LLC to hire an executive (Jon Isaacson, formerly of Central Refrigerated) that it believes will be a solid addition to the company. Kold Trans is a full-truckload temperature-controlled transportation company that will be marketed and operated separately from Knight Refrigerated. While Kold Trans has the potential to cannibalize Knight’s existing reefer business, management feels this is unlikely (at least near term) as the customer base is large enough to support both businesses. In addition, the tight reefer market suggests an abundance of opportunities exist in the near-term. The first group of Kold Trans drivers is in orientation and the company is taking delivery of new tractors. Kold Trans will operate ~50 tractors initially, but this is expected to grow to 150-200 units over the next 12-18 months.