Knight Transportation to be listed on NYSE
Dec 20, 2004 2:24 PM, from staff and wire reports
Knight Transportation Inc, whose operations include refrigerated transportation services, announced that its common stock has been accepted for listing on the New York Stock Exchange (NYSE). The company anticipates that its shares will begin trading Dec 30, 2004, on the NYSE under the symbol "KNX." Until that time, the company's shares will continue trading on the Nasdaq National Market under the symbol "KNGT."
Kevin P Knight, chairman and chief executive officer of Knight Transportation, said, "We have been very pleased with the growth and development of Knight Transportation from a single operations center in Phoenix AZ to 17 operations centers throughout the country. In the 10 years from the year of our initial public offering, 1994, through 2003, our revenue before fuel surcharges grew from $37.5 million to $326.9 million, a compounded annual growth rate of over 27%. During the same period, our earnings grew from $4.1 million to $35.5 million, also a compounded annual growth rate of over 27%. During our 10 years as a public company, we were one of only two companies to be named to Forbes Magazine's list of the 200 best small companies in America for all 10 years."
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