Dec 6, 2004 10:04 AM, from staff and wire reports

The board of directors of Phoenix AZ-based truckload carrier Knight Transportation Inc, whose operations include the Knight Refrigerated subsidiary, has initiated a cash dividend policy and declared the firm’s first quarterly cash dividend of $0.02 per share of common stock. The policy approved by the board anticipates a total annual dividend of $0.08 per share of common stock, payable in quarterly increments of $0.02 per share of common stock.

Knight Transportation’s first cash dividend is payable to shareholders of record Dec 15, 2004, and is expected to be paid Dec 20, 2004.