Latest Financial News for KNIGHT TRANS INC


Slimmer packages mean slimmer profits for truckers (AP)
That bottle of condensed detergent or your lightweight laptop are making the economic downturn even more difficult to bear for the nation's trucking companies, an economist said Monday.

Economist: Economy is worst in nearly 30 years (AP)
A senior Wachovia Corp. analyst said Monday the U.S. economy is in its worst state in nearly three decades, even excluding the yet-unknown effects of the spiraling credit crisis.

Trucking labor crisis will worsen, economist says (AP)
The U.S. truck driver shortage will probably get worse as the U.S. economy starts to recover, the chief economist for the sector's main trade group said Monday.

Trucking assn says infrastructure 'top priority' (AP)
New legislation to boost spending on U.S. roads, highways and bridges is the most important initiative for the trucking industry in the coming year, the chief executive of the sector's main trade association said Monday.

Transportation payrolls fell more than 16 percent (AP)
The Labor Department's nonfarm payrolls report for September showed a drop of 16.1 percent from August in the transportation and warehousing segment of the report.

Truckers gains moderate after House OKs 'rescue' (AP)
Some trucking stocks lost part of their gains Friday, while others lost ground, after the House approved the $700 billion bailout package.

Ahead Of The Bell: Trucking conference set to open (AP)
Some of the trucking industry's top officials -- as well as executives from the railroads, technology providers and consulting agencies that work with them -- will be in New Orleans this weekend for the annual conference hosted by the sector's main trade association.

Ahead Of The Bell: Truckers (AP)
Two analysts lowered earnings forecasts for several trucking companies on Thursday, suggesting that trucking volumes will worsen as a key indicator points to a weaker-than-expected manufacturing activity.

Truckers mostly fall in the 3Q amid weak demand (AP)
After being driven up by hopes that freight demand might be improving, shares of most trucking companies finished the third quarter lower as investors remain uncertain about whether trends have bottomed.

Truckers pull back after House rejects bailout (AP)
Shares of trucking companies fell extended declines Monday after the House rejected an emergency $700 billion emergency rescue plan.

Trucking group urges action to ease financial woes (AP)
The primary trade group representing the U.S. trucking industry on Thursday urged Congress to swiftly stabilize the country's financial system, pointing to severe consequences for the sector and the broader economy.

Goods carried by US trucks declines in August (AP)
Total goods carried by trucks in the U.S. fell in August compared with the previous month, marking the largest month-to-month drop since March, a major industry trade group said.

Sector Snap: Trucking shares fall (AP)
Trucking stocks fell Tuesday despite a drop in oil prices, and an analyst pointed to sluggish demand in the sector. Lee Klaskow, an analyst for Longbow Research, said his firm's truckload survey for August showed little change in demand "and a less optimistic outlook for the remainder of 2008."

Sector Snap: Analysts predict weak trucking peak (AP)
Shares of trucking companies fell Monday, as the broader market stumbled and two analysts suggested that the sector's stocks will be weighed down by weakness in near-term demand.

Sector tries to keep on trucking as turnover soars (AP)
It's hard to be a trucker these days, as high fuel prices threaten layoffs and drive some carriers out of business. But new initiatives are starting to take shape as companies look to attract and retain good drivers.

Analyst: Truckers YRC, Swift risky in shaky market (AP)
As the toll from the still-unraveling financial crisis is being counted, one analyst suggested that some trucking companies may be at risk.

Truckers plan, prepare supplies as Ike approaches (AP)
Several of the nation's largest trucking and logistics companies were moving their equipment and employees Friday ahead of the impending landfall of Hurricane Ike.

Trucking shares skid as broader market falls (AP)
Shares of leading trucking companies fell with the broader market Tuesday, as a Stephens Inc. analyst noted "sloppy" freight volumes in August and early September.

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