Knight Transportation News

Though the average price of diesel fuel in the U.S. has stayed relatively flat over the last few weeks, trucking companies are concerned about the high level they are stabilizing at, along with their efforts to recoup that extra cost to their operations.

Knight Transportation plans to add capacity in 2012, expanding its fleet and services while raising truckload rates 3 to 4 percent, company officials said.

The Swift and Knight Transportation companies on Wednesday reported profits that beat analysts' estimates for the past quarter, largely in part to growing commerce.

Knight Transportation reported a third-quarter profit of $17.5 million, or 22 cents a share, from $14.2 million, or 22 cents, a year ago.