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Knight Transportation Announces Opening of Gulfport, MS Brokerage Branch
PHOENIX-(Business Wire)-January 30, 2008 - Knight Transportation, Inc. (NYSE: KNX) announced the official opening of its newest brokerage branch. This new branch is located in Gulfport, MS, and will be operated by Knight Brokerage, LLC, a wholly owned subsidiary of Knight Transportation, Inc. This new branch, located within our Gulfport dry van service center, represents the thirteenth brokerage branch in our growing nationwide network. Knight Brokerage was created in mid-2005 and complements our existing network of twenty-seven dry van and four refrigerated service centers. Chairman and CEO Kevin Knight had the following comments:
"We continue to see customer interest in our brokerage capabilities and are excited with this most recent opening in the Gulfport market. The development of our brokerage model strengthens our relationships with our customers, giving them more options. It is also a less capital intensive way for us to grow our business. This expansion represents our continued progression as we build our brand as the premier national carrier, providing local service to the markets we serve."
This press release contains forward-looking statements that involve risks, assumptions, and uncertainties that are difficult to predict. Statements that constitute forward-looking statements are usually identified by words such as "anticipates," "believes," "estimates," "projects," "expects," "plans," "intends," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of our management and are subject to significant risks and uncertainties. The following factors, among others, could cause actual results to differ materially from those in forward-looking statements: the risks inherent in entering a new regional market, including but not limited to unfamiliarity with pricing and operational issues; the risk that customer relationships may be difficult to obtain or that we may have to reduce rates to gain customer relationships in the new region; and the risks and uncertainties identified from time-to-time in our filings with the Securities and Exchange Commission.
