Knight has no debt

Discussion in 'Knight' started by mike76, Jan 27, 2010.

  1. mike76

    mike76 Light Load Member

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    I guess they have better book keepers then arrow.


    http://www.forbes.com/fdc/welcome_mjx.shtml
     
    Last edited by a moderator: Jan 27, 2010
    Baack Thanks this.
  2. striker

    striker Road Train Member

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    and yet they have crappy drivers
     
  3. JustSonny

    JustSonny Big Dummy

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  4. Dna Mach

    Dna Mach Road Train Member

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    Seriously, read through the Knight forum and see how many drivers weren't paid for work performed.
     
  5. mike76

    mike76 Light Load Member

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    I'm not talking about drivers. just shock that in this hard times that a trucking company has no debt.
     
  6. Dna Mach

    Dna Mach Road Train Member

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    Sorry man my bad. I wasn't talking to you directly. Just making a general statement to guide the lost souls who will wonder in here in the future looking for a new job.

    Run ###### run ! If they don't kill you they will steal your last dollar.
     
  7. mike76

    mike76 Light Load Member

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    no problem. I read earlier that an other company has big debt. I forgot the name and cant find that story again.
     
  8. scythe08

    scythe08 Road Train Member

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    Knight has always prided themselves on being Debt free, at least when I was there. I remember them making some huge purchases, but were always debt free when shareholder meetings came around. Say what you will bout them, but the Knights are brilliant businessmen!
     
  9. Dna Mach

    Dna Mach Road Train Member

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    Oh we will say what we will. The fact that they are brilliant businessmen does nothing for truck drivers that are ripped off by them. Since this is a trucking forum we will put a dent in their tactics. Keep on keeping on Knight, until you get your wish of putting fetuses and/or illegal immigrants behind the wheel, you better be wishing you didn't keep that 15 bucks.
     
  10. Mooney

    Mooney Road Train Member

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    Knight is not exactly debt free.

    Knights financial's list $112 million in Deferred Long Term Liability Charges,

    which could be any number of things.

    That's up from $93 mill last year and $82 mill the year before.