UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No.)*

                           Knight Transportation Inc.
                                (Name of Issuer)

                                     Common
                         (Title of Class of Securities)

                                    499064103
                                 (CUSIP Number)

                                  July 31, 2004
             (Date of Event which Requires Filing of this Statement)

Check the following box if a fee is being paid with this statement ___. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).




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1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     William Blair & Company, L.L.C.
     36-2214610
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2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                 (a)  |_|
                                                                 (b)  |_|
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3.   SEC USE ONLY


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4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     222 W. Adams
     Chicago, Illinois  60606
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  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           3,808,967
               -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          -0-
               -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         3,808,967
               -----------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            -0-
--------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     3,808,967
--------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                          |_|
--------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     10.1%
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

     BD, IA
--------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!




ITEM 1.

      (a)   Name of Issuer

            Knight Transportation Inc.

      (b)   Address of Issuer's Principal Executive Offices

            5601 West Buckeye Road
            Phoenix, AZ  85043

ITEM 2.

      (a)   Name of Person Filing

            William Blair & Company, L.L.C.

      (b)   Address of Principal Business Office or, if none, Residence

            222 W. Adams Street
            Chicago, Illinois 60606

      (c)   Citizenship

            U.S.A

      (d)   Title of Class of Securities

            Common

      (e)   CUSIP Number

            499064103

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:

      (a)   |X|   Broker or Dealer registered under Section 15 of the Act

      (b)   |_|   Bank as defined in section 3(a)(6) of the Act

      (c)   |_|   Insurance Company as defined in section 3(a)(19) of the act

      (d)   |_|   Investment Company registered under section 8 of the
                  Investment Company Act

      (e)   |X|   Investment Adviser registered under section 203 of the
                  Investment Advisers Act of 1940

      (f)   |_|   Employee Benefit Plan, Pension Fund which is subject to the
                  provisions of the Employee Retirement Income Security Act of
                  1974 or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)

      (g)   |_|   Parent Holding Company, in accordance with section
                  240.13d-1(b)(ii)(G)(Note: See Item 7)

      (h)   |_|   Group, in accordance with section 240.13d-1(b)(1)(ii)(H)




ITEM 4. OWNERSHIP

      If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.

      (a)   Amount Beneficially Owned

            3,808,967

      (b)   Percent of Class

            10.1%

      (c)   Number of shares as to which such person has:

            (i)   sole power to vote or to direct the vote
                  3,808,967

            (ii)  shared power to vote or to direct the vote
                  -0-

            (iii) sole power to dispose or to direct the disposition of
                  3,808,967

            (iv)  shared power to dispose or to direct the disposition of
                  -0-

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

      If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following / /.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

      If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

      If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary.




ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

      If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the identity of each member
of the group.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

      Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.

ITEM 10. CERTIFICATION

      The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):

      By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.




                                    SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                                             8-05-04
                                                 ------------------------------
                                                              Date


                                                       /S/ Michelle Seitz
                                                 -------------------------------
                                                            Signature


                                                     Principal & Manager of
                                                 Investment Management Services
                                                 -------------------------------
                                                           Name/Title

      ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
                FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)