September 9, 2016 - Industry News
Jerry Moyes, the founder and CEO of Swift Transportation, will retire at the end of this year, with President and COO Richard Stocking to take his place.
Tags: Retirement, Leadership, People, Swift Transportation
July 22, 2016 - Industry News
Profits for two trucking companies turned lower in the second quarter of the year while a third moved into the red, according to newly released earnings reports.
Tags: Economy, Werner Enterprises, Forward Air, Swift Transportation, Freight Rates, Fleet Earnings
July 13, 2016 - Industry News
An Arizona Court of Appeals has overturned a previous superior court ruling, allowing a more than decade old class-action lawsuit against Swift Transportation to proceed.
Tags: Lawsuits, Swift Transportation, Driver Pay, Class Action Lawsuit
April 21, 2016 - Industry News
UPDATED -- Truckload carrier Swift Transportation Co. saw its net income decline in the first quarter of the year while profit for the time definite surface transportation and logistics provider Forward Air Corp. more than doubled as refrigerated hauler Marten Transport Ltd. reported a boost in two ways.
Tags: Economy, Earnings, Forward Air, Swift Transportation, Fleet Earnings, Marten Transport
January 25, 2016 - Industry News
One of the nation’s largest trucking companies reported improved earnings for the final quarter of last year and beating its expectations for all of 2015 while another publicly held fleet's latest three-month numbers failed to live up to its annual performance.
Tags: Economy, Covenant Transport, Swift Transportation, Covenant Transportation Group, Fleet Earnings
September 25, 2015 - Industry News
Swift Transportation has lowered projections for profits for the final two quarters of the year and for the full year, due in large part to at least one accident, legal claims and expected lower freight volume.
Tags: Economy, Swift Transportation, Fleet Earnings
July 27, 2015 - Industry News
Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
Tags: Economy, Swift Transportation, Fleet Earnings, Truckload
April 27, 2015 - Industry News
Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, or diluted earnings per share of 26 cents, compared to $12.3 million, or 9 cents per share a year earlier.
Tags: Earnings, Swift Transportation
January 28, 2015 - Industry News
The Indiana-based trucking operation Celadon Group Inc. on Wednesday reported a near 67% increase in its net profit during its fiscal second quarter ending with the close last December.
January 12, 2015 - Industry News
Swift Transportation announced that it would partner with Spireon to bring GPS-based trailer tracking and management to dry van trailers added in 2015.
Tags: Telematics, Information Technology, Spireon, Trailer Tracking, Swift Transportation, Trailers
October 24, 2014 - Industry News
With year-over-year profitability improvements in its truckload, intermodal and refrigerated segments, Swift Transportation saw its net income surge to $50.2 million in the third quarter, compared to $30 million a year ago.
September 29, 2014 - Industry News
Swift Transportation has affirmed earlier expectations for a third-quarter performance of 33 cents to 37 cents adjusted earnings per share, saying its driver wage increase is having desired results.
Tags: Earnings, Swift Transportation, Driver Pay, Utilization
July 25, 2014 - Industry News
Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.
June 25, 2014 - Industry News
The U.S. Supreme Court has denied a petition by the trucking company Swift Transportation to review a lower court ruling against the company involving independent contractor driver leases.
Tags: Drivers, Owner-Operators, Litigation, Swift Transportation
May 2, 2014 - Industry News
A Teamsters Union proposal that it says addresses trucking company Swift Transportation’s “dual class stock structure” is getting a boost from the country’s largest proxy voting advisory firm.
Tags: Teamsters, Swift Transportation, Central Refrigerated Transportation, Labor Unions
May 1, 2014 - Industry News
The Arizona-based company reported net income of $12.3 million, or nine cents per diluted share, compared to first quarter 2013 profit of $30.3 million, or 21 cents per diluted share.
April 8, 2014 - Industry News
Trucking company giant Swift Transportation is warning its first quarter earnings will be lower than it previously expected, between 11 cents and 13 cents per share.
January 27, 2014 - Industry News
Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.
Tags: Earnings, Swift Transportation, Fleet Financials
December 20, 2013 - Industry News
Trucking company Swift Transportation has announced it expects adjusted earnings per share to range between 33 and 36 cents per share for the fourth quarter of 2013, compared to its previous expectation of 40 cents per share.
October 23, 2013 - Industry News
Profit for Arizona-based Swift Transportation fell in the third quarter of the year despite doing more business.
Tags: Earnings, Swift Transportation, Central Refrigerated Transportation
October 3, 2013 - Industry News
The Truckload Carriers Association has announced the name of its latest Highway Angel: David Kus of Fredericksburg, Penn., who drives for Swift Transportation. Kus is being recognized for acting quickly when a fellow motorist had an accident and then inadvertently put himself in more danger.
Tags: TCA, TCA Highway Angel, Swift Transportation
August 21, 2013 - Industry News
More than nine years after a suit was first filed against the carrier Swift Transportation, over claims it cheated drivers out of compensation, it has been certified as a class action.
Tags: Drivers, Litigation, Swift Transportation
August 7, 2013 - Industry News
Swift Transportation announced that it acquired privately held Central Refrigerated Transportation, a provider of refrigerated trucking services, in a transaction valued at $225 million, including approximately $189 million in cash and $36 million of assumed capital lease obligations and other financial debt.
Tags: Mergers & Acquisitions, Swift Transportation, Central Refrigerated Transportation
July 26, 2013 - Industry News
Swift Transportation is facing a class action lawsuit for allegedly violating the Fair Credit Reporting Act in how it conducted background checks. The suit says more than 10,000 applicants were affected.
Tags: Drivers, Swift Transportation, Fair Credit Reporting Act, Litigation
July 25, 2013 - Industry News
The multi-service trucking provider Swift Transportation saw an increase in both earnings and revenue during the second quarter of the year. The Arizona-based operation posted a profit of $42.9 million compared to $33.7 million from the same time a year ago.
Tags: Fleet Financials, Earnings, Swift Transportation
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