Fleet Management

Swift Transportation

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July 25, 2014 - Industry News

Swift Transportation Profit Falls in Second Quarter

Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.

Tags: Fleets, Earnings, Swift Transportation

June 25, 2014 - Industry News

Supreme Court Declines to Review Case Involving Swift Truckers

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

Teamsters Target Swift CEO Jerry Moyes' Power

The Teamsters claim Jeffy Moyes has too much power at Swift Transportation, and a stockholders' group is backing them up. Photo by Evan Lockridge

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: Fleets, Teamsters, Swift Transportation, Central Refrigerated Transportation, Labor Unions

May 1, 2014 - Industry News

Swift Transportation Profit Takes A Dive

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.

Tags: Fleets, Earnings, Swift Transportation

April 8, 2014 - Industry News

Winter’s Toll Felt by Swift Transportation

Photo: Evan Lockridge

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.

Tags: Fleets, Earnings, Swift Transportation

January 27, 2014 - Industry News

Swift Transportation Income Up for 2013, Falls in Fourth Quarter

Photo: Evan Lockridge

Trucking company Swift Transportation reported a drop in earnings for the final quarter of 2013 but an increase for all of last year.

Tags: Fleets, Earnings, Swift Transportation, Fleet Financials

December 20, 2013 - Industry News

Swift Lowers Fourth Quarter Earnings Expectations

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.

Tags: Fleets, Earnings, Swift Transportation

October 23, 2013 - Industry News

Swift Profit Falls Despite More Revenue

Photo: Evan Lockridge

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

TCA Recognizes David Kus for Quickly Reacting to Danger

David Kus, of Fredericksburg, Penn., drives for Swift Transportation.

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

Lawsuit Against Swift Transportation Certified as Class Action

Swift potentially faces claims from drivers over how they were paid. Photo: Evan Lockridge

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, Fleets, Litigation, Swift Transportation

August 7, 2013 - Industry News

Swift Transportation Acquires Central Refrigerated Transportation

Photo: Evan Lockridge

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 Faces Lawsuit Over Background Checks

Photo: Evan Lockridge

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

Swift Earnings Increase Due to Pickup in Truckload and Intermodal Operations

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, Fleets

April 23, 2013 - Industry News

Swift Transportation Profits Triple in First Quarter

Swift Transportation, a mainly truckload carrier, saw its first quarter profit jump much higher while earnings also increased from the same time a year ago.

Tags: Earnings, Swift Transportation, Fleet Financials

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