MENU
SEARCHWith 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.
Photo: Evan Lockridge
Swift Transportation Co. saw a big upturn in its third quarter profit, according to numbers it released late Thursday.
Net income surged from $30 million in the third quarter of last year to $50.2 million in the most recent quarter, a gain from 21 cents per diluted share to 35 cents per diluted share. Total revenue increased from $1.03 billion to $1.07 billion, a more than 4% increase.
“We were able to generate year-over-year profitability improvement in our truckload, intermodal and Central Refrigerated Service segments,” the company said in a statement.
As for the dedicated segment, Swift said it is saw sequential improvement, in-line with expectations. The fleet says it will "continue to target a return to historical profit margins by year end, as we completely absorb the significant number of contract awards this year.
"Above all, the operational trends we experienced in each segment as the third quarter developed were very positive.”
Swift said it was able to achieve these results despite the cost of recently announced driver wage increases.
During the third quarter the Arizona-based trucking services provider saw consolidated revenue, less fuel surcharge, increased 5.8% compared to the same time last year, while its average truck count increased by 500. Loaded miles per tractor, per week, increased 2.2%.
Revenue, less fuel surcharge, in the company’s truckload segment was essentially flat compared to a year ago at $460 million. Revenue grew 31.7% in the dedicated trucking segment, totaling $197.7 million. Central Refrigerated Service reported a 12.5% drop in revenue, minus fuel surcharge, totaling $80.6 million. Revenues were up 4.5% in the intermodal segment, totaling $80.1 million.
More details are on the Swift Transportation website.
How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.
Read More →
When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.
Read More →
As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.
Read More →
The long-awaited registration system promises a single portal — and tighter fraud controls.
Read More →
CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.
Read More →
Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.
Read More →
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.
Read More →
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
