Swift Transportation

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April 24, 2017

Earnings Watch: Swift, Covenant Profits Plummet More Than 80%

Profits for two trucking operations in the first quarter of the year fell dramatically, both saying they battled a tough pricing environment and excess capacity.

April 12, 2017

Knight-Swift: A Merger of Mindsets

Executive Editor David Cullen says if any two companies were made for each other, Knight Transportation and Swift Transportation were. After plowing through the transcript of the conference call held for analysts to disclose the impending birth of a new trucking behemoth — Knight-Swift Transportation Holdings Inc. — he explains why in his Passing Zone blog.

April 11, 2017

The Knight-Swift Merger: Lessons from the History of Ocean Shipping

After World War II, the maritime shipping industry was dealing with pressure for larger loads, faster deliveries, new technology and rising equipment costs. How fleets responded to those challenges is instructive.

April 11, 2017

Drivers Weigh in on Swift-Knight Merger via Facebook

Knight’s Facebook page was busy Monday with questions and answers about the big merger news with Swift. Deborah Lockridge has highlights in the All That's Trucking blog.

April 11, 2017

Kevin Knight Talks About the Swift Merger [Video]

Kevin Knight shares details about the big merger announcement between Swift and Knight in this nearly hour-long video. "I think of being able to take the best practices of two amazing organizations and have both of those organizations [take] advantage [of] those best practices."

April 10, 2017

Swift-Knight Merger to Create Truckload Giant

Swift Transportation Co. and Knight Transportation Inc. announced on April 10 that they will merge via a stock swap to form a new company, Knight-Swift Transportation. The two Phoenix, Arizona-based carriers say the new company will be the truckload industry's largest.

March 13, 2017

Swift Transportation Joins the Trucking Alliance

Swift Transportation has accepted an invitation to join the Alliance for Driver Safety & Security (also known as the Trucking Alliance), which promotes safety reforms such as collision mitigation systems and speed limiters for trucks.

January 26, 2017

Earnings Watch: Swift, Marten, Heartland Report Lower Profits

Earnings reports from three more trucking fleets rolled in late Thursday afternoon, all showing lower earnings in the fourth quarter compared to the same time a year ago.

January 11, 2017

Court Finds Swift Contract Workers Were Employees

An Arizona court has ruled that independent-contractor drivers were effectively and legally employees in the latest update of a class-action lawsuit against Swift Transportation.

December 6, 2016

Swift Adopts FlowBelow Kits for Existing and New Tractors

Aerokits improve fuel economy on Swift’s tractors by a “solid 1.5%,” the procurement VP said. The payback comes in 24 to 26 months.

October 25, 2016

Earnings Watch: Swift Profit Up 4.7%, Paccar Down Nearly 20%

At a time when many trucking companies are reporting lower third quarter earnings, Swift Transportation bucked the trend, but truck and engine maker Paccar saw its earnings fall.

September 9, 2016

Swift Founder/CEO Jerry Moyes to Retire by Year's End

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.

July 22, 2016

Earnings Watch: Werner, Swift Profits Fall; Forward Air Reports Loss

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.

July 13, 2016

Class Action Lawsuit Against Swift Re-Approved By Appeals Court

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.

April 21, 2016

Earnings Watch: Swift Profits Fall, Forward Air and Marten Improve

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.

January 25, 2016

Earnings Watch: Swift Beats Expectations, Covenant Numbers Mixed

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.

October 27, 2015

Earnings Watch: Swift, UPS, PAM, Roadrunner

Some of the nation’s largest fleets have reported mixed financial results or expectations as the freight environment in the third quarter has remained soft.

September 25, 2015

Swift Transportation Revises Profit Expectations

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.

July 27, 2015

Swift Profit Jumps More Than 20%

Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.

April 27, 2015

Swift Transportation Triples First Quarter Profit

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.

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