Swift Transportation

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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.

January 28, 2015

Celadon Profit Skyrockets Almost 67%

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

Swift Deploys Telematics System on New Dry Van Trailers

Swift Transportation announced that it would partner with Spireon to bring GPS-based trailer tracking and management to dry van trailers added in 2015.

October 24, 2014

Swift Third-Quarter Profit Surges

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

Swift Affirms Third Quarter Expectations, Seeking Rate Increases

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.

July 25, 2014

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.

June 25, 2014

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.

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