TopNews

Swift Transportation

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September 9, 2016 - Industry News

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

Jerry Moyes Photo courtesy of Swift Transportation

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

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.

Tags: Economy, Werner Enterprises, Forward Air, Swift Transportation, Freight Rates, Fleet Earnings

July 13, 2016 - Industry News

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.

Tags: Lawsuits, Swift Transportation, Driver Pay, Class Action Lawsuit

April 21, 2016 - Industry News

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.

Tags: Economy, Earnings, Forward Air, Swift Transportation, Fleet Earnings, Marten Transport

January 25, 2016 - Industry News

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.

Tags: Economy, Covenant Transport, Swift Transportation, Covenant Transportation Group, Fleet Earnings

October 27, 2015 - Industry News

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.

Tags: UPS, Roadrunner Transportation, Swift Transportation, PAM Transport, Fleet Earnings

September 25, 2015 - Industry News

Swift Transportation Revises Profit Expectations

Photo by Evan Lockridge

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

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.

Tags: Economy, Swift Transportation, Fleet Earnings, Truckload

April 27, 2015 - Industry News

Swift Transportation Triples First Quarter Profit

Photo by Evan Lockridge

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

Celadon Profit Skyrockets Almost 67%

Photo: Evan Lockridge

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.

Tags: Earnings, Swift Transportation

January 12, 2015 - Industry News

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.

Tags: Telematics, Information Technology, Spireon, Trailer Tracking, Swift Transportation, Trailers

October 24, 2014 - Industry News

Swift Third-Quarter Profit Surges

Photo: Evan Lockridge

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.

Tags: Earnings, Swift Transportation

September 29, 2014 - Industry News

Swift Affirms Third Quarter Expectations, Seeking Rate Increases

Photo: Evan Lockridge

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

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: 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 19, 2014 - Industry News

Navistar and Swift Transportation Begin Pilot Program to Improve Fuel Economy

Navistar said it developed a specification for the International ProStar tractor that the company expects to deliver improved fuel economy results.

Tags: Navistar, Fuel Economy, ProStar, 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: 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: 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: 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: 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: 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, 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

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