Swift Says Fuel Costs Rise 50%

February 17, 2000

SHARING TOOLS        | Print Subscribe
Swift Transportation Co., is telling financial analysts that its anticipates earnings for the
quarter ended March 31, 2000 will be less than $0.20 per share due to high fuel prices.

Chairman and ceo Jerry Moyes said the fleet's fuel cost for the first 45 days of 2000 had increased 43 cents per gallon compared to the same period in 1999, an increase of 50%.
At the same time, he said the pressure on profits in the entire truckload industry could "create potential acquisition opportunities for the company."

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All