Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

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.

by Staff
July 25, 2014
Swift Transportation Profit Falls in Second Quarter

 

2 min to read


Profit for the trucking company Swift Transportation fell in the second quarter of the year despite an increase in revenue.

Net income for the Arizona-based business totaled $40.2 million, or 28 cents per diluted share, for the period, compared to $49.9 million, or 36 cents per diluted share, the same time a year ago, a 19.4% decline.

Ad Loading...

Revenue increased to $1.076 billion from $1.029 billion during the same time, a 4.6% gain.

Truckload utilization as measured by loaded miles per tractor per week improved 1.8% year over year, according to the company, while truckload pricing increases continue to gain momentum, resulting in a 3.7% increase in total revenue, excluding fuel surcharge, per loaded mile compared to the second quarter of 2013. Operating income for this segment totaled $69.6 million for the quarter, up from $64.6 million a year earlier.

Despite this, total truckload revenue fell to $575.5 million from $588.7 million during the second quarter of last year. Swift said this was due to shifting of resources to support the growth of its dedicated segment as well as the increased challenges in the over the road driver market.

Ad Loading...

Total dedicated segment revenue increased from $223.1 in the most recent quarter from $182.7 a year earlier, while operating income was $21.1 million, down from $24.3 million a year earlier.

“We have seen a dramatic increase in demand for our dedicated service offering over the past six to nine months, which has led to strong growth, but the associated start up costs have placed short-term pressure on margins,” the company said.

The company’s Central Refrigerated Services units saw a drop in total revenue to $106.9 million during the second quarter from $111.2 a year earlier, while its intermodal business total revenue was $100.9 million, up from $91 million during the same time period.

Operating income for Central Refrigerated Services fell to $3.7 million from $5.7 million while intermodal reported a $495,000 loss compared to the $788,000 gain during the comparable time periods.

More information is on the Swift Transportation website.

More Fleet Management

Red Kodiak-branded autonomous tractor with Charger-branded trailer backed up to warehouse
Fleet Management•October 30, 2026

Kodiak Lines Up Fleets for Driverless Trucking

An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.

Read More →
Illustration with Star of David and EEOC logo
Fleet Management•by News/Media Release•October 28, 2026

ITS Logistics Settles Religious Harassment Case

The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.

Read More →
Truck on divided interstate highway driving toward sunrise
Fleet Management•October 27, 2026

Your Trucks Are Busy. That Doesn’t Mean They’re Winning.

High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.

Read More →
Ad Loading...
ATA economist Bob Costello speaking beside a graph showing truckload operating costs rising as freight revenue per mile declined after 2022.
Fleet Management•by Deborah Lockridge•October 22, 2026

Why This Trucking Recovery Is Different

Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.

Read More →
PS Coach tablet interface showing a driver’s coaching inbox, safety event video and coaching advice for a harsh-braking event.
Fleet Management•by News/Media Release•October 21, 2026

Platform Science Adds Dispatch and Safety Tools

Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.

Read More →
Screen capture showing PrePass Intelligence data on tolls
Fleet Management•by News/Media Release•October 21, 2026

PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data

PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.

Read More →
Ad Loading...
Computer screen showing examples of what fleets could ask Motive AI Agents to do
Fleet Management•by Staff•October 20, 2026

Motive Adds AI Agents for Fleet Operations

New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.

Read More →
Graphic art with a heavy-duty tractor trailer and a work truck with the words "trivia lunch"
Fleet Management•by Lauren Fletcher•October 19, 2026

Can You Beat Our Trucking Trivia Challenge?

Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?

Read More →
Four horizontal and two vertical video screens show different aspects of BeyondTruck's new compatibility engine
Fleet Management•by Deborah Lockridge•October 19, 2026

BeyondTrucks Adds Rules Checks to Dispatch

New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.

Read More →
Ad Loading...
Gloved hand fueling a truck beside a graphic listing ATRI’s top three trucking concerns for 2026: fuel prices, lawsuit abuse reform and CSA.
Fleet Management•by Deborah Lockridge•October 19, 2026

Diesel Prices Hijack Trucking’s Worry List

ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.

Read More →