Related: Swift Transportation Reports Record 4th Quarter Profit
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.

Photo by Evan Lockridge

Swift Transportation Co. tripled its net income in the first quarter of the year, totaling $37.8 million, compared to $12.3 million a year earlier. Diluted earnings per share of 26 cents, compare to 9 cents a year earlier.
Total revenue edged higher by 0.7% to $1.015 billion for the Arizona-based company, while revenue minus fuel surcharge grew 9.5% to $894.9 million.
The company’s truckload revenue minus fuel surcharge for the first quarter of 2015 increased $468.8 million from $441.1 million a year earlier, while total revenue fell to $538.3 from $553.1 million. Operating income increased to $56.9 million from $31.9 million.
Dedicated revenue minus fuel surcharge grew to $196.1 million in the first quarter of 2015 compared to $157.1 million a year ago. This growth was driven by the various new contracts awarded over the last 12 months, which also drove a 23.6% increase in its average operational truck count year-over-year, according to the company. Total revenue increased from $193.7 in the first quarter of 2014 to $217.8 in the most recent quarter, while operating income increased to $14.4 million from $11.5 million.
At Swift’s Central Refrigerated Services operation, revenue minus fuel surcharge fell to $81.1 million from $83.6 million, while total revenue fell to $95.6 million from $106.8 million. Despite the declines, operating income increased to $4.8 million from $2.4 million.
The intermodal segment had revenue minus fuel surcharge of $77.3 million compared to $72.9 million a year earlier, while total revenue fell slightly to $90.4 million from $91.3 million. Its operating loss widened from $926,000 in the first quarter of 2014 to $1.2 million in the first quarter of this year, but was better than the $1.6 million loss in the first quarter of 2013.
To continue with its overall growth Swift said it is targeting a 2015 enterprise-wide fleet growth of 700 to 1,100 tractors, with 218 of them in the first quarter.
More Fleet Management

What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →
Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →How Waste Connections is Using Data, Telematics, and AI
How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.
Read More →

