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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Truckload giant Swift Transportation increased its second quarter profit by more than 20% from a year ago despite an overall downturn in revenue.
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