Swift Transportation

Swift Transportation

Swift Transportation is an American truckload carrier that offers services in intermodal transportation and logistics as well as supply chain solutions. Founded in 1966 with headquarters in Phoenix, Arizona, the company reported 2013 revenue of $4.12 billion, up 3.6 percent year-over-year.

Swift Transportation recently expanded its refrigerated freight business by acquiring Central Refrigerated Service. Swift paid $189 million in cash and assumed $36 million in capital lease obligations to acquire the $453 million temperature-controlled carrier.

Swift Transportation and its primary subsidiaries — Central Refrigerated Service and Swift Intermodal — employ 19,600 individuals and operate a fleet of 18,000 tractors, 57,300 trailers, and 8,700 intermodal containers, making it the largest truckload carrier in the United States.

 
12 Dec 2014
Changes to truck driver hours of service rules under the cromnibus spending bill could increase truck capacity, giving carriers a quick productivity boost for the holidays.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
28 Oct 2014
Knight Transportation is using sustainable profit to finance sustainable growth, both through acquisition and organic growth, raising driver pay and adding trucks in a tight market.
27 Oct 2014
Swift Transportation's revenue rises, profit soars as freight volumes leave largest U.S. truckload carrier 'overbooked' in the third quarter, even with additional tractor-trailers.
21 Oct 2014
A summer of strong freight demand drove revenue up 8 percent at Werner Enterprises, which won "sustainable" rate increases from shippers and raised driver pay.
13 Oct 2014
The nation's second-largest truckload carrier is the latest trucking company to boost driver pay significantly, as driver supply tightens in trucking's peak season.
U.S. trucks on a highway.
03 Oct 2014
Trucking employment bounced back after the dog days of August, climbing 2.3 percent year-over-year in September as the U.S. labor market showed surprising strength.
02 Oct 2014
Want to be a truck driver? Con-way Truckload is willing to help pay your way. The company is doubling the amount of tuition support it offers new drivers enrolled in training programs.
Knight Transportation tractor-trailer
01 Oct 2014
Strategic acquisitions in the U.S. trucking field continue as truckload carrier Knight Transportation grabs Barr-Nunn for $112.4 million.
Swift Transportation truck
29 Sep 2014
A big hike in truck driver pay seems to be paying off handsomely for Swift Transportation. The number of Swift trucks lacking drivers has dropped about 20 percent from the end of the second quarter, and line-haul truck utilization has improved more than 3 percent.
27 Aug 2014
Truckload operators are increasingly willing to pay more to secure the truck drivers needed to deliver trucking capacity to shipper customers.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.