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.

 
13 Aug 2015
The 28 percent drop in retail diesel fuel prices in the second quarter cut shipper transportation expenses and boosted trucking profits, with the publicly owned motor carriers tracked by JOC.com increasing their combined operating profit by 13 percent. Higher sustainable profits in turn fuel the expansion of capacity needed by shippers.
28 Jul 2015
Swift Transportation last year led the trucking industry in raising driver pay, and that pay raise, however costly, is paying off handsomely for the largest U.S. truckload carrier as driver retention improves and profits rise 27 percent from a year ago.
28 Apr 2015
Swift Transportation will hike driver pay for the second time in less than a year as it plans to expand truck capacity 4.5 percent across multiple divisions in 2015. Expect shipper rates to keep pace.
01 Apr 2015
The truck driver shortage in the U.S. apparently is becoming "more pervasive" despite higher pay and retention efforts by for-hire trucking companies, data released by the American Trucking Associations suggests.
02 Feb 2015
The annualized driver turnover rate at large truckload carriers rose to 97 percent in the third quarter, despite the efforts of some carriers to keep drivers by raising pay.
30 Jan 2015
The largest U.S. truckload carrier could add 700 to 1,100 trucks this year, if higher rates, higher freight demand and higher pay keep drivers in truck cabs.
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.