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.

 
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.
Swift truck
25 Jul 2014
Swift Transportation, the largest U.S. truckload operator, got even bigger in the second quarter, but potential growth was restrained, the company said, by a “challenging driver market.”
Trucking dashboard
16 May 2014
The first quarter was warmer for trucking than you might think — at least financially.
28 Apr 2014
Swift Transportation increased its revenue per loaded mile 3 percent in the first quarter as truck pricing rose and the company was paid for repositioning trucks. The president of the largest U.S. truckload carrier expects rates to rise even higher as the year unfolds.
08 Apr 2014
Contract truckload rates are set to rise higher than anticipated, BB&T says, as carrier try to recoup high costs and compensate for lower earnings following this winter's disruptive storms.
Schneider National is No. 2 in the JOC’s ranking of the Top 25 Truckload Carriers in 2013.
25 Mar 2014
When it came to expansion, the 25 largest truckload carriers idled their engines last year, increasing their combined revenue by just 0.6 percent to $25.6 billion. The growth they did enjoy came largely from acquisitions, a trend expected to continue in 2014 as truckload demand rises.
Swift Transportation
29 Jan 2014
Swift Transportation reported its net income in the fourth quarter of 2013 plummeted 17.2 percent year-over-year to $45.3 million...
23 Dec 2013
The 10 largest dedicated contract carriers increased revenue 3.9 percent in 2012, a big drop from a 17.5 percent surge in 2011. But their performance, which in part reflected weaker overall trucking demand in 2012 and a difficult comparison with the previous year’s strong gains in dedicated business, differed greatly from company to company.
16 Dec 2013
Dedicated contract carriage, long a “one-customer, one-fleet” business, is evolving beyond those roots as more complex, leaner supply chains recast shipper distribution models. Increasingly, shippers are deploying dedicated truck fleets alongside their own vehicles and for-hire tractor-trailers in “hybrid” freight networks that also might include intermodal rail as they seek the best way to deliver goods.
Knight Transportation truck
13 Nov 2013
The Journal of Commerce Truckload Capacity Index rose unexpectedly in the third quarter to a four-year high, but that doesn’t mean more tractor-trailers rolled onto highways and up to shipper docks. Instead, the leap in the index reflects a gathering concentration of capacity at the top of trucking’s food chain, as larger motor carriers acquire and absorb smaller companies to secure drivers, equipment and freight revenue.