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.

 
21 Apr 2016
Swift Transportation plans to cut another 200 tractors from its massive fleet to counter softer demand and truck pricing.
18 Mar 2016
With U.S. truckload capacity at its highest level since the recession, and freight demand slow to rise, truck shippers increasingly are resisting rate increases, the latest indices from Cass and Avondale Partners indicate.
10 Mar 2016
Loaded truck miles were up 3 percent in February at Swift Transportation, the latest trucking company to report stronger U.S. freight demand. The carrier said customer inventories are dropping, and the U.S. Census bureau also reports some inventory reduction.
10 Mar 2016
Shippers pressing for lower contract rates in early 2016 should consider the coming electronic logging mandate and its potential impact on truckload capacity in 2017, Swift Transportation executives said.
01 Feb 2016
The JOC Truckload Capacity Index contracted for the first time in eight quarters, reflecting efforts to better match capacity and demand by large carriers, many of which expect capacity to tighten in the second half of 2016.
26 Jan 2016
Swift Transportation, the largest U.S. truckload carrier, rejected the idea that the domestic freight industry is in a recession after it reported a fourth-quarter profit of $72.5 million, up 23.9 percent year-over-year.
27 Oct 2015
Swift Transportation is slowing its fleet expansion until demand catches up with capacity, the latest sign of the U.S. truckload industry preparing for less freight growth due to a slowing U.S. economy.
29 Sep 2015
Although most of the factors behind the drop in full-year earnings guidance by Swift Transportation last week were unique to Swift, trucking companies do face some broad challenges this fall.
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.