TRANSPORT BRIEFS

TRANSPORT BRIEFS

SWIFT TRANSPORTATION

POSTS JUMP IN PROFIT

SPARKS, Nev. - Swift Transportation Co., the primarily refrigerated truckload motor carrier, said it earned

$4 million in the 1993 third quarter, up from $3.1 million in the same period last year.

Revenue totaled $74.1 million, up from $60 million.

Swift attributed the higher revenue to the company's acquisition of West's Best Freight System, a mostly refrigerated carrier located in Lewiston, Idaho, on June 1. The company also expanded its fleet to 2,304 tractors, compared to 1,850 a year ago.

PACCAR EARNINGS

DOUBLED IN QUARTER

BELLEVUE, Wash. - Paccar Inc., the truck manufacturing and financial services company, reported 1993 third-quarter earnings of $36.5 million, up

from

$18.2 million in the same period last year.

Revenue for the manufacturing sector increased in the 1993 third quarter to $884.1 million from $683.6 million last year. For the company's financial services segment, revenue increased to $41.3 million from $39.2 million.

The company attributed the gains to a 29 percent increase in net sales last quarter, compared with the same period last year. Gains in truck sales were primarily in Canada and Australia, the company said.

LAWMAKER UNVEILS

TRANSPORT STRATEGY

WASHINGTON - Rep. Nick J. Rahall, D-W.Va., chairman of the House Surface Transportation Subcommittee, last week unveiled a two-pronged transportation agenda, including a modification of the 1991 highway act and new highway project authorization legislation.

He introduced a "technical corrections" bill that makes "conforming and clarifying amendments to correct mistakes" and makes "noncontroversial minor policy changes" to ease implementation of the six-year, $151 billion Intermodal Surface Transportation Efficiency Act.

Rep. Rahall said the bill does not authorize new transportation projects or allocate funds "for any new purpose."

A second initiative, which the committee will take up next year, will implement the "national highway system" mandated by the 1991 law and serve as the vehicle for changing existing highway projects and adding new ones. That measure has not been drafted.