Future partners focus on better utilizing assets as excess capacity keeps pressure on truckload rates.
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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.
Webcasts
Nov 27, 2018 2:00PM EST
Nov 29, 2018 2:00PM EST
Dec 13, 2018 2:00PM EST
12 Apr 2017
Knight-Swift merger, Schneider public offering, seen triggering more truckload acquisitions, consolidation, and soon.
10 Apr 2017
The $6 billion deal announced Monday will establish Knight-Swift Transportation as the largest truckload operator in the United States.
09 Mar 2017
After a "tougher" than expected start to the year, Swift Transportation expects more from March.
27 Jan 2017
Two of the largest US truckload carriers report rising contract rates. As pressure on pricing slowly builds, shippers want to talk.
13 Jan 2017
Trucking companies that lease equipment to drivers and treat them as owner-operators need to review their practices in light of a decision that classified drivers who leased equipment from Swift Transportation as employees.
