Many US shippers and truckload carriers are putting off contract talks after the economic disruption caused by the COVID-19 pandemic interrupted them in mid-stride.
Wednesday August 5, 2020
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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.
Swift Transportation recently expanded its refrigerated freight business by acquiring Central Refrigerated Service. 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.
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Aug 20, 2020 2:00PM EDT
Aug 31, 2020 2:00PM EDT
27 Apr 2020
Trucking companies large and small are focused on getting through the next month or two, after which they hope freight volumes will begin to recover. But that recovery may be a long one.
10 Mar 2020
Large US truckload carriers that engaged in mergers and acquisitions and expanded specialized services like dedicated trucking fared much better in 2019 than those that relied more on traditional dry-van business, according to JOC's 2020 Top 25 US Truckload Carrier Rankings, prepared by SJ Consulting Group.
08 Jan 2020
Knight-Swift and DAT test a truckload rate forecasting system as shippers and their transportation and logistics providers push out the boundaries of supply-chain visibility.
09 Dec 2019
Although a large carrier, Celadon’s fleet size and revenue are just drops in the US truckload bucket. The biggest impact of its bankruptcy may be in Mexico.
29 Oct 2019
US motor carriers blamed “an oversupply of truckload capacity” for greater-than-expected pressure on earnings in the third quarter.
17 Jul 2019
As the US economy softens, shippers are pressing truckload carriers to reverse rate hikes, but carriers say the money has already been spent -- on driver raises and new trucks.
25 Apr 2019
Some of the biggest trucking companies are riding the 2018 wave well into 2019, and they’re focused more on building profit than revenue as the US economy slows.
24 Apr 2019
The nation’s largest truckload operator is keeping a firm grip on costs and lowering its expectations for the second quarter as US motor carriers prepare for a potentially bumpy road ahead.
20 Apr 2019
Although the e-commerce giant doesn't describe itself as a third-party logistics provider (3PL), Amazon has surpassed major global players such as DHL and Kuehne + Nagel in 3PL revenue.
17 Jan 2019
Knight-Swift projects higher fourth-quarter, first-quarter earnings, but analysts are not doing the same for 2019 truckload pricing forecasts.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
27 Apr 2017
Future partners focus on better utilizing assets as excess capacity keeps pressure on truckload rates.
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.
09 Dec 2016
US shippers are moving more goods, thanks to holiday demand, but not necessarily paying more for transportation.
24 Oct 2016
The largest US truckload carrier cut more than 1,600 tractors from its overal fleet in the past year, but added 130 trucks to its dedicated business, which increased revenue and profit.
09 Sep 2016
Largest US truckload carrier sees increase in demand from contract customers, but rates still down 1 to 1.5 percent.
08 Sep 2016
Jerry Moyes, who built Swift Transportation into the largest US truckload carrier, will retire at the end of the year, the company said Thursday.
29 Jul 2016
Despite an uptick in volume in July, trucking executives see a long road ahead before truckload rates rise.
22 Jul 2016
Swift Transportation's efforts to control capacity weren't enough to stave off a decline in earnings.
07 Jun 2016
The spring freight bounce fell flat for the Phoenix-based trucking company.
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.
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.
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