Future partners focus on better utilizing assets as excess capacity keeps pressure on truckload rates.
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.
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Supply Chain & Logistics Intelligence in the Age of AI, IoT and Blockchain
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.
