Swift Reports $19.6 Million Profit

Discussion in 'Swift Transportation' started by R-14Driver, Jul 21, 2011.

  1. R-14Driver

    R-14Driver Well-Known Member

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    Results suggest truckload carrier back on the road to profitability

    More freight and higher rates gave Swift Transportation a $19.6 million net profit in the second quarter, compared with a $23.1 million loss a year ago.

    The results indicate Swift is back on the road to sustainable profitability after several years of losses and an $806 million initial public offering last year.

    Operating revenue rose 15.5 percent year-over-year to $850.5 million in the quarter. Revenue excluding fuel surcharges climbed 7.7 percent to $624.1 million.

    Freight volumes increased 4.3 percent and truckload rates were up 4.7 percent from a year ago, the company said. Weekly revenue per tractor rose 4.8 percent.....................

    Swift Reports $19.6 Million Profit | Journal of Commerce
     
  2. FLYINGBY

    FLYINGBY Member

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    yA CHEAP ASS MOTHER FUC-----S
     

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