BNET Industries
Last Fiscal Year Sales:$3.1B
- Private
- US
Dow Jones Description
They transport goods swiftly. Swift Transportation Co. based in Phoenix, AZ, was founded in 1965. The company is a truckload carrier operating throughout the United States. Its fleet includes over 18,000 tractors and 51,000 trailers made up of refrigerated, flatbed, and other specialized trailers. Primary freight transport includes retail and discount department store merchandise, manufactured goods, paper products, non-perishable food, beverages and beverage containers and building materials. The company's largest customer is Wal-Mart. Annual revenue is $3.2 billion and employees number 23,000. The company had the honor of receiving the 'Carrier of the Year' award for 2005 from Quaker Oats, Ryder Logistics, Wal-Mart, FedEx, Target, Dollar Tree, Lowe's and Rite Aid.
Number of Employees 21,900
Peer Companies
NAICS Code General Freight Trucking, Long-Distance, Truckload: 484121
Recent Events
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Swift chooses The Shipper Solution
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Swift Transportation Co. Selects Bayard Advertising Agency For Recruitment Advertising And Brand Management - Quick...
News & Analysis
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swift transportation co. - All News and Analysis
Mergers, Acquisitions Drop to 77 for Year; Private Equity Continues Busy Trend
Mergers/ClosingsThe transportation industry tallied 77 mergers and acquisitions in 2007, a drop from the 90 reported in 2006 but an increase from the 62 transactions on record for 2005.Among the most notable of the year were two buy-outs led by company heads: Jerry Moves acquired majority shares in dry van...
Swift Transportation shareholders approve buyout
Shareholders of Swift Transportation Co., the third-largest U.S. trucking company by sales, approved a $2.5 billion buyout Friday by the company's founder, Jerry Moyes. The board of Phoenix-based Swift agreed in January to Moyes's $31.55-a-share cash offer to take the company private. Holders of more than...
Moyes to Buy Remaining Shares Of Swift for $1.8 Billion in Cash
A second effort by Swift Transportation Co. founder Jerry Moyes resulted in a definitive agreement for him to pay $1.8 billion in cash to purchase the 61% of the truckload carrier he does not already own and assume all of Swift's debt, the corporation said Jan. 19.Investment bank Morgan Stanley...
Shareholder seeks to buy Swift
PHOENIX -- The largest shareholder of Swift Transportation Co. has proposed buying the trucking company for about $2.2 billion, the company said Monday. Wall Street bet the price would go higher. Jerry Moyes, a current member of the Swift board and its former chief executive officer and board...
Issues Updates for Swift Transportation Co.
M2 PRESSWIRE-20 April 2006-marketgainer.com: Issues Updates for Swift Transportation CoC1994-2006 M2 COMMUNICATIONS LTD RDATE:20042006 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the...
Swift Transportation chief cancels stock purchase
Swift Transportation Co. said Tuesday that chief executive Jerry Moyes will cancel his purchase of 203,000 shares bought before the company raised its profit forecast, pushing the stock to the biggest one-day gain. Moyes is reversing the trades "to avoid any appearance of impropriety," spokesman David Barry said...
Carrier Leaders Warn Group About Overexpansion of Fleets
TRUCKLOAD CARRIERS ASSOCIATIONWAIKOLOA, Hawaii - A panel of truckload carrier executives said the next few years should be good ones, as demand for freight hauling grows, but cautioned strongly of the danger posed by overexpansion of fleets."Our industry should be in good shape," said Jerry Moyes, chairman and chief executive...
Swift Transportation Co. expects first-quarter profit
Swift Transportation Co., the third-largest U.S. trucking company, on Thursday forecast first-quarter profit of 3 cents to 8 cents a share including costs for job cuts, less than analysts' reduced estimates. The earnings are being hurt by weather, a shortage of drivers and lower-than-expected revenue, chief financial officer...
Swift sues two brokers over insurance lapse
Swift Transportation Co. is suing two insurance brokers, claiming they allowed the carrier's umbrella insurance policy to lapse in 2001.Swift filed a suit against the two brokers, who had also served as longstanding consultants to the truckload carrier, to recover $6.25 million of $11.0 million in damages Swift paid following...
Swift says it expects fuel costs to reduce first-quarter profit
Swift Transportation Co., a national truckload carrier, said firstquarter profit would probably be lower than analysts had expected because of higher fuel costs. Earnings per share for the quarter ending March 31 would be between 7 and 11 cents a share, the company said in a March 28 statement. Swift's...
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