Swift Posts Higher 3Q Profit
Adjusted earnings per share rose to 39 cents, from 29 cents a year ago, the truckload carrier said in its report.
Revenue increased to $1.075 billion from $1.032 billion.
Swift said it implemented various strategies during the quarter to improve driver recruitment and retention, including a “significant” pay increase, more “driver-friendly” initiatives and enhanced driver interaction.
“We believe drivers will remain a key focal area for the entire industry as we move into the fourth quarter and 2015 — and one we expect to monitor closely,” the company said in an Oct. 23 letter to shareholders.
The Phoenix-based carrier ranks No. 6 on the Transport Topics Top 100 list of U.S. and Canadian for-hire carriers.
