Swift Posts Third-Quarter Profit
Swift Transportation Co. reported a third-quarter profit compared with a loss a year ago, as its trucking, intermodal and brokerage segments all improved.
Net income was $31 million, or 22 cents a share, compared with a loss of $1.2 million, or 2 cents, a year ago.
Revenue rose 14% to $863.8 million, Swift said late Wednesday.
That included a 4.8% increase to $82 million of “other revenue,” which includes revenue generated by its intermodal and brokerage businesses and service offerings to owner-operators including shop maintenance, tractor leasing and insurance.
Swift is ranked No. 7 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers and is the largest truckload carrier.
