Swift Reports Higher 2Q Net Income
Swift Transportation Co.’s second-quarter profit rose from a year ago on higher revenue at its truckload and intermodal operations.
Net income rose to $42.9 million, or 30 cents per share, from $33.7 million, or 24 cents, a year ago. Revenue rose 2.9% to $898.1 million.
Revenue excluding fuel surcharges at its truckload segment rose 3.9% to $468.6 million, Swift said in a statement.
Revenue excluding fuel surcharges at its intermodal segment increased 4.7% to $66.9 million.
Its dedicated services segment’s revenue excluding fuel surcharges rose slightly to $148.7 million from $147.5 million.
Swift Transportation is ranked No. 7 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.
