Swift Transportation Company (SWFT) - NYSE
  • Fri, Jul. 22, 11:23 AM
    • The trucking stocks is revving higher after solid earnings reports from Swift Transportation (SWFT +12.4%) and Werner Enterprises (WERN +4.8%). Though quarterly profit dropped at both companies, commentary from management indicated the freight market is poised to improve.
    • Notable movers include Covenant Transportation Group (CVTI +7.9%), Celadon Group (CGI +4.7%), Heartland Express (HTLD +4%), Knight Transportation (KNX +3.9%), and Old Dominion Freight Line (ODFL +3.1%).
    | Fri, Jul. 22, 11:23 AM
  • Tue, Jun. 21, 10:02 AM
    • The trucking and logistics sector is rattled by a weak read from Werner Enterprises (WERN -8.1%) on market conditions.
    • The company warns it's having trouble with rate negotiations and faces driver wage pressure. Q2 EPS guidance was taken lower by Werner.
    • Decliners in the sector off in early trading include Swift Transportation (SWFT -6.4%), Knight Transportation (KNX -6%), Heartland Express (HTLD -2.9%), Roadrunner Transportation Systems (RRTS -3.3%), Celadon Group (CGI -7.3%), Old Dominion Freight Lines (ODFL -2.3%), and XPO Logistics (XPO -1.4%).
    • Previously: Werner Enterprises guides below expectation for Q2 (June 20)
    | Tue, Jun. 21, 10:02 AM | 3 Comments
  • Tue, Jun. 21, 9:12 AM
    | Tue, Jun. 21, 9:12 AM
  • Mon, Jun. 20, 5:36 PM
    | Mon, Jun. 20, 5:36 PM | 17 Comments
  • Mon, Mar. 14, 1:20 PM
    • Avondale Partners sees a tough road to higher earnings for the trucking sector due largely to deteriorating macro factors.
    • New capacity coming online just as demand weakens doesn't bode well for pricing, according to the boutique investment firm.
    • Cautions is raised on Swift Transportation (SWFT -3.7%), Celadon Group (CGI -5.4%), Covenant Transportation Group (CVTI -8.3%), J.B. Hunt Transport Services (JBHT +0.2%), Knight Transportation (KNX -3%), Marten Transport (MRTN -0.1%), USA Truck (USAK -0.6%), and Werner Enterprises (WERN -3.2%).
    | Mon, Mar. 14, 1:20 PM
  • Mon, Feb. 29, 12:31 PM
    • JPMorgan issues a harsh assessment of the trucking sector based off of analysis of how fundamentals are setting up.
    • The investment firm warns on "tepid" demand which will pressure rates. "We recommend caution on the stocks and forecast a deeper-than-expected 2016 EPS trough and slower 2017 recovery relative to consensus estimates," reads the JP note.
    • Knight Transportation (KNX -3%) and Heartland Express (HTLD -2.1%) are rated at Underweight. Swift Transportation (SWFT -3.6%) is given a Neutral rating off of balanced risk and reward profile. JP sees Werner Enterprises (WERN +0.1%) as an outlier in the sector due to its diversification, and tags Werner with an Overweight rating.
    • Other trucking stocks showing some weakness today include Landstar Systems (LSTR -1.2%), Roadrunner Transportation Systems (RRTS -3.8%), Marten Transport (MRTN -1.1%), and JB Hunt Transport Services (JBHT -1.4%).
    | Mon, Feb. 29, 12:31 PM
  • Mon, Feb. 22, 3:48 PM
    • Shares of CSX (CSX +3%) and other railroad operators are higher after BofA Merrill issues a round of upgrades in the group, citing industry volume comparisons that will get easier in April.
    • The firm thinks CSX should enjoy multiple expansion as coal pressures stabilize amid the return of intermodal growth and volume stabilization; BofA, which upgrades CSX to Buy from Neutral and hikes its price target to $28 from $25, sees productivity gains driving double-digit sustainable earnings growth longer-term and operational improvements to offset some inflation costs.
    • In addition to upgrading CSX, BofA raises Union Pacific (UNP +2%), Knight Transportation (KNX +2.8%) and Swift Transport (SWFT +2.7%) to Buy from Neutral, and lifts Genesee & Wyoming (GWR +2.4%) and Werner Enterprises (WERN +1.1%) to Neutral from Underperform.
    | Mon, Feb. 22, 3:48 PM | 3 Comments
  • Mon, Feb. 22, 10:19 AM
    • Shipping stocks are on the move after the large jump in crude oil prices eases some anxiety over demand.
    • Notable gainers include Diana Shipping (DSX +12.1%), Navios Maritime Partners (NMM +6.5%),  Frontline (FRO +6.6%), and Scorpo Bulkers (SALT +5.9%).
    • The trucking sector is also ahead of broad market averages off the oil news. ArcBest (ARCB +4.4%), Swift Transportation (SWFT +1.6%), Celadon Group (CGI +2%), and Knight Transportation (KNX +2.6%) (also upgraded) are on the rise.
    • Railroad industry players CSX (CSX +3.8%) and Genesee & Wyoming (GWR +3.7%) are up sharply.
    • On the vehicle manufacturing/supplier side, solid gainers include Meritor (MTOR +6.7%), Dana Holding (DAN +2.7%), Westport Innovations (WPRT +3.9%), Oshkosh (OSK +3.8%), Navistar (NAV +5.4%), and PACCAR (PCAR +2.3%).
    • The Detroit Three are all in rally mode as well. Ford (NYSE:F) and GM (NYSE:GM) are up 2%, while Fiat Chrysler Automobiles (NYSE:FCAU) is 3.3% higher.
    • Previously: Oil prices rebound, WTI heads back above $30 (Feb. 22 2016)
    | Mon, Feb. 22, 10:19 AM | 34 Comments
  • Tue, Jan. 26, 1:08 PM
    • Trucking stocks race higher to cut into 2016 losses as traders react to some firming up in the energy sector.
    • Notable gainers include Swift Transportation (SWFT +16.6%), YRC Worldwide (YRCW +11.1%), ArcBest (ARCB +10%), Heartland Express (HTLD +7%), Universal Truckload Services (UACL +6.7%), and Marten Transport (MRTN +5.6%).
    • Hertz Global (HTZ +8.3%), Ryder (R +6.5%), and Avis Budget Group (CAR +8%) are also strong on the day off the some of the same optimism over demand in the U.S.
    | Tue, Jan. 26, 1:08 PM | 5 Comments
  • Dec. 17, 2015, 4:58 PM
    • Knight Transportation (NYSE:KNX) -9% AH after cutting Q4 earnings guidance below consensus, now seeing EPS of $0.31-$0.33 vs. $0.37 analyst consensus estimate and below its prior outlook for $0.36-$0.38.
    • KNX says Q4 volumes remain similar to 2014, but that it as experienced significantly fewer non-contract opportunities, resulting in revenue per total mile trending lower than originally expected which hurt EPS by $0.03-$0.04.
    • Trucking peers: ODFL, YRCW, UACL, HTLD, RRTS, CGI, WERN, CVTI, MRTN, LSTR, SWFT, USAK, R, JBHT.
    | Dec. 17, 2015, 4:58 PM
  • Dec. 2, 2015, 12:17 PM
    • Transportation stocks are lower on the day on some broad macroeconomic concerns. Some BAML downgrades in the sector are also weighing on sentiment.
    • Trading is notably weak in CXS Corp (CSX -2.3%), American Railcar Industries (ARII -2.6%), Kansas City Southern (KSU -1.9%), YRC Worldwide (YRCW -5.7%), Heartland Express (HTLD -3.7%), Swift Transportation (SWFT -3%), FedEx (FDX -0.9%), UPS (UPS -0.5%), Air Transport Services (ATSG -1.7%), and Matson (MATX -2.5%).
    • A notable exception to the sector slide is airline stocks which are showing strength after Delta Air Lines (DAL +2.7%) reported some eye-opening capacity constraint. The major carrier increased passenger revenue per available seat mile sand load factor during November. A 3% decline in crude oil prices is also factoring in to the rally in airline stocks.
    • United Continental (UAL +3.2%), Hawaiian Holdings (HA +2.9%), Southwest Airlines (LUV +2.3%), and Republic Airways Holdings (RJET +4.4%) are all solidly higher.
    • The Dow Jones Transportation Average is down 0.8% off the conflicting forces of gravity.
    • Related ETFs: IYT, XTN, JETS.
    | Dec. 2, 2015, 12:17 PM | 5 Comments
  • Jun. 24, 2015, 11:16 AM
    • Select railroad and trucking stocks trade weak after Q1 GDP figures are revised in-line with expectations. A read yesterday on durable goods was weak.
    • Stocks from the transportation sector drifting lower include Knight Transportation (KNX -4.5%), Swift Transportation (SWFT -5.5%), ArcBest (ARCB -3.9%), YRC Worldwide (YRCW -2.2%), Greenbrier (GBX -1.6%), Heartland Express (HTLD -2.6%), Kansas City Southern (KSU -2.2%), Celadon Group (CGI -2%), JB Hunt Transport (JBHT -2.1%), Trinity Industries (TRN -1.6%).
    • FedEx (FDX -0.9%) and UPS (UPS -0.8%) are also trailing broad market averages.
    | Jun. 24, 2015, 11:16 AM | 1 Comment
  • Apr. 27, 2015, 3:02 PM
    • Trucking stocks are notably weak today with several analyst downgrades out in the sector.
    • Knight Transportation (KNX -4%) received one of the harsher actions with Wolfe Research downgrading the stock to an Underperform rating.
    • Other analysts cite apprehension in the sector into key earnings reports.
    • Trucking decliners: Celadon Group (CGI -3.2%), Swift Transportation (SWFT -2.8%), Heartland Express (HTLD -2.9%), Werner Enterprises (WERN -6.9%), USA Truck (USAK -6.4%), P.A.M. Transportation (PTSI -4.9%), Roadrunner Transportation Systems (RRTS -2%).
    | Apr. 27, 2015, 3:02 PM
  • Oct. 23, 2014, 7:27 PM
    • Swift Transportation's (NYSE:SWFT) Q3 operating ratio improved 90 bps to 90.9% and adjusted operating ratio improved 110 bps to 88.2%.
    • Consolidated Average Operational Truck Count increased more than 500 trucks Y/Y.
    • Truckload Adjusted Operating Ratio improved 290 bps Y/Y.
    • Guidance: FY'14 EPS $1.29 - 1.33 vs. $1.27 consensus; FY'15 EPS $1.62 - 1.72 vs. $1.65 consensus.
    • Shares +2% AH.
    • Previously: Swift Transportation beats by $0.04, misses on revenue
    | Oct. 23, 2014, 7:27 PM
  • Oct. 23, 2014, 4:24 PM
    • Swift Transportation (NYSE:SWFT): Q3 EPS of $0.39 beats by $0.04.
    • Revenue of $1.07B (+3.9% Y/Y) misses by $30M.
    • Shares +5.6%.
    | Oct. 23, 2014, 4:24 PM
  • Sep. 25, 2014, 3:57 PM
    • Swift Transportation (SWFT +9.6%) is one of the session's few strong gainers after confirming Q3 earnings guidance of $0.33-$0.37 per share on "cautiously optimistic" results from driver wage increases.
    • SWFT raised wages in early August to entice skilled drivers to join the company and end high driver turnover, and the company says driver turnover of its over-the-road fleets has since improved more than 16 percentage points Q/Q, and is now well below industry average.
    • SWFT says it passed on some of the higher wage costs to its customers, and sees revenue per loaded mile excluding fuel surcharges rising 4%-5% Y/Y.
    | Sep. 25, 2014, 3:57 PM
Company Description
Swift Transportation Co. engages in the provision of transportation solutions. It operates through the following segments: Truckload, Dedicated, Central Refrigerated, and Intermodal. The Truckload segment consists of one-way movements over irregular routes throughout the United States, Mexico,... More
Industry: Trucks & Other Vehicles
Country: United States