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Swift Transportation Company (SWFT)

- NYSE
  • 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
    | Comment!
  • 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%.
    • Press Release
    | Comment!
  • 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.
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  • Sep. 25, 2014, 12:45 PM
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  • Jul. 25, 2014, 2:17 PM
    • Swift Transportation (SWFT -16.7%) plunges after reporting generally in-line Q2 results but projecting Q3 profit that trails analyst estimates.
    • SWFT says it is being held back by a challenging driver market and turnover has been higher than anticipated.
    • "You see some carriers passing on rate increases to drivers, but for whatever reason Swift has had a harder time attracting and retaining drivers," a Bloomberg analyst says.
    | 2 Comments
  • Jul. 25, 2014, 12:45 PM
    | 2 Comments
  • Apr. 8, 2014, 7:25 AM
    • Shares of Swift Transportation (SWFT) fall in early trading after the company issues guidance below expectations.
    • FQ1 EPS is forecast by Swift to be $0.11-$0.13 vs. $0.23 consensus.
    • Severe weather cut into overall volume, according to the truckload carrier.
    • SWFT -0.5% premarket
    | 1 Comment
  • Dec. 16, 2013, 2:58 PM
    • Deutsche Bank is out with some commentary and price target adjustments for a number of transport names. "We expect slow growth to continue well into 2014," analyst Justin Yagerman notes, but says "this is not a bad environment for earnings growth as cost inflation is generally modest and volumes are expanding, albeit at a slower-than-desired pace."
    • Rundown: XPO reiterated at Buy, PT hiked to $32; ODFL upgraded to Buy from Hold, PT lifted to $59 from $49; UPS reiterated at Buy, PT raised to $123 from $100; UNP reiterated at Buy, PT hiked to $198 from $175; RRTS reiterated at Buy, PT lifted to $35 from $32; SWFT reiterated at Buy, PT raised to $29 from $22; JBHT reiterated at Buy, PT upped to $89 from $83; NSC reiterated at Hold, PT to $91 from $83; LSTR reiterated at Hold, PT hiked to $58 from $56; KNX reiterated at Hold, PT lifted to $19 from $15; ABFS reiterated at Hold, PT raised to $35 from $29; CSX reiterated at Hold, PT hiked to $28 from $25.
    | 3 Comments
  • Apr. 22, 2013, 5:54 PM
    After-hours top gainers, as of 5:15 p.m.: VECO +9%. SWFT +6%. ILMN +4%. WIT +4%. QCCO +3%.
    After-hours top losers: BEAT -11%. RCII -6%. HOV -5%. RFMD -5%. REGI -4%.
    | 1 Comment
  • Apr. 22, 2013, 4:24 PM
    Swift Transportation (SWFT): Q1 EPS of $0.21 beats by $0.05. Revenue of $856.8M misses by $9.75M. Shares +3.9% AH. (PR)
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  • Apr. 15, 2013, 12:53 PM
    A tough day for the trucking sector with Swift Transportation (SWFT -8.1%) leading the downward fall. The gloom is tied to a reading of the Internet Truckstop's Market Demand Index which showed a 21% sequential fall in demand for trucks. Decliners: J.B Hunt Transportation (JBHT) -1.8%, Celadon Group(CGI) -4.2%, Marten Transport (MRTN) -3.8%, Heartland Express (HTLD) -1.1%, Knight Transportation (KNX) -1.4%.
    | 1 Comment
  • Apr. 12, 2013, 3:13 PM
    Swift Transportation (SWFT +5.3%) races higher as Deutsche Bank (Buy) raises its price target on the shares to $19 from $17. 
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  • Jan. 24, 2013, 12:45 PM
    Midday top 10 gainers: JAXB +62%. NFLX +38%. SWFT +25%. TZOO +25%. HMNF +25%. CWBC +16%. YOD +16%. FDML +16%. BIOD +15%. TA +12%.
    Midday top 10 Losers: OSIS -14%. CCCL -12%. WHX -12%. FBC -12%. LOCM -11%. AAPL -11%. GV -10%. SNBC -10%. SNFCA -10%. DLHC -10%.
    | Comment!
  • Jan. 24, 2013, 10:52 AM
    Swift Transportation (SWFT +22.4%) jets higher after the company saw its Q4 profits soar past the estimate of analysts. A note in its report that it will increase capital expenditure spending by 43% this year bodes well for the trucking sector (JBHT, KNX, UACL, WERN, MRTN, CGI, HTLD), says Stephanie Link.
    | Comment!
  • Jan. 24, 2013, 9:10 AM
    Premarket gainers: NFLX +39%. SWFT +15%. ERJ +11%. NEWL +9%.
    Losers: MLNX -19%. NOK -10%. ESI -10%. AAPL -10%. LOGI -9%. KMT -7%. URRE -6%. CRUS -6%. ALTR -5%. FIO -5%. VRNG -5% . OPK -5% .
    | Comment!
  • Jan. 23, 2013, 6:52 PM
    More on Swift Transportation (SWFT): Q4 easily beat expectations, with net profit rising 27% Y/Y as the trucking company reported revenue gains across all its segments. Operating revenue increased 7.2%, while revenue excluding fuel-surcharge revenue was up 6.4%. Truckload operating revenue, which makes up the bulk of the top line, rose 3.1%, while revenue in the company's dedicated segment was up 7.7%. Intermodal revenue jumped 34%. Shares +10% AH.
    | Comment!
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Company Description
Swift Transportation Co is a multi-faceted transportation services company and a truckload carrier in North America. The Company's four reportable operating segments consist of Truckload, Dedicated, Central Refrigerated and Intermodal.