Swift Exit
Phoenix-based Swift Transportation (SWFT) is the largest truckload carrier in the U.S., operating more than 15,000 tractors and 51,000 trailers in 38 major terminals across the U.S. and Mexico. With the average length of haul less than 600 miles, Swift specializes in short- to medium-haul, point-to-point shipments largely for retail companies.
Though Swift had handily beaten profit forecasts in the prior two quarters, first-quarter results were largely in-line. The various operating metrics represent little change from the prior quarter, so rather than rehash the first-quarter results, it's more instructive to parse the comments that management made a couple of weeks ago at the company's annual meeting with analysts....342 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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