QUOTE AND NEWS
DailyFinance  Apr 16  Comment 
Swift Transportation Company (NYSE:SWFT), a leader in transportation solutions and the nation's largest truckload provider, is holding its 3rd Annual Investor Day on May 2, 2014 at 9:00am EDT at the New York Stock Exchange....
DailyFinance  Apr 7  Comment 
Swift Transportation Company, Inc. (“Swift”) (NYSE: SWFT) expects Adjusted Earnings Per Share (“Adjusted EPS”) to be within the range of $0.11 to $0.13 for the first quarter of 2014. The lower than expected...
Benzinga  Apr 1  Comment 
Below are the top mid-cap trucking stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Swift Transportation Company (NYSE: SWFT) is 66.30%. Swift Transportation's operating margin for...
Benzinga  Jan 29  Comment 
Analysts at Credit Suisse upgraded Wal-Mart Stores (NYSE: WMT) from “neutral” to “outperform.” The target price for Wal-Mart has been raised from $80 to $87. Wal-Mart's shares closed at $74.67 yesterday. Analysts at Raymond James...
Benzinga  Jan 29  Comment 
In a report published Tuesday, Wunderleich Securities Analysts Nicholas Bender reiterated a Buy rating on Swift Transportation (NYSE: SWFT) and raised its price target to $26 from $24. Swift recently reported EPS on the higher end of estimates,...
StreetInsider.com  Jan 29  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Longbow+Research+Upgrades+Swift+Transportation+%28SWFT%29+to+Buy/9098707.html for the full story.
SeekingAlpha  Jan 28  Comment 
Swift Transportation Company (SWFT) Q4 2013 Earnings Conference Call Jan 28, 2014, 10:00 AM ET Executives Jason Bates - VP of Finance and IR Jerry Moyes - CEO Ginnie Henkels - EVP and CFO Analysts Presentation ...
TheStreet.com  Jan 28  Comment 
NEW YORK (TheStreet) -- Swift Transportation  was rising 8.63% to $21.64 on Tuesday after the truckload motor shipping carrier announced its fourth-quarter results. Swift reported fourth-quarter operating revenue increased to $1.075 billion...
StreetInsider.com  Jan 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Swift+Transportation+Co.+%28SWFT%29+Tops+Q4+EPS+by+1c/9091150.html for the full story.
StreetInsider.com  Jan 21  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Swift+Transportation+%28SWFT%29+to+Overweight/9070793.html for the full story.




 
TOP CONTRIBUTORS

Swift Transportation Company (NYSE:SWFT) is the largest truckload carrier in North America. The company operates a fleet of approximately 16,200 tractors, 76% of which are company owned rather than operator owned. The tractors pull a fleet of 48,600 trailers which operate out of 35 major terminals. Swift focuses on providing regional and short-to-medium transportation between it terminals. This means that the average loaded length of a haul is less than 500 miles. This relatively short haul length decreases the competition that Swift faces from railroad and longhaul trucking companies.[1]

Approximately 67% of Swift's 2009 revenue came from general truckload service. This service consists of one-way movements of goods across the US and Canada along irregular routes. The next largest source of revenue comes from dedicated truckload service, which consists of approximately 19%. This service are regularized routes and transports for customers working under long-term contracts. The remainder of the company's revenue comes from smaller segments such as cross Mexico-US border transport, logistics management services, and rail intermodal services. The company has seen the largest growth in the last two categories which respectively consists of providing network and logistic expertise and arrangements to other tucking companies and shipments of freight to rail services.[2]

The company's initial public offering of stock on the NYSE occurred on December 15, 2010. The company offered 73.3M shares each for $11. This was well below the initial range of $13-$15. The company had also originally planned to sell 67.3M shares. The original deal at the center of the range would have been worth $942.2M. However, the drop in price resulted in the total deal size of $807M. Despite this decrease, the IPO was still the second largest of 2010. Swift's IPO was second only to General Motors (GM)'s record breaking $15.8B IPO. The lead underwriters of the Swift IPO deal were Morgan Stanley (MS), Bank of America (BAC), and Wells Fargo (WFC).[3]

Swift's fiscal year 2009 total revenue was $2.6B. This corresponds to a 24% decrease over the fiscal year 2008 total revenues of $3.4B. Swfit also reported a net loss in 2009 of $436M. This was an increase in the net loss over the 2008 net loss of $147M. However, the total revenue for the first 9 months of 2010 are 5% larger than the total revenues for the same period in 2009.[4]

References

  1. SWFT S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg 1
  2. SWFT S-1/A 2010 PROSPECTUS SUMMARY "Our Business" pg 2-3
  3. Renaissance Capital - IPO Home "Swift Transportation prices IPO at $11; second largest US IPO of 2010
  4. SWFT S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg 1
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