Swift swings to 4Q profit

Published January 25, 2012
Print This Post 0

Swift Transportation Co. on Wednesday, Jan. 25, announced fourth-quarter net income of $36.8 million compared with a net loss of $48.3 million during the same period in 2010. Operating revenue rose 10 percent to $860.7 million.

The Phoenix-based company said its fourth-quarter results were attributable to improved pricing and strong freight volumes during the holiday shopping season. For 2012, Swift predicts “a slow, steady growth environment similar to 2011.”

Post comment as twitter logo facebook logo
Sort: Newest | Oldest
Advertisement
Advertisement