Swift Transportation Company operates as a multi-faceted transportation services company. The company operates a fleet of truckload equipment in North America. As of December 31, 2014, the company’s fleet of 18,836 tractors consisted of 13,882 company tractors and 4,954 owner-operator tractors, together covering 2.1 billion miles for shippers throughout North America. The company’s fleet also included 61,652 trailers and 9,150 intermodal containers as of December 31, 2014. Segments The company operates through four operating segments: Truckload, Dedicated, Central Refrigerated, and Intermodal. Truckload segment consists of one-way movements over irregular routes throughout the United States, Mexico, and Canada. This service utilizes both company and owner-operator tractors with dry van, flatbed, and other specialized trailing equipment. Dedicated segment devotes use of equipment to specific customers and offers tailored solutions under long-term contracts. This dedicated segment utilizes refrigerated, dry van, flatbed and other specialized trailing equipment. Central Refrigerated segment represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers. These shipments include one-way movements over irregular routes, as well as dedicated truck operations. Intermodal segment includes revenue generated by moving freight over the rail in the company's containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations. The company’s other non-reportable segments include the company’s freight brokerage and logistics management services, tractor leasing revenue from its financing subsidiaries, premium revenue from its captive insurance companies, and revenue from third parties serviced by its repair and maintenance shops. Strategy The company’s strategy is to pursue selected acquisitions. Customers The company’s customers are typically large corporations in the retail (including discount and online retail), food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. Seasonality In the transportation industry, results of operations generally show a seasonal pattern. As customers ramp up for the holiday season at year-end, the late third and fourth quarters (year ended December 31, 2014) have historically been the company’s strongest volume quarters. As customers reduce shipments after the winter holiday season, the first quarter has historically been a lower volume quarter for it than the other three quarters. As a result, the company’s fourth quarter 2014, 2013 and 2012 volumes were more evenly disbursed throughout the quarter rather than peaking early in the quarter. In the Eastern and Midwestern United States, and to a lesser extent in the Western United States, the winter season typically causes declines in its equipment utilization. Regulation The company’s operations are regulated and licensed by various federal, state and local government agencies in North America, including the United States Department of Transportation, the Federal Motor Carrier Safety Administration, and the United States Department of Homeland Security, among others. History Swift Transportation Company was founded in 1965.
swift transportation co (SWFT:New York)
2200 South 75th Avenue
Phoenix, AZ 85043
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