Swift Transportation Company operates as a multi-faceted transportation services company. The company operates a fleet of truckload equipment in North America from approximately 40 terminals near key freight centers and traffic lanes. The company principally operates in short- to medium-haul traffic lanes around its terminals and dedicated customer locations. As of December 31, 2015, the company’s fleet comprised 15,211 company tractors and 4,653 owner-operator tractors, as well as 65,233 trailers and 9,150 intermodal containers. The company’s customers have the opportunity to ‘one-stop-shop’ for their truckload transportation needs with its suite of service offerings, which include line-haul services, dedicated customer contracts, temperature-controlled units, intermodal freight solutions, cross-border United States/Mexico and the United States/Canada freight, flatbed hauling, freight brokerage and logistics, and others. Segments The company’s four segments are Truckload, Dedicated, Swift Refrigerated, and Intermodal. Truckload: This 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: This 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. Swift Refrigerated: This segment 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: This 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. Non-reportable: The other Non-reportable segment includes the company's logistics and freight brokerage services, as well as support services provided by its subsidiaries to customers and owner-operators, including repair and maintenance shop services, equipment leasing, and insurance. 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. Marketing The company concentrates its marketing efforts on cross-selling its suite of services that it provides to existing customers, as well as on establishing new customers with shipment needs that complement its terminal network and existing routes. As of December 31, 2015, the company had a sales staff of approximately 75 individuals across the United States, Mexico and Canada, who work with management to establish and expand accounts. Strategy The company’s strategy is to increase asset productivity and pursue selected acquisitions. Seasonality As customers ramp up for the year-end holiday season, the late third and fourth quarters (year ended December 2015) 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 the company than the other three quarters. In the eastern and mid-western United States, and to a lesser extent in the western United States, during the winter season, the company’s equipment utilization typically declines and operating expenses generally increase, with fuel efficiency declining because of engine idling and severe weather sometimes creating higher accident frequency, increased claims, and more equipment repairs. 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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