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Swift’s outlook for 2015 and beyond
Now, we’ll look at Swift’s outlook for 2015. For 2015, the company expects growth across all of its segments. It expects rates to increase 4%–5%.
Swift Transportation (SWFT) generated value for its shareholders. Swift’s stock price took a positive turn. Since 2013, it rose by about 150%.
The pace of economic reforms grew in 2014. There was increased demand in the market. This led to a higher truckload and lesser freight rates.
Despite all of the positivity in the US economy and its affects on the trucking industry, there are still some major concerns in the trucking industry.
The trucking industry serves as a barometer for the US economy. The trailer orders reached the second highest point of 39,356 in November.
Fuel prices are an important economic indicator. Fuel prices account for a considerable portion of trucking companies’ expenses.
Swift’s Central Refrigerated acquisition totaled of $225 million. Central Refrigerated is a privately-held company. It’s owned by Jerry Moyes.
Swift Transportation has had a battle with debt. It used debt to finance its acquisitions. Its strategy went sour during the 2008 subprime recession.
Swift’s Central Refrigerated segment reported a 12.5% drop in revenue—minus fuel surcharge. Its revenue totaled $80.6 million. The segment was under pressure.
Swift Transportation (SWFT) is one of the strongest players in the Intermodal segment. It has a large and strong network. Its network spreads across the US.
Swift’s Dedicated segment includes the long-term contracts with its customers. The contracts guarantee that it will have adequate capacity during peak periods.
The Truckload segment performed well in 3Q14. It had strong growth in Mexico and Canada. It saw an operating ratio of 84.5% for the quarter.
Now, we’ll look at Swift Transportation’s (SWFT) financial performance in 3Q14. In the first two quarters, its results weren’t satisfactory.
Swift Transportation’s (SWFT) geographic and industrial spread is huge. It reaches its customers through its strong network of more than 40 terminals.
Swift Transportation (SWFT) was founded in 1966. It was a small startup with just one truck. It was primarily operated by the owner.
Swift Transportation (SWFT) was founded in 1966 by Jerry Moyes. The company started with a single truck in Phoenix, Arizona. It grew steadily.
Delta Air Lines returned a total of $1.35 billion to shareholders, which included $251 million of dividends and $1.1 billion in share repurchases.
Out of the 20 Wall Street analysts who cover Delta, 18 recommended a buy for the stock with almost a ~29% upside potential from the current market price.
Delta Air Lines reduced its debt by $4 billion in the last two years, receiving three rating upgrades in the last 18 months.
Delta’s new branded airfare initiative provides an opportunity to derive an annual benefit of $1.5 billion by 2018.