Swift Transportation (SWFT) was founded in 1966 by Jerry Moyes. The company started with a single truck in Phoenix, Arizona. It grew steadily. Now, it’s ranked among the top trucking companies in the US.
Swift has a fleet of over 18,000 tractors, 60,000 trailers, and 8,700 intermodal containers. It has 40 terminals strategically located across freight centers and traffic lanes in the US and Mexico. It offers a broad and unique suite of service and equipment offerings. It has an expert team of employees that help simplify customers’ complex logistics needs.
The company boasts a diverse customer base that includes many blue chip companies across various industries—like Amazon, Procter & Gamble (PG), Walmart, FedEx, Kraft, and Kimberly-Clark (KMB). Amazon is part of the VanEck Vectors Retail ETF (RTH).
The above graph shows Swift Transportation’s revenue distribution by service offering. The company provides a wide range of services. Its services include:
- Dry Van
- Swift Logistics
- Temperature Controlled
- Flat Bed
- Heavy Haul
- Trans Mex
- Convention Services
To learn more about these services, read Important terminology in the trucking industry. Swift Transportation also provides its customers with other services. It provides them with end-to-end solutions to meet all of their needs.
A look back
Swift started its operations in 1966. It had a single truck that transported cotton and steel between Arizona and Los Angeles. At the time, it was called Common Market. It slowly grew from a startup to a $125 million carrier with 800 trucks. The company’s growth can be attributed to its internal growth with existing customers. It can also be attributed to its strategic acquisitions.
Today, Swift generates over $3.4 billion in revenue. It operates over 16,000 trucks.