Swift Transportation: A Company Overview
Swift operates a diverse fleet of 18,000 tractors, 60,000 trailers, and 8,700 intermodal containers from more than 40 terminals in the US and Mexico.
March 17 2015, Updated 12:05 p.m. ET
Introduction
Founded in 1966 by Jerry Moyes, Swift Transportation (SWFT) has grown to be one of the top trucking companies in the US with a large, diverse fleet. It operates 60,000 trailers, more than 18,000 tractors, and 8,700 intermodal containers. The company has ~40 terminals across the US and Mexico, which are strategically located across freight centers and traffic lanes.
Swift’s services
Swift Transportation’s services include:
- convention services
- customs brokerage
- dedicated fleet
- dry van services
- heavy haul operations
- intermodal shipment
- logistics
- temperature-controlled containers
Swift’s customer base includes companies from industries such as:
- automotive
- consumer products
- discount retail
- food and beverage
- housing and construction
- manufacturing
- paper products
- retail
- transportation and logistics
The company’s primary customers include FedEx (FDX), The Home Depot (HD), United Parcel Service (UPS), Kraft (KRFT), Dollar Tree (DLTR), Amazon (AMZN), and Walmart (WMT). Amazon, Home Depot, Dollar Tree, and Target form 6.13%, 6.56%, 0.7%, and 2.18% of the Consumer Discretionary Select Sector SPDR (XLY) holdings, respectively.
Business segments and competitors
Swift Transportation serves its customers via its four segments:
- Truckload
- Dedicated
- Central Refrigerated Services
- Intermodal
The company’s major competitors include J.B. Hunt Transport Services (JBHT), Landstar System (LSTR), and Werner Enterprises (WERN).
For more information on Swift Transportation, please refer to An investor’s guide to Swift Transportation Company.