Trucking sector seen benefiting from Tesla factor
- BySeeking Alpha
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Swift Transportation Company operates as a multi-faceted transportation services company in North America. The company operates through four segments: truckload, dedicated, Swift Refrigerated, and intermodal. The truckload segment provides services through one-way movements over irregular routes utilizing company and owner-operator tractors with dry vans, flatbeds, and specialized trailing equipment in the United States, Mexico, and Canada. The dedicated segment offers tailored solutions under long-term contracts utilizing refrigerated, dry van, flatbed, and other specialized trailing equipment. The Swift Refrigerated segment primarily offers shipments for customers who require temperature-controlled trailers. This segment’s shipments include one-way movements over irregular routes as well as dedicated truck operations. The intermodal segment moves freight over the rail in containers and other trailing equipment and provides drayage services to transport loads between the railheads and customer locations. The company also offers logistics and freight brokerage services, as well as support services to its customers and owner-operators, including repair and maintenance shop services, equipment leasing, and insurance. As of December 31, 2016, it operated a fleet of 13,937 company tractors and 4,429 owner-operator tractors; 64,066 trailers; and 9,131 intermodal containers from 40 terminals near key freight centers and traffic lanes. Swift Transportation Company serves various customers, principally in the retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. Swift Transportation Company was formerly known as Swift Holdings Corp. and changed its name to Swift Corporation in November 2010. Swift Transportation Company was founded in 1966 and is based in Phoenix, Arizona with locations across the United States. Swift Transportation Company operates as a subsidiary of Knight-Swift Transportation Holdings Inc.