Swift Predicts Lower 1Q Earnings

Swift Transportation Co. said March 29 that its first-quarter earnings will be 5 to 8 cents per share, due to bad weather and high fuel costs at the start of the year.

The forecast compares analysts’ estimates of 11 cents per share, Swift said in a statement.

Trucking volumes measured by total loaded miles will improve 5% to 6% from a year ago, while the average rates per loaded mile will rise about 4% year-over-year, Swift said.

Swift, ranked No. 10 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers, of U.S. and Canadian for-hire carriers, will release its earnings on April 16.