Swift Transportation Co. posted a second-quarter profit compared with a loss a year ago, the company said Thursday.
Its profit was $19.6 million, or 14 cents per share, compared with a loss of $23.1 million, or 38 cents, a year ago.
Revenue rose 15.5% to $850.5 million, the truckload carrier said in a statement.
Operating income rose 18.6% to $72.6 million, its highest second-quarter operating income in five years, CEO Jerry Moyes said.
Â© 2010, Transport Topics Publishing Group. All rights reserved.
TL Firms Post Earnings Gains On Tight Capacity, Higher Rates (7/25/2011 1:45:00 AM)
Swift Swings to Second-Quarter Profit (7/21/2011 1:45:00 PM)
Diesel Rises 4.9Â¢ to $3.899; Price Gain First in Four Weeks (7/18/2011 1:05:00 AM)
U.S., Mexico Sign Cross-Border Trucking Agreement (7/6/2011 4:00:00 PM)
Low Rolling Resistance Tires Gain Traction With Carriers Seeking to Save Fuel, Money (6/20/2011 3:15:00 AM)
Pressure Builds to Raise Pay for Drivers as Demand Grows (6/13/2011 6:30:00 AM)