The costs of accidents appears to be taking a toll on mega carrier Swift Transportation, which just reduced their full-year 2015 earnings forecast by more than 10%.
According to the Wall Street Journal, Swift blamed their earnings miss on “charges related to accident and worker’s compensation claims” as well as the settlement of a class-action gender-discrimination lawsuit.
this HTML class. Value is http://www.livetrucking.com/swift-transportation-says-cost-of-accidents-are-taking-toll-on-earnings
Swift Transportation Says Costs Of Accidents Are Taking A Toll On Their Earnings
Discussion in 'Truckers News' started by drvrtech77, Sep 29, 2015.
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Wonder if they'll need a government bailout?
dog-c Thanks this. -
Better hurry only 16 months left for bailouts
Tropsnart and WitchingHour Thank this. -
The article points to driver facing cams not about their financial instability....
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I guess the nanny cams ain't all they're cracked up to be.
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The entire industry suffered in the first 3 quarters tho, right?
vadim2200 Thanks this. -
Anytime i hear something about swift all i do is laugh.
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Too big to fail
Too many trailers to haul
Too many tractors sitting around because they have higher turnover -
hope they go out of business.
scottied67 Thanks this. -
Their drivers sitting at fuel isles and blocking roads with their crashes are also taking a toll on my earnings.
dog-c, SHO-TYME and scottied67 Thank this.
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