Swift Transportation Says Costs Of Accidents Are Taking A Toll On Their Earnings

Discussion in 'Truckers News' started by drvrtech77, Sep 29, 2015.

  1. drvrtech77

    drvrtech77 Road Train Member

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    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
     
    Last edited: Sep 29, 2015
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  3. WitchingHour

    WitchingHour Road Train Member

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    Wonder if they'll need a government bailout?
     
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  4. poppapump1332

    poppapump1332 Road Train Member

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    Better hurry only 16 months left for bailouts
     
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  5. scottied67

    scottied67 Road Train Member

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    The article points to driver facing cams not about their financial instability....
     
  6. Hick

    Hick Heavy Load Member

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    I guess the nanny cams ain't all they're cracked up to be.
     
  7. truckthatpassesyouby

    truckthatpassesyouby Road Train Member

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    The entire industry suffered in the first 3 quarters tho, right?
     
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  8. Cw5110

    Cw5110 Heavy Load Member

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    Anytime i hear something about swift all i do is laugh.
     
  9. dog-c

    dog-c Road Train Member

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    Too big to fail
    Too many trailers to haul
    Too many tractors sitting around because they have higher turnover
     
  10. vadim2200

    vadim2200 Light Load Member

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    hope they go out of business.
     
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  11. Flipflops

    Flipflops Heavy Load Member

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    Their drivers sitting at fuel isles and blocking roads with their crashes are also taking a toll on my earnings.
     
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