We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Swift Transportation Company Class A (delisted) | NYSE:SWFT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 29.49 | 0 | 01:00:00 |
|
|
|
|
|
Delaware
|
|
001-35007
|
|
20-5589597
|
|
(State or other jurisdiction of incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
|
|
|
|
|
|
|
2200 South 75th Avenue, Phoenix, Arizona
|
|
85043
|
|||
(Address of principal executive offices)
|
|
(Zip Code)
|
|||
|
|
|
|
|
|
|
|
|
(602) 269-9700
|
|
|
(Registrant's telephone number, including area code)
|
|||||
|
|
|
|
|
|
|
|
|
N/A
|
|
|
(Former name or former address, if changed since last report)
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
|||||
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
||||
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
||||
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
||||
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
|
|
|
|
•
|
our estimated ranges of GAAP Diluted EPS and Adjusted EPS for the first two quarters of 2017;
|
•
|
our expectation that the first half of 2017 will be challenging for our company and the industry as a whole;
|
•
|
that the second half of 2017 will improve as the ELD mandate draws near;
|
•
|
our belief that anticipated strategy improvements, leaner cost infrastructure, and improving market conditions will help our profitability in the future;
|
•
|
our belief that increased competition for drivers is prevalent across the industry;
|
•
|
that we do not expect to repurchase any of our shares of common stock during the first half of 2017;
|
•
|
our belief that there are synergistic opportunities in operating the grocery and Swift Refrigerated lines of business more closely together;
|
•
|
our expectation that the results of the first quarter of 2017 will be worse than originally expected for our Truckload segment;
|
•
|
projections regarding first quarter 2017 revenue xFSR per loaded mile in our Truckload and Refrigerated segments, weekly revenue xFSR per truck in our Dedicated segment, and volumes in our Truckload and Intermodal segments;
|
•
|
projections regarding the nature, amount, and timing of changes in truck count; and
|
•
|
that network density will enable growth and operational efficiencies in our Intermodal segment.
|
•
|
economic conditions, including future recessionary economic cycles and downturns in customers’ business cycles, particularly in market segments and industries in which we have a significant concentration of customers;
|
•
|
increasing competition from trucking, rail, intermodal, and brokerage competitors;
|
•
|
our ability to execute or integrate any future acquisitions successfully;
|
•
|
increases in driver compensation to the extent not offset by increases in freight rates and difficulties in driver recruitment and retention;
|
•
|
additional risks arising from our contractual agreements with owner-operators that do not exist with Company drivers;
|
•
|
our ability to retain or replace key personnel;
|
•
|
our dependence on third parties for intermodal and brokerage business;
|
•
|
potential failure in computer or communications systems;
|
•
|
seasonal factors such as severe weather conditions that increase operating costs;
|
•
|
the regulatory environment in which we operate, including existing regulations and changes in existing regulations, or violations by us of existing or future regulations;
|
•
|
the possible re-classification of owner-operators as employees;
|
•
|
changes in rules or legislation by the National Labor Relations Board, Congress, or states, and/or union organizing efforts;
|
•
|
our Compliance Safety Accountability rating;
|
•
|
government regulation with respect to our captive insurance companies;
|
•
|
uncertainties and risks associated with our operations in Mexico;
|
•
|
a significant reduction in, or termination of, our trucking services by a key customer;
|
•
|
our significant ongoing capital requirements;
|
•
|
volatility in the price or availability of fuel, as well as our ability to recover fuel prices through our fuel surcharge program;
|
•
|
fluctuations in new and used equipment prices or replacement costs, and the potential failure of manufacturers to meet their sale and trade-back obligations;
|
•
|
the impact that our leverage may have on the way we operate our business and our ability to service our debt, including compliance with our debt covenants;
|
•
|
restrictions contained in our debt agreements;
|
•
|
adverse impacts of insuring risk through our captive insurance companies, including our need to provide restricted cash and similar collateral for anticipated losses;
|
•
|
potential volatility or decrease in the amount of earnings as a result of our claims exposure through our captive insurance companies and third-party insurance;
|
•
|
the potential impact of the significant number of shares of our common stock that is eligible for future sale;
|
•
|
goodwill impairment;
|
•
|
that we do not currently pay dividends;
|
•
|
the significant amount of our stock owned by Jerry Moyes and the related control over the Company;
|
•
|
related-party transactions between the Company and Jerry Moyes; and
|
•
|
conflicts of interest or potential litigation that may arise from other businesses owned by controlling shareholder and board member, Jerry Moyes, including pledges of Swift stock and guarantees by Jerry Moyes related to other businesses.
|
Exhibit
|
|
Description
|
|
|
|
Exhibit 99.1
|
|
Q1 Mid-first Quarter Conference Call Transcript, Dated March 8, 2017
|
|
|
|
Exhibit 99.2
|
|
Quarterly Financial Information by Segment (Unaudited) for the Two-year Period Ended December 31, 2016
|
|
|
|
Exhibit 99.3
|
|
Quarterly Operating Statistics by Reportable Segment (Unaudited) for the Two-Year Period Ended December 31, 2016
|
|
|
|
Exhibit 99.4
|
|
Non-GAAP Reconciliation: Quarterly Adjusted Operating Ratio by Reportable Segment (Unaudited) for the Two-Year Period Ended December 31, 2016
|
|
|
|
|
|
|
|
Swift Transportation Company
|
|
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
Date:
|
March 8, 2017
|
|
/s/ Virginia Henkels
|
|
|
|
|
|
Virginia Henkels
|
|
|
|
|
|
Executive Vice President and Chief Financial Officer
|
1 Year Swift Transportation Company Class A (delisted) Chart |
1 Month Swift Transportation Company Class A (delisted) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions