Swift Transportation Co. reported a first-quarter profit compared with a loss a year ago, as its operating income more than doubled.
The carrier’s first-quarter profit was $3.2 million, or 2 cents per share, compared with a $53 million loss, or 88 cents per share, in the first quarter of 2010.
Its operating income was $46.7 million, compared with $23.2 million in the 2010 period.
Revenue rose 15.9% to $758.9 million, the truckload carrier said in a statement.
Transport Topics