Swift Transportation reported profits were up 4.7%, one of the few bright spots so far in the industry for the third quarter, and the company said it was the result of cutting expenses to deal with the challenging truckload environment.
Swift reported $38 million in profits, or 34 cents per share, reversing four consecutive quarters in which the company reported year-over-year profits. Net income one year ago was $36.3 million, or 31 cents.
