Swift Transportation Confirms Q3 Earnings Outlook

(RTTNews) - Swift Transportation Co. (SWFT) said Thursday that is comfortable with its previously provided third quarter 2014 adjusted earnings guidance of $0.33 to $0.37 per share.

Analysts polled by Thomson Reuters currently expect the company to earn $0.35 per share for the third quarter. Analysts' estimates typically exclude special items.

Swift Transportation President and COO Richard Stocking said, "We are pleased with the results we are experiencing thus far from the over-the-road driver wage increases that went into effect on August 4th. Although this increase has only been in place for a couple of months, the feedback we have received to date from drivers has been very positive. Equally important is the impact it has had thus far on our operational results. Currently, our driver academies are full, and we are experiencing record recruiting weeks.

Swift Transportation shares are currently trading at $21.29, up $2.14 or 11.17%.