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Swift Swings to Second-Quarter Profit

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7/21/2011 1:45:00 PM

Swift Transportation Co. posted a second-quarter profit compared with a loss a year ago, the company said Thursday.

Its profit was $19.6 million, or 14 cents per share, compared with a loss of $23.1 million, or 38 cents, a year ago.

Revenue rose 15.5% to $850.5 million, the truckload carrier said in a statement.

Operating income rose 18.6% to $72.6 million, its highest second-quarter operating income in five years, CEO Jerry Moyes said.

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