0001492691-14-000015.txt : 20140408 0001492691-14-000015.hdr.sgml : 20140408 20140407184646 ACCESSION NUMBER: 0001492691-14-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140407 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140408 DATE AS OF CHANGE: 20140407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SWIFT TRANSPORTATION Co CENTRAL INDEX KEY: 0001492691 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 205589597 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35007 FILM NUMBER: 14749661 BUSINESS ADDRESS: STREET 1: 2200 SOUTH 75TH AVENUE CITY: PHOENIX STATE: AZ ZIP: 85043 BUSINESS PHONE: 602-269-9700 MAIL ADDRESS: STREET 1: 2200 SOUTH 75TH AVENUE CITY: PHOENIX STATE: AZ ZIP: 85043 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT TRANSPORTATION CO DATE OF NAME CHANGE: 20101209 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT TRANSPORTATION Co DATE OF NAME CHANGE: 20101129 FORMER COMPANY: FORMER CONFORMED NAME: SWIFT HOLDINGS CORP. DATE OF NAME CHANGE: 20100524 8-K 1 a8-k472014q1guidance.htm 8-K 8-K 4.7.2014 Q1 Guidance



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): April 7, 2014

Swift Transportation Company
(Exact name of Registrant as specified in charter)

Delaware
 
001-35007
 
20-5589597
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification Number)
2200 South 75th Avenue, Phoenix, Arizona
 
85043
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (602) 269-9700

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
¨
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
¨
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
¨
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))












Item 7.01 Regulation FD Disclosure.

On April 7, 2014, Swift Transportation Company (the “Company”) issued a press release updating its range for the first quarter 2014 earnings and timing of earnings release and Q&A call. A copy of this press release is attached hereto as Exhibit 99.  This information is furnished for purposes of Regulation FD.

The information contained herein and in the accompanying Exhibit shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information furnished in this report on Form 8-K, including Exhibit 99, shall be deemed to be “furnished” and therefore shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by regulation FD.

Item 9.01     Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit
Number

Description
 
 
Exhibit 99
Press release issued by the Company on April 7, 2014, “Swift Transportation Announces Updated Range For First Quarter 2014 Earnings and Timing of Earnings Release and Q&A Call”.







SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SWIFT TRANSPORTATION COMPANY
 
 
 
 
 
 
 
 
 
By:
 
/s/ VIRGINIA HENKELS
 
 
 
 
 
 
 
 
 
 
 
Name:
 
Virginia Henkels
 
 
 
 
Title:
 
Executive Vice President and Chief Financial Officer
 
 

Dated: April 7, 2014
 




EX-99 2 a2014-04x07xswiftannounces.htm EXHIBIT 2014-04-07-SwiftAnnouncesFirstQuarterEarningsRangeEarningsCallInfo-Final
 
 
EXHIBIT 99

SWIFT TRANSPORTATION ANNOUNCES RANGE FOR FIRST QUARTER 2014 EARNINGS AND TIMING OF EARNINGS RELEASE AND CONFERENCE CALL


Swift Transportation Company, Inc. (“Swift”) (NYSE: SWFT) expects Adjusted Earnings Per Share (“Adjusted EPS”) to be within the range of $0.11 to $0.13 for the first quarter of 2014.

The lower than expected Adjusted EPS in the first quarter of 2014 is primarily related to the severe weather experienced throughout the quarter and its effect on overall volume, fuel and maintenance expense, as well as insurance and claims expense. Given that approximately 60% of Swift's volume is east of the Rockies, the weather impact was substantial and will be discussed in more detail in its letter to stockholders, which will be published on April 24, 2014.

Notwithstanding the weather, Swift experienced encouraging trends in several areas. Utilization, as measured by loaded miles per tractor per week, in the Truckload segment was down year over year for the quarter, but improved sequentially each month with March increasing 1% year over year. Growth in the Dedicated segment continues to improve with an increase of almost 550 trucks during the first quarter. In addition, container on flat car volume in the Intermodal segment increased 7.2% in the first quarter of 2014 compared to the first quarter of 2013 despite the difficulty some of the railroads experienced with weather.

Richard Stocking, President and Chief Operating Officer of Swift said, “While we are disappointed by the impact of the extraordinary challenges we experienced with the weather this quarter, we are optimistic about the underlying fundamentals we are seeing in the market and the traction we are gaining on our internal initiatives. Capacity remains tight, demand is increasing, we are gaining momentum with pricing, and we are starting to realize positive results from our strategic initiatives. We are focused on servicing our customers and drivers and executing on our goals. The weather slowed us down temporarily, but we are excited about our future.”

Swift will release its earnings for the first quarter ended March 31, 2014 after market close on Thursday, April 24, 2014 in the form of a letter to stockholders. The letter will be published on the company’s website at http://investor.swifttrans.com/ as well as filed with the SEC on a form 8-K.

Following the distribution of the letter to stockholders, questions regarding the periods’ performance may be submitted to Investor_Relations@swifttrans.com. Questions will be accepted until 7:00pm EDT on Thursday, April 24th and will be answered on a conference call on Friday, April 25, 2014 at 11:00am EDT.

Participants may access the call using the following dial-in numbers:
U.S./Canada: (877) 897-8479
International/Local: (706) 501-7951
Conference ID: 20466821




The letter to stockholders, transcript of the Q&A, as well as a link for the replay, will be available via Swift’s investor relations website: http://investor.swifttrans.com/

Contact Info:

Jason Bates, Vice President of Finance and Investor Relations Officer
or
Ginnie Henkels, Executive Vice President and Chief Financial Officer

Office: 602-269-9700


This release contains forward-looking statements, which are based on information currently available. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, our estimated range of Adjusted EPS for the first quarter 2014, our optimism on market fundamentals, increasing demand, momentum in pricing, Dedicated growth and positive results from strategic initiatives. Such forward-looking statements are inherently uncertain, and are based upon the current beliefs, assumptions and expectations of Company management and current market conditions, which are subject to significant risks and uncertainties as set forth in the Risk Factor Section of our Annual Report Form 10-K for the year ended December 31, 2013. You should understand that many important factors, in addition to those in our filings with the SEC, could impact us financially. As a result of these and other factors, actual results may differ from those set forth in the forward-looking statements and the prices of the Company's securities may fluctuate dramatically. The Company makes no commitment, and disclaims any duty, to update or revise any forward-looking statements to reflect future events, new information or changes in these expectations.