The costs of accidents appears to be taking a toll on mega carrier Swift Transportation, which just reduced their full-year 2015 earnings forecast by more than 10%.
http://www.livetrucking.com/swift-transportation-says-costs-of-accidents-are-taking-a-toll-on-their-earnings/
The Phoenix-based company said it also has struggled with delayed deliveries of new trucks and faces charges related to accident and worker’s compensation claims and the settlement of a class-action gender-discrimination lawsuit.
The so-called “Amazon effect” on the distribution network is “a small piece” of Swift’s woes, but the company has seen a much bigger impact from the cost of insurance claims and legal services.
http://www.wsj.com/articles/swift-transportation-cuts-outlook-1443205532
http://www.livetrucking.com/swift-transportation-says-costs-of-accidents-are-taking-a-toll-on-their-earnings/
The Phoenix-based company said it also has struggled with delayed deliveries of new trucks and faces charges related to accident and worker’s compensation claims and the settlement of a class-action gender-discrimination lawsuit.
The so-called “Amazon effect” on the distribution network is “a small piece” of Swift’s woes, but the company has seen a much bigger impact from the cost of insurance claims and legal services.
http://www.wsj.com/articles/swift-transportation-cuts-outlook-1443205532
My son quit Swift because the Phoenix shop foreman would not let him replace wore out brakes.
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