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SWIFT TRANSPORTATION CO. INC. REPORTS REVENUES, EARNINGS FOR FIRST QUARTER

 SWIFT TRANSPORTATION CO. INC. REPORTS REVENUES,
 EARNINGS FOR FIRST QUARTER
 SPARKS, Nev., April 28 /PRNewswire/ -- Swift Transportation Co. Inc. (NASDAQ-NMS: SWFT) announced today revenues and earnings for the first quarter ended March 31, 1992.
 Revenues for the first quarter increased 34.9 percent to $54.1 million, compared with $40.1 million f quarter a year ago.
 The shares used in the earnings per common share calculation increased to 7,374 at March 31, 1992 from 7,284 at March 31, 1991. Net earnings were 22 cents per share for the quarter ended March 31, 1992, up 57 percent as compared to 14 cents per share for the quarter ended March 31, 1991.
 Revenues increased because of the company's acquisition of Arthur H. Fulton Inc. on Sept. 9, 1991 and the continued fleet expansion to 1,782 tractors as of March 31, 1992 compared to 1,344 as of March 31, 1991.
 Three Months
 March 31, 1992 1991
 Operating revenues $54,106 $40,114
 Operating Expenses
 Salaries, wages & benefits 22,622 15,944
 Fuel & fuel taxes 8,315 6,599
 Operating supplies & exp. 5,491 4,618
 Purchased transportation 652 1,422
 Rental expense 5,581 2,826
 Insurance & claims 1,613 1,224
 Depreciation & amortization 2,948 3,215
 Communication & utilities 872 598
 Operating taxes and licenses 2,738 1,473
 Total operating expenses 50,832 37,919
 Operating income 3,274 2,195
 Interest expense (net) 643 619
 Other income (74) (108)
 Earnings before income tax 2,705 1,684
 Income taxes 1,101 690
 Net earnings 1,604 994
 Earnings per share .22 .14
 Shares used in per share
 calculations 7,374 7,284
 -0- 4/28/92
 /CONTACT: Jerry Moyes, president, or Bill Riley, CFO, of Swift Transportation Co., 702-359-9031/
 (SWFT) CO: Swift Transportation Co. Inc. ST: Nevada IN: TRN SU: ERN


AL-KJ -- LA034 -- 3922 04/28/92 14:53 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
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