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SWIFT TRANSPORTATION CO. INC. ANNOUNCES SLOWDOWN IN FIRST QUARTER REVENUES

 PHOENIX, March 1 /PRNewswire/ -- Swift Transportation Co. Inc. (NASDAQ: SWFT) announced today that its first quarter revenues to date have been adversely affected by severe weather conditions, a significant reduction in the Arizona cotton crop and overall softness in retail merchandise business levels. These events have reduced load counts and increased deadhead mileage in the company's western operations. As a result, although any precise forecast is premature, Swift anticipates that 1993 first quarter revenues will only slightly exceed 1992 first quarter levels. Expenses for the first quarter of 1993 are expected to increase as a percentage of revenues since anticipated revenues for the quarter will not have increased in proportion to the company's fleet expansion.
 Based upon a recent upturn in traffic levels, the company believes that the effects of these events were largely confined to the month of January and the first three weeks of February. The company does not expect that these events will have any adverse impact on revenues beyond the first quarter, and is optimistic that lower than anticipated first quarter revenues will be offset by increased revenue levels during the remainder of the year.
 -0- 3/1/93
 /CONTACT: Jerry Moyes, president, or Bill Riley, CFO of Swift Transportation, 702-359-9031/
 (SWFT)


CO: Swift Transportation Co. Inc. ST: Arizona IN: TRN SU: ERP

BP-EH -- LA011 -- 1360 03/01/93 11:16 EST
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Publication:PR Newswire
Date:Mar 1, 1993
Words:226
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