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

 SWIFT TRANSPORTATION CO. INC. REPORTS
 REVENUES, EARNINGS FOR SECOND QUARTER
 SPARKS, Nev., July 24 /PRNewswire/ -- Swift Transportation Co. Inc. (NASDAQ-NMS: SWFT) announced today revenues and earnings for the second quarter ended June 30, 1992.
 Revenues for the second quarter increased 35 percent to $59.0 million, compared with $43.7 million for the corresponding period in 1991. Net earnings increased 46 percent to $2.7 million or 36 cents per share, compared to $1.8 million or 25 cents per share for the corresponding quarter a year ago.
 Revenues increased primarily due to the company's continued fleet expansion to 1,783 tractors as of June 30, 1992 compared to 1,397 as of June 30, 1991.
 For the six months ended June 30, 1992, revenues increased 35 percent to $113.1 million from $83.9 million in the first six months of 1991. Net earnings increased 52 percent to $4.3 million or 58 cents per share, compared to $2.8 million or 39 cents per share.
 SWIFT TRANSPORTATION CO. INC.
 (Consolidated, unaudited,
 in thousands except per share data)
 Periods ended Three Months Six Months
 June 30 1992 1991 1992 1991
 Operating revenues $59,024 $43,749 $113,130 $83,863
 Operating expenses
 Salaries, wages &
 benefits 23,054 17,710 45,676 33,654
 Fuel & fuel taxes 9,564 6,831 17,879 13,430
 Operating supplies &
 exp. 5,913 3,612 11,441 8,230
 Purchased transportation 903 1,151 1,555 2,573
 Rental expense 5,681 4,025 11,262 6,851
 Insurance & claims 2,245 1,219 3,858 2,443
 Depreciation &
 amortization 3,227 3,125 6,138 6,301
 Communication &
 utilities 698 462 1,570 1,060
 Operating taxes &
 licenses 2,687 1,906 5,425 3,379
 Total operating
 expenses 53,972 40,041 104,804 77,921
 Operating income 5,052 3,708 8,326 5,942
 Interest expense (net) 716 672 1,359 1,291
 Other expense (129) (54) (203) (123)
 Earnings before
 income tax 4,465 3,090 7,170 4,774
 Income taxes 1,804 1,272 2,905 1,962
 Net earnings 2,661 1,818 4,265 2,812
 Earnings per share $.36 $.25 $.58 $.39
 Shares used in per
 share calculations 7,397 7,290 7,387 7,282
 -0- 7/24/92
 /CONTACT: Jerry Moyes, president, or Bill Riley, CFO, of Swift Transportation, 702-359-9031/
 (SWFT) CO: Swift Transportation Co. Inc. ST: Nevada IN: TRN SU: ERN


AL-JL -- LA020 -- 3066 07/24/92 13:47 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
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