Overview: Swift Transportation Company (NYSE: SWFT) is a national leader in transportation services. Headquartered in Phoenix, Arizona, SWFT was founded in 1966 and did an initial public offering in 1990(1). The company operates a fleet consisting of over 16,000 tractor-trailer trucks and 50,000 trailers. Its 22,000 employees help service 40 key terminal freight hubs across the United States and Mexico (Figure 1)(2). Products / Service Description: SWFT identifies four main operating segments: truckload, dedicated, refrigerated, and intermodal(3). The most profitable being truckload which generates over 50 percent of operating revenue (Figure 2). Truckload contains a variety of trucking needs such as heavy haul, flatbed, dry van, and express. …show more content…
Its next largest customers are FedEx Corp, UPS, and Caterpillar Inc however they make up a small portion of revenue(2). SWFT’s largest clientele base exists in the Fortune 500 and other large corporations which require numerous shipping locations and wide variety of shipping needs (Figure 3). The main attraction to SWFT is its competitive pricing, versatile functionality, stability, and access to a wide variety of freight terminals. Its main suppliers for mechanical parts, truck trailers, and company equipment come from Suppliers Eaton Corp, Commercial Vehicle Group Inc, Kansas City Southern, & ORBCOMM Inc(4). SWFT largest risks currently is: increases in fuel prices, negative safety results and qualified talent …show more content…
Corporate Governance & Regulations: David Jackson is the President and Chief Executive Officer of SWFT (Figure 4). Previously Chief Executive Officer at Knights Transportation he has he has over 15 years of truckload industry knowledge. Jerry Moyes, former CEO and founder of SWFT, retired at the end of 2016. Moyes will serve as a non-employee consultant until the end of 2019(7). SWFT complies with all regulations and standards. FMCSA or the Federal Motor Carrier Safety Administration is mainly responsible for regulations implemented and upheld by SWFT. Recent regulation changes such as the ELD Mandate to require electronically logging hours of service, provisions to the hours of service policy, and overtime pay rules have the potential to impact SWFT(8). The regulations not unexpected and likely to be a seamless
Overall, safety, the size of the semi truck's engine, and time are all really important factors in the semi trucking industry. They all tie together and construct the reason of how semi trucks are better transportation methods than other means of product-shipping methods. When a person actually stops and thinks about this, they realize that there are more things that a semi truck does other than transport products to stores. So, next time you see a semi truck, think about
Any time the company is looking into software project, there are areas associated with risk such as cost, time and relationship with suppliers. However, for Harley-Davidson, “collocation of suppliers with production facilities and their integration into company’s development process was the essential part of long-term relationship development”. Through a continued focus on collaboration and strong supplier relationships, the company could position itself to achieve strategic objectives and deliver cost and quality improvement over the long-term. Since, at that time company had no centralized system in place to handle relationship with suppliers and consequently, most of company’s time was spent on supplier management activities. For example, reviewing inventory, expediting and data entry. Furthermore, each supplier had different information systems for “Maintenance, Repair, and Operations (MRO), Original Equipment (OE), Parts and Accessories (P&A), and General Merchandising (GM) purchasing activities”. The systems, already provided by supplier, had to be further modified to meet individual need at each location, such as “the OE system at Harley-Davidson’s York, Pennsylvania site was different from the OE system in Kansas City”. However, due to long-standing tradition of gradual change implementation and focus on quality, quick transitions were unwelcome and did not come easy for the company. The size of the project determined how much risk was involved in terms of cost, time, and supplier relationships. The idea of switching to global purchasing system was seen as a threat not only in supplies and production flow interruption, but also in damaged dealer/customer relationships and lost sales. Furthermore, failure of the sy...
...to deal with inbound and outbound logistics, one that is made up mostly of the personnel from outbound logistics. These professionals deal with the second core competency of Deere, logistics, separate from the manufacturing of tractors and lawnmowers. The creation of this team helps eliminate the risk Fedex’s poor performance (managers were not pleased with Fedex’s centralized transportation management service) and need to measure performance of a 3rd part continuously. As a result, performance is self-managed. We expect as the IT system is used to optimize and plan transportation routes amongst inbound and outbound trucks, cost savings will increase more rapidly. We believe internal continuous improvement, leaner logistics operations and synergies amongst all logistics activities will lead to the $69 million goal being met by the third year after implementation.
Capital One uses IT through its information-based strategy (IBS) to “record, organize, and analyze data on the characteristics and behaviors of their customers,” as stated by CEO Richard Fairbank. Their philosophy was to exploit information by constructing scientific models that could be used to both assess the creditworthiness of potential cardholders through FICO scoring, and to customize product offerings for existing ones. This was done through data mining, sorting, customizing offers and marketing campaigns, and then analyzing this data to see what campaigns worked – for what reason and what it returned in revenue and profit generation. This differs from other financial institutions in that these other institutions were compiling data manually, accepting applicants based upon debt-income ratios and were all charging the same interest rate and annual fee.
Celebrating their 100th anniversary next year, Harley-Davidson is a true American success story. From their modest beginnings in Milwaukee, Wisconsin to one of the most recognized company names worldwide, they have been passionate about motorcycles. Harley offers an experience like none other with the one of a kind look, feel, and sound only available on a Harley. Besides their main business of building and selling motorcycles, they have began to offer financing and insurance through Harley-Davidson Financial Services, and they also offer a full line of accessories and apparel to make the Harley experience complete.
Our overall business goals for our dump truck company is to become one of the leading dump truck company in southeast, Texas with in the first 5 years of operations. This might look over our head but we or determined that our business will surely come to pass cause we have put in our work to research and studies.
UPS is the largest parcel delivery service in the world. They also help their customers its customers with supply chain management, logistics, and financial services. UPS used to be a trucking company with technology, now it¡¦s a technology company with trucks. One of the UPS¡¦s key success factors is the way they manage their operations. Their carefully designed network of vehicles, sorting facilities, and hubs combined with their IT system, allows them to pick up 13 million packages each day from 2 million addresses for delivery to over 6 million commercial and residential addresses worldwide with highest levels of reliability, efficiency, and speed. Also the integration of its air and ground operations gave UPS the ability to optimize utilization of its assets while still meeting customer service requirements. Other key success factor is UPS¡¦s human resource management. UPS has lowest turnover rates in the industry and succeeds in developing a portion of its workforce for management positions each year. The company¡¦s unique culture emphasized accountability and efficient execution at every level of the organization.
The SWOT process will start by examining the internal strengths of the Boeing Company of today. One of the most dominant strengths possessed by Boeing is its ability to follow the changes in a market that is continually changing. The type of products produced by The Boeing Company demands the use of state of the art technology while maintaining all the proper safe guards for sa...
A SWOT analysis is used to assess a company’s strengths and weaknesses found within the company, as well as opportunities and threats that emerge from the external environment. In this analysis, the main strengths, weaknesses, opportunities, and threats facing the Ford Motor Company will be discussed to provide a powerful analysis tool that supports the planning process for marketers.
Trucking has been a relevant career in the United States ever since the 19th century during WWI the army used trucks to transport goods to the soldiers. People in the towns and cities saw they were good transporter so as roads were built and paved more people start owning them. The Interstate Highway System was a big movement for truckers now they could haul there companies goods farther to other cities. The Motor Carrier Act of 1980 helped drivers who went on strike because of the price of gas to run and operate the trucks. Alex Debogorski was a long haul trucker introduced to trucking when he was looking to earn more money to do for his family. As he drove he realized how good the open road looks as the road meet the sky. Now he is on some of CMT’s episodes of Ice Road Truckers, he said If it wasn’t for his parents and wife he wouldn’t have made it. He also open the door for most of the truckers with criminal records. He helped pas the law that states if your drving record is good you can go in for the long haul.
The trucking industry over the years have changed the type of services and the quality that it has provides to its customers. In today’s industry the focus is on efficiency with the overall beneficiary being the American consumer. Majority of today’s freight is being transported by truck during sometime in the distribution chain. Some of factors the trucking industry is facing today include hours and earnings and safety issues.
In every business, there is an analysis called the SWOT, it is the Strength, Weaknesses, Opportunities, and Threats of a company. Wendy’s is a company that is against the use of frozen ingredients and it is a fast food place that has a slogan “Quality is our Recipe”.
Internet commerce; which is in a huge need for shipping and UPS offers the ability to track all packages around the world.
Continental Carriers, Inc. | Continental Carriers, Inc This is not an essay. This paper responds to each of the comments raised by the five members of the board. Continental Carriers, Inc. (CCI) should take on the long-term debt. finance the acquisition of Midland Freight, Inc. for a few reasons.
The SWOT analysis is used to gauge a company’s strengths and weaknesses. It also outlines opportunities for tapping and presents possible threats that could affect a company’s operations.