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VOL. 125 | NO. 199 | Wednesday, October 13, 2010

Swift Transportation To Lay Off 53 Locally

By Sarah Baker

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Swift Transportation Corp. has announced plans to lay off more than 50 of its workers in Memphis, beginning Oct. 29.

Swift Transportation’s central sales group office, at 1940 E. Brooks Road, recently reported in the Tennessee Department of Labor and Workforce Development’s Dislocated Worker Unit Report of Official Notices 53 employees will be affected, during the period of Oct. 29 to Nov. 29.

Dave Berry, spokesman for Swift Transportation, said the workers have the option to move to the company’s corporate headquarters.

“We have realigned our business and those people were offered the opportunity to relocate to Arizona,” he said.

Phoenix-based Swift Transportation is the largest truckload motor carrier in the world, generating more than $3.4 billion in revenue and operating more than 16,000 trucks, with swift and trans-mex terminal locations nationwide.

Marty Morelli, president of the Traffic Club of Memphis and director of strategic solutions at ABF Freight System Inc., said it is difficult to determine what the rest of 2010 and the first half of 2011 has in store for the industry.

“There’s a lot of uncertainty in the marketplace,” Morelli said. “What the fourth quarter holds and what the first and second quarter are going to forecast in the truckload and less-than-truckload (LTL) side, it’s hard to determine if the economy is getting better, or if it’s just a blitz through the seasonal nature of the business.”

Clifford Lynch of C. F. Lynch and Associates agrees that the market for drivers will improve over the next few months. In fact, before 2011 is complete, Lynch said the market will most likely see a shortage.

“There are several new regulations regarding truck drivers, restricting their hours of service and require more drivers to haul the same amount of freight,” Lynch said. “It’s being tested right now, but probably will not be totally effective until sometime next year.”

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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