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Swift Transportation Industry Analysis

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Swift Transportation Blue = Eustacio Maroon= Carmen Green = Nely Introduction: The transportation industry has been highly utilized around the world for thousands of years. It has been used for personal and material transportation and has connected the world and improved the economy by the allowing of imports and exports, allowed for trading, transporting goods, and much more (Lambert, 2014). It is crucial in modern society not only to businesses, but to many individuals. The trucking industry has evolved from the transportation industry and is key for daily functions to occur. Swift Transportation company is a trucking business that was born in 1966 as a steel transportation company that went from Los Angeles to Arizona. By …show more content…

By the 17th century, stage coaches were regularly seen (Lambert, 2014). The 19th century was truly a turning point for the transportation industry as this was when railroads were revolutionized. Street lights were created as well as cars. By the 20th century, cars were available in higher quantities and at more affordable prices. In 1919, airplanes were a new form of transportation. By the 1970s, almost every family owned a vehicle (Lambert, 2014). This was the important part of transportation as it evolved into what we see today. Growth of the trucking industry started in the late 1800’s and continued into the 1980’s with deregulation, shortly after which there was a major shakeout within the industry. Early in its development transportation was highly regulated by the United States Government starting in the late 1800’s and capital intensive. Consequently, new entrants were relatively limited due the requirement of infrastructure. In 1935 Congress passed the Motor Carrier Act which allowed the Interstate Commerce Commission to regulate the industry through granting of operating permits, approving of trucking routes, and setting of uniform tariff …show more content…

This movement is critical to the facilitation of trade between persons, companies, regions, and countries. As might be expected this industry’s growth and health is tied strongly to that of the Economy. “The industry tends to be a leading indicator for the overall economy. During the early stages of an economic upswing, customers begin to ship more goods in anticipation of strong business conditions” (http://www.valueline.com/Stocks/Industries/Industry_Analysis__Trucking.aspx#.VZwC1lL6Wiw) The Transportation Industry can be divided up into infrastructure, vehicles, and operations. Infrastructure involves fixed installation such as railways, roads, terminals, waterways, canals, and pipelines. Vehicles describe the method of transportation such as the use of automobile, bus, train, truck, aircraft, spacecraft, watercraft, etc. Operations describe the ownership and use of the infrastructures and associated vehicles that operate in the infrastructure

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