S&P lifts Swift to positive

Standard & Poor's said it revised the outlook on Swift Transportation Co. to positive from stable.

The agency also said it affirmed the company's B+ corporate credit rating.

The ratings are based on its weak business risk profile and significant financial risk profile, S&P said.

The ratings also consider its participation in the highly fragmented, cyclical and capital-intensive truckload trucking industry, the agency said.

The company's position as the largest truckload carrier in the United States and its growing position in intermodal transportation somewhat offset its high-risk industry risk assessment, S&P said.

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