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Swift Sees Better Profits

The company raises its estimates for the third quarter.
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Swift Transportation

(SWFT)

raised its third-quarter profit estimates, saying it was helped by a drop in fuel prices last month and lower workers' compensation expenses.

The company now expects net earnings for the quarter of 50 cents to 52 cents a share, before taking into account pretax charges of $9.2 million.

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After the charges, Swift said it should earn 42 cents to 44 cents.

Swift, a freight carrier, closed Monday at $25.66.