Quarterly Business Update

Q3 2024
Performance Review

Delivering momentum across our network — a look at results, operations, and the road ahead.

PRESENTED BY EXECUTIVE LEADERSHIP • OCTOBER 15, 2024 • CONFIDENTIAL
At a Glance

Q3 Key Performance Indicators

Strong topline growth paired with continued gains in delivery reliability and fleet efficiency.

$48.2M
Quarterly Revenue
▲ 14.6% QoQ
1.92M
Shipments Delivered
▲ 9.1% QoQ
97.4%
On-Time Delivery
▲ 1.8 pts
$0.71
Cost per Mile
▼ 4.2% (good)

What went well

  • Regional expansion added 3 new distribution hubs in the Southeast.
  • Route optimization AI cut empty-mile rates by 6 percentage points.

Where we're watching

  • Fuel volatility remains a margin risk into Q4.
  • Driver retention improving but below our 90% target.
SwiftHaul Logistics — Q3 2024 Update02
Financial Trend

Revenue vs. Operating Cost

Revenue growth continues to outpace operating cost, widening our gross margin quarter over quarter (figures in $ millions).

$31.5
$25.4
$36.9
$28.6
$42.1
$31.0
$48.2
$33.4
Q4 '23Q1 '24Q2 '24Q3 '24
Revenue Operating Cost
SwiftHaul Logistics — Q3 2024 Update03
Operations

Network & Fleet Highlights

Network

  • 28 active hubs across 14 states, up from 25 last quarter.
  • Average dwell time reduced to 4.1 hours (−0.6 hrs).
  • Last-mile coverage now reaches 92% of target metros.

Fleet

  • 1,340 vehicles, including 84 new electric vans.
  • Fleet utilization climbed to 81% from 76%.
  • Maintenance downtime down 12% via predictive alerts.
SwiftHaul Logistics — Q3 2024 Update04
Segment Comparison

Business Line Performance

Comparing our three service segments against target for Q3 2024.

Segment Revenue Margin On-Time % vs. Target
Freight & Long-Haul $26.4M 31% 96.8% On Track
Last-Mile Delivery $14.9M 24% 98.1% Exceeds
Warehousing & 3PL $6.9M 19% 95.2% Watch

Last-Mile continues to lead on reliability, while Warehousing needs a Q4 efficiency push to hit its margin goal.

SwiftHaul Logistics — Q3 2024 Update05
Customer & Growth

Winning & Keeping Customers

62
Net Promoter Score
▲ 5 pts QoQ
94%
Client Retention
▲ 2 pts
37
New Enterprise Accounts
▲ 11 accounts
$1.4M
Avg. Contract Value
▲ 8%

Notable wins

  • Signed a 3-year national distribution deal with a top-10 retail brand.
  • Renewed 4 major 3PL contracts with expanded warehouse footprints.
SwiftHaul Logistics — Q3 2024 Update06
Looking Ahead

Q4 2024 Roadmap

October

Launch dynamic pricing engine for freight quotes.

November

Open 2 new Midwest hubs; scale EV fleet to 120 units.

December

Peak-season readiness program & automated sorting rollout.

Q1 Prep

Finalize 2025 capacity plan and driver hiring pipeline.

Our Q4 goal: $52M revenue at a 30%+ blended margin, with on-time delivery held above 97%.

SwiftHaul Logistics — Q3 2024 Update07
Thank You

Questions &
Discussion

Thank you for reviewing SwiftHaul's Q3 progress. We look forward to a strong finish to the year.

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