Mumbai
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Swift Transportation, headquartered in Phoenix, Arizona and a pivotal part of Knight-Swift, stands as the preeminent common carrier in the U.S., boasting a fleet exceeding 23,000 trucks. Established in the late 1950s by Carl and Betty Moyes in Utah, it later merged with Knight Transportation in 2017. Under Jerry Moyes' leadership, by 1984, Swift escalated to $25 million in annual revenues, subsequently becoming public in 1990. Despite a setback due to an SEC investigation in 2005, the Moyes family regained control, furthering Swift's legacy. Today, Swift owns 100% of Trans-Mex and assures comprehensive border crossing services in Mexico and Canada, commanding over $2.5 billion in annual revenues with an extensive fleet including 12,300 tractors by company drivers and 48,600 trailers.
January 15, 1944
82 years
Transportation
Logistics
United States
Tolleson, Arizona
Knight-Swift
Swift Transportation's roots can be traced back to the late 1950s when Carl and Betty Moyes founded B & C Truck Leasing in Plain City, Utah. The company initially focused on transporting steel from Los Angeles to Phoenix and cotton from Arizona to Southern California.
Jerry Moyes & family: Family
The Moyes family has played a pivotal role in Swift Transportation's success. Carl and Betty Moyes founded the company, and their son, Jerry Moyes, served as CEO for many years. Despite Jerry Moyes' forced departure in 2005 due to an SEC investigation, the Moyes family retained control of the company.
Jerry Moyes & family: Career Highlights
Swift Transportation has experienced several notable milestones throughout its history. In 1988, the company acquired Cooper Motor Lines and became a publicly traded company in 1990. Swift continued to grow through acquisitions, including Arthur H. Fulton Inc. and Dick Simon Trucking.
Jerry Moyes & family: Companies
Swift Transportation is the largest common carrier in the United States, with over 23,000 trucks. The company is based in Phoenix, Arizona, and is part of Knight-Swift, a leading transportation and logistics provider.
Jerry Moyes & family: Major Achievements
Swift Transportation has achieved several significant milestones, including generating over $2.5 billion in annual revenue. The company operates a fleet of 12,300 tractors by company drivers, 3,900 owner-operator tractors, 48,600 trailers, and 4,500 intermodal containers.
Jerry Moyes & family: Awards & Achievements
Swift Transportation has received numerous awards and accolades for its contributions to the transportation industry. These include being named one of the "Top 100 Trucking Companies" by Inbound Logistics magazine and receiving the "President's E Award for Export Service" from the U.S. Department of Commerce.
Jerry Moyes & family: Personal Life & Legacy
Jerry Moyes, the former CEO of Swift Transportation, has left a lasting legacy in the transportation industry. He is known for his entrepreneurial spirit and his commitment to customer service.
Moyes is also actively involved in philanthropic activities, supporting various educational and charitable organizations.
Jerry Moyes & family: Trivia
Swift Transportation acquired the name Swift Transportation from a descendant of the Swift Meat Packing family. The company's terminal network expanded to over 40 facilities before contracting during the 2008 recession. Swift Transportation became public again on the NYSE in 2010, raising $766 million for debt reduction.
Swift Transportation founded as B & C Truck Leasing in Plain City, Utah by Carl and Betty Moyes.
Swift Transportation moved to Phoenix, Arizona and formed Common Market in Arizona, later becoming Swift.
Swift Transportation grew to $25 million in annual revenues under Jerry Moyes' leadership.
Swift Transportation acquired Cooper Motor Lines.
Swift Transportation became a publicly traded company.
Jerry Moyes forced out as CEO due to an SEC investigation, but the Moyes family retained control.
Jerry Moyes offered to buy Swift Transportation.
Jerry Moyes completed the transaction to buy Swift Transportation with financing through Saint Acquisition Corporation.
Swift Transportation's terminal network contracted during the recession.
Swift Transportation became public again on the NYSE, raising $766 million for debt reduction.
Swift Transportation is the largest common carrier in the US with over 23,000 trucks and generates over $2.5 billion in annual revenue.
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What is Swift Transportation and its relationship with Knight-Swift?
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