| Business Summary | | Swift
Transportation
Co.,
Inc.
is
a
holding
company
that
operates
primarily
through
Swift
Transportation
Co.,
Inc.,
Swift
Transportation
Corp.
and
M.S.
Carriers,
Inc.
The
Company
conducts
its
operations,
mainly
throughout
the
continental
United
States,
by
combining
regional
operations
with
a
transcontinental
van
operation.
Freight
transported
by
Swift
includes
department
store
merchandise,
manufactured
goods,
paper
products,
non-perishable
food,
beverages
and
beverage
containers
and
building
materials.
In
January
2001,
the
Company
expanded
its
operations
through
an
agreement
with
Cardinal
Freight
Carriers
Inc.,
a
van
and
flatbed
carrier
based
in
North
Carolina.
Under
the
agreement,
Swift
hired
a
number
of
Cardinal
Freight's
drivers
and
subleased
a
number
of
tractors
from
Cardinal
Freight.
On
December
11,
2000
Swift
and
M.S.
Carriers,
Inc.
announced
an
agreement
to
merge,
in
which
M.S.
Carriers
will
become
a
wholly
owned
subsidiary
of
Swift.
The
merger
was
completed
in
June
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Swift
Transportation,
a
holding
company,
is
a
national
truckload
carrier
operating
throughout
the
continental
U.S.,
combining
regional
operations
with
a
transcontinental
van
operation.
For
the
six
months
ended
6/30/01,
revenues
rose
9%
to
$1.05
billion.
Net
income
fell
70%
to
$11.4
million.
Results
reflect
the
expansion
of
the
Company's
fleet,
offset
by
increased
personnel
expenses
and
higher
supplies
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jerry Moyes, 57 Chairman,
Pres, CEO | $816K | -- | William Riley, III, 54 CFO,
Sr. Exec. VP, Sec., Director | 539K | -- | Rodney Sartor, 46 Exec.
VP | 360K | -- | Patrick Farley, 56 Exec.
VP | 357K | $93K | Kevin Jensen, 46 Exec.
VP | 357K | 81K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|