SWIFT TRANSPORTARION * USA: CEO Jerry Moyes to retire
* Arizona - Mr. Moyer was among the last active members of a class of trucking magnates
--- Swift Transportation Co. Chief Executive Jerry Moyes, who over 50 years built one of the largest U.S. trucking companies, will retire at the end of the year, the company said Thursday... Mr. Moyes, the son of a truck driver, was among the last active members of a class of trucking magnates who came to dominate the industry after it was deregulated in the early 1980s. He started his business in 1966 with a single truck, leading Swift’s expansion into a public company with a fleet of almost 20,000 trucks and $4 billion in annual revenue... Mr. Moyes will serve as co-CEO with Richard Stocking, Swift’s chief operating officer since 2010, until the end of the year. After that, Mr. Stocking will become sole CEO, while Mr. Moyes will remain a director... Mr. Stocking joined Swift in 1992, and had been taking on increasing responsibility from Mr. Moyes since his appointment as COO, said Jason Bates, vice president of finance...
(PHOTO: ASSOCIATED PRESS - Jerry Moyes, chief executive of Swift Transportation Co., is seen in 2009) -- Phoenix, AZ, USA -The WSJ, by BRIAN BASKIN / LORETTA CHAO & Robbie Whelan - Sept. 8, 2016
Labels: trucking industry news USA