Swift Transportation Company (NYSE:SWFT) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
Agreement and Plan of Merger
On April9, 2017, Swift Transportation Company, a Delaware
corporation (the Company), Bishop Merger Sub, Inc., an
Arizona corporation and a direct wholly owned subsidiary of the
Company (Merger Sub), and Knight Transportation, Inc., an
Arizona corporation (Knight), entered into an Agreement
and Plan of Merger (the Merger Agreement), to which,
subject to the satisfaction or waiver of certain conditions,
Merger Sub will merge with and into Knight (the Merger),
with Knight surviving as a direct wholly owned subsidiary of the
Company.
Immediately prior to the effective time of the Merger (the
Effective Time) the certificate of incorporation of the
Company will be amended and restated (the Amended Company
Charter) to reflect, among other things, (i)the Companys
corporate name will change to Knight-Swift Transportation
Holdings Inc. and (ii)each issued and outstanding share of ClassB
common stock, par value $0.01 per share, of the Company (the
Company ClassB Common Stock) will be converted (the
ClassB Conversion) into one share of ClassA common
stock, par value $.01 per share, of the Company (Company
Common Stock) and immediately thereafter, each issued and
outstanding share of Company Common Stock (including each share
of Company Common Stock into which the shares of Company ClassB
Common Stock was converted to the ClassB Conversion) will, by
means of a reverse stock split (the Reverse Split), be
consolidated into 0.720 of a share of Company Common Stock (the
Company Share Consolidation Ratio).
At the Effective Time, each share of common stock, par value
$0.01 per share, of Knight (Knight Common Stock) issued
and outstanding immediately prior to the Effective Time (other
than shares held in the treasury of Knight or owned or held,
directly or indirectly, by the Company or any wholly owned
subsidiary of the Company or Knight, in each case not held in a
fiduciary capacity on behalf of a third-party) will be converted
into the right to receive one share of Company Common Stock.
At the Effective Time, each outstanding stock option (whether
vested or unvested), awards of restricted stock and restricted
stock units and performance stock units granted under an equity
plan of Knight (collectively, the Knight Equity Awards)
that are outstanding as of immediately prior to the Effective
Time, will be assumed by the Company and will be automatically
converted into the right to hold or acquire the same number of
shares of Company Common Stock underlying such stock options,
awards of restricted stock and restricted stock units or
performance stock units, as applicable (the New Company Equity
Awards). Each New Company Equity Award will have the same
terms and conditions as applied to the corresponding Knight
Equity Award as of immediately prior to the Effective Time. The
Company will assume all rights and obligations in respect of each
equity-based plan of Knight (including the Knight Employee Stock
Purchase Plan), including each outstanding Knight Equity Award.
By virtue of the Reverse Split and at the effective time of such
Reverse Split (the Reverse Split Time), each stock option
(whether vested or unvested), awards of restricted stock,
restricted stock units and performance stock units granted under
an equity-based plan of the Company (collectively, the Company
Equity Awards) that are outstanding as of immediately prior
to the Reverse Split Time and that will not by its terms vest as
of the Effective Date, will be adjusted into the right to hold or
acquire the same number of shares of Company Common Stock
underlying such stock options, awards of restricted stock and
restricted stock units or performance stock units, as applicable,
by the Company Share Consolidation Ratio. As of the Effective
Time, each Company Equity Award that is outstanding as of
immediately prior to the Reverse Split Time and that vests by its
terms as of the Effective Time or that is otherwise vested will
entitle such holder to hold or receive Company Common Stock as
adjusted by the Company Share Consolidation Ratio (without giving
effect to the Reverse Split). Each Company Equity Award will have
the same terms and conditions as applied to the corresponding
award as of immediately prior to the Effective Time.
Following the closing of the Merger, the board of directors of
the Company will consist of the board of directors of Knight
immediately prior to the Effective Time and four individuals from
the current board of directors of the Company, two of whom will
be Richard Dozer and David Vander Ploeg. Jerry Moyes is entitled
to designate the remaining two directors to the Moyes Stockholder
Agreement (as described below), with his initial designees being
Jerry Moyes and Glenn Brown. Kevin P. Knight, the current
Executive Chairman of Knight and David A. Jackson, the current
President and Chief Executive Officer of Knight, will become the
Executive Chairman of the Company and the Chief Executive Officer
of the Company, respectively.
The consummation of the Merger and the filing of the Amended
Company Charter are subject to certain closing conditions,
including (i)the approval of Company stockholders and Knight
stockholders, (ii)the expiration or termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of
1976 and, if required, the Federal Economic Competition
Law of Mexico, (iii)the approval of the shares of Company Common
Stock to be issued in the Merger for listing on the New York
Stock Exchange, (iv)the absence of any temporary restraining
order, injunction or other judgment, order or decree issued by
any governmental entity or other legal restraint or prohibition
preventing the consummation of the Merger, (v)the receipt of
certain tax opinions by the Company and Knight, (vi)the accuracy
of certain representations and warranties of the Company and of
Knight contained in the Merger Agreement and the compliance by
the parties with the covenants contained in the Merger Agreement,
and (vii)other conditions specified in the Merger Agreement.
The Merger Agreement provides that, during the period from the
date of the Merger Agreement until the earlier of the Effective
Time or the termination of the Merger Agreement, each of the
Company and Knight will be subject to certain restrictions on its
ability to solicit alternative acquisition proposals from third
parties, to provide non-public information to
third parties and to engage in discussions with third parties
regarding alternative acquisition proposals, subject to certain
exceptions.
The Merger
Agreement provides for certain termination rights for both Knight
and the Company. Upon termination of the Merger Agreement under
certain specified circumstances, the Company may be required to
pay Knight a termination fee of $89,100,000 and Knight may be
required to pay the Company a termination fee of $75,300,000. In
addition, if the Merger Agreement is terminated because of a
failure of either Knights or the Companys stockholders to approve
the transactions contemplated by the Merger Agreement, the other
party may be required to reimburse transaction expenses up to
$10,000,000.
Knight, the
Company and Merger Sub each made certain representations,
warranties and covenants in the Merger Agreement, including,
among other things, covenants by Knight and the Company to
conduct their businesses in the ordinary course during the period
between the execution of the Merger Agreement and consummation of
the Merger.
The foregoing
summary does not purport to be a complete description and is
qualified in its entirety by reference to the full text of the
Merger Agreement, which is attached hereto as Exhibit 2.1 and is
incorporated herein by reference.
The Merger
Agreement has been attached as an exhibit to this report to
provide investors and security holders with information regarding
its terms. It is not intended to provide any other factual
information about Knight or the Company or to modify or
supplement any factual disclosures about the Company in its
public reports filed with the U.S. Securities and Exchange
Commission (the SEC). The Merger Agreement includes
representations, warranties and covenants of Knight and the
Company made solely for the purposes of the Merger Agreement and
which may be subject to important qualifications and limitations
agreed to by Knight and the Company in connection with the
negotiated terms of the Merger Agreement. Moreover, some of those
representations and warranties may not be accurate or complete as
of any specified date, may be subject to a contractual standard
of materiality different from those generally applicable to the
Companys SEC filings or may have been used for purposes of
allocating risk among Knight and the Company rather than
establishing matters as facts.
Support
Agreements
Concurrently with
the execution and delivery of the Merger Agreement, the Company
entered into support agreements (collectively, the Knight
Support Agreements) with certain holders of Knight Common
Stock (the Knight Supporting Stockholders). Under the
Knight Support Agreements, the Knight Supporting Stockholders are
generally required to vote all shares of Knight Common Stock that
they beneficially own in favor of the Merger. The Knight Support
Agreements will terminate upon the earlier of (i)the Effective
Time and (ii)the termination of the Merger Agreement in
accordance with its terms.
The foregoing
summary of the Knight Support Agreements does not purport to be a
complete description and is qualified in its entirety by
reference to the full text of the Knight Support Agreements,
which are attached hereto as Exhibits 10.1 and 10.2 and are
incorporated herein by reference.
The
Stockholders Agreements
Concurrently with
the execution and delivery of the Merger Agreement, the Company
entered into stockholders agreements with the Knight Supporting
Stockholders (collectively, the Knight Stockholders
Agreements) and with certain holders of Company ClassB Common
Stock (the Moyes Stockholders) (the Moyes Stockholders
Agreement), which shall become effective as of the Effective
Time.
Under the Moyes
Stockholders Agreement, Jerry Moyes, or a successor appointed by
the Moyes Stockholders, has the right to designate for nomination
by the board of directors of the Company up to two nominees for
election as directors of the Company. If the Moyes Stockholders
collective beneficial ownership falls below 12.5% of the shares
of the Company, then the number of directors that Jerry Moyes, or
a successor appointed by the Moyes Stockholders, may designate is
reduced to one. The Moyes Stockholders have agreed to vote all
shares in excess of 12.5% of the Company as directed by a
committee initially consisting of Jerry Moyes, Kevin Knight and
Gary Knight, with each committee member appointing his respective
successor.
Under the Moyes
Stockholders Agreement, the Moyes Stockholders are subject to
certain standstill provisions providing that they will not, among
other things, (i)increase the percentage of the Companys stock
beneficially owned by them, collectively, by more than two
percentage points above their ownership level as of the Effective
Time, (ii)effect or seek any merger, takeover, consolidation,
business combination, recapitalization, restructuring,
liquidation, dissolution, or other extraordinary transaction with
or involving the Company or any of its subsidiaries, (iii) make,
or in any way participate in, any solicitation of proxies to vote
any shares or to take shareholder action by written consent,
(iv)commence litigation against the Company or any of its
subsidiaries (other than with respect to contracts and director
and officer indemnification rights), or (v)publicly disparage the
Company. The standstill provisions are subject to certain
exceptions, including certain amendments and refinancings of the
Moyes Stockholders current pledging and hedging arrangements. The
board designation rights and standstill provisions cease if the
Moyes Stockholders beneficial ownership falls below 5% of the
outstanding shares of the Company.
The foregoing
summary of the Moyes Stockholders Agreement does not purport to
be a complete description and is qualified in its entirety by
reference to the full text of the Moyes Stockholders Agreement,
which is attached hereto as Exhibit 10.3 and is incorporated
herein by reference.
Under the Knight
Stockholders Agreement, the Knight Supporting Stockholders are
subject to certain standstill provisions providing that they will
not, among other things, (i)acquire more than 15% of the voting
power of the Company, (ii)effect or seek any merger, takeover,
consolidation, business combination, recapitalization,
restructuring, liquidation, dissolution, or other extraordinary
transaction with or involving the Company or any of its
subsidiaries, (iii) make, or in any way participate in, any
solicitation of proxies to vote any shares or to take shareholder
action by written consent, (iv)commence litigation against the
Company or any of its subsidiaries (other than with respect to
contracts and director and officer indemnification rights), or
(v)publicly disparage the Company. These standstill provisions
are subject to certain exceptions and cease if the Knight
Supporting Stockholders beneficial ownership falls below 5% of
the outstanding shares of the Company.
The foregoing
summary of the Knight Stockholders Agreements does not purport to
be a complete description and is qualified in its entirety by
reference to the full text of the Knight Stockholders Agreements,
which are attached hereto as Exhibits 10.4 and 10.5 and are
incorporated herein by reference.
| Item5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Moyes Letter
Agreement
On April 9, 2017,
the Company and Jerry Moyes entered into a letter agreement (the
Moyes Letter Agreement), which will become effective as of
the Effective Time and at that time will amend and restate the
letter agreement the Company entered into with Mr. Moyes on
September 8, 2016 (the Prior Agreement). Commencing at the
Effective Time through December 31, 2019 (the Term), which
may be extended for one-year periods thereafter upon mutual
agreement of the parties, Mr. Moyes will serve in the
non-executive consulting role of Senior Advisor to the Executive
Chairman and the Vice Chairman of the Company. In accordance with
the Prior Agreement, Mr. Moyes will receive compensation of
$200,000 per month during the Term, will continue to vest in
94,418 outstanding stock options (with exercise prices of $23.30
and $24.84) and will continue to vest in outstanding performance
equity awards, as if his employment continued on the date of the
Prior Agreement. The Moyes Letter Agreement also includes certain
release, confidentiality, non-competition and non-solicitation
provisions.
The foregoing
summary of the Moyes Letter Agreement does not purport to be a
complete description and is qualified in its entirety by
reference to the full text of the Moyes Letter Agreement, which
is attached hereto as Exhibit 10.6 and is incorporated herein by
reference.
The information
set forth in Item 1.01 is incorporated herein by
reference.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
| 2.1 |
Agreement and Plan of Merger, dated as of April9, 2017, by and among the Company, Merger Sub and Knight* |
|
| 10.1 |
Support Agreement, dated as of April9, 2017, by and among the Company, Gary J. Knight and The Gary J. Knight Revocable Living Trust dated May19, 1993, as amended |
|
| 10.2 |
Support Agreement, dated as of April9, 2017, by and among the Company, Kevin P. Knight and The Kevin and Sydney Knight Revocable Living Trust dated March25, 1994, as amended |
|
| 10.3 |
Stockholders Agreement, dated as of April9, 2017 among the Company (to be renamed Knight-Swift Transportation Holdings Inc.), Jerry Moyes, Vickie Moyes, Jerry and Vickie Moyes Family Trust Dated 12/11/87, an Arizona grantor trust, LynDee Moyes Nester, Michael Moyes, and the Persons that may join from time to time |
|
| 10.4 |
Stockholders Agreement, dated as of April9, 2017, among the Company (to be renamed Knight-Swift Transportation Holdings Inc.), Gary J. Knight, The Gary J. Knight Revocable Living Trust dated May19, 1993, as amended, and the Persons that may join from time to time |
|
| 10.5 |
Stockholders Agreement, dated as of April9, 2017, among the Company (to be renamed Knight-Swift Transportation Holdings Inc.), Kevin P. Knight and The Kevin and Sydney Knight Revocable Living Trust dated March25, 1994, as amended, and the Persons that may join from time to time |
|
| 10.6 |
Letter Agreement, dated as of April 9, 2017, by and between the Company and Jerry Moyes |
| * |
Schedules have been omitted to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish supplementally to the SEC a copy of any omitted schedule upon request by the SEC. |
Forward-Looking
Statements
This communication
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Use of the
words may, will, would, could, should, believes, estimates,
projects, potential, expects, plans, seeks, intends, evaluates,
pursues, anticipates, continues, designs, impacts, affects,
forecasts, target, outlook, initiative, objective, designed,
priorities, goal, or the negative of those words or other similar
expressions is intended to identify forward-looking statements
that represent our current judgment about possible future events.
These forward-looking statements may include statements with
respect to, among other things, the proposed merger of a
wholly-owned subsidiary of the Company with and into Knight (the
Merger), including the expected timing of completion of the
Merger; the benefits of the Merger; the combined companys plans,
objectives and expectations; future financial and operating
results; and other statements that are not historical
facts.
These
forward-looking statements are based on numerous assumptions
(some of which may prove to be incorrect) and are subject to
risks, uncertainties and other factors that could cause actual
results and events to differ materially from those expressed or
implied by these forward-looking statements. In addition to the
risks, uncertainties and other factors previously disclosed in
the Companys and Knights reports filed with the Securities and
Exchange Commission and those identified elsewhere in this
communication, the following risks, uncertainties and other
factors, among others, could cause actual results to differ
materially from forward-looking statements and historical
performance: the risk that the Merger may not be completed in a
timely manner or at all due to the failure to obtain the approval
of the Companys or Knights stockholders or the failure to satisfy
other conditions to completion of the Merger; the occurrence of
any event, change or other circumstance that could give rise to
the termination of the Merger Agreement; the outcome of any legal
proceeding that may be instituted against the Company, Knight or
others following the announcement of the Merger; the amount of
the costs, fees, expenses and charges related to the Merger; the
risk that the benefits of the Merger, including synergies, may
not be fully realized or may take longer to realize than
expected; the risk that the Merger may not advance the combined
companys business strategy; the risk that the combined company
may experience difficulty integrating the Companys and Knights
employees or operations; the potential diversion of the Companys
and Knights managements attention resulting from the proposed
Merger; economic conditions, including future recessionary
economic cycles and downturns in customers business cycles,
particularly in market segments and industries in which the
Company or Knight has a significant concentration of customers;
increasing competition from trucking, rail, intermodal, and
brokerage competitors; increases in driver compensation to the
extent not offset by increases in freight rates and difficulties
in driver recruitment and retention; additional risks arising
from contractual agreements with owner-operators that do not
exist with Company or Knight drivers; the loss of key employees
or inability to identify and recruit new employees; the Companys
and Knights dependence on third parties for intermodal and
brokerage business; potential failure in computer or
communications systems; the consequences of any armed conflict
involving, or terrorist attack against, the United States;
inflationary, deflationary and other general economic trends;
seasonal factors such as severe weather conditions that increase
operating costs; the possible re-classification of owner
operators as employees; changes in rules or legislation by the
National Labor Relations Board, Congress, or states and/or union
organizing efforts; government regulation with respect to captive
insurance companies; uncertainties and risks associated with
operations in Mexico; significant reduction in, or termination
of, the Companys or Knights trucking services by a key customer;
the Companys and Knights significant ongoing capital
requirements; volatility in the price or availability of fuel, as
well as the Companys and Knights ability to recover fuel prices
through a fuel surcharge program; fluctuations in new and used
equipment prices or replacement costs, and the potential failure
of manufacturers to meet their sale and trade-back obligations;
the impact that the combined companys leverage may have on the
way it operates its business and its ability to services debt,
including compliance with its debt covenants; restrictions
contained in its debt agreements; adverse impacts of insuring
risk through captive insurance companies, including the need to
provide restricted cash and similar collateral for anticipated
losses; potential volatility or decrease in the amount of
earnings as a result of the claims exposure through captive
insurance companies and third-party insurance; goodwill
impairment; fluctuations in interest rates; the outcome of
pending or future litigation; the effects of losses from natural
catastrophes in excess of insurance coverage; and the potential
impact of announcement of the proposed transactions or
consummation of the proposed transactions on relationships,
including with employees, customers and competitors. Actual
results may differ materially from those projected in the
forward-looking statements. Neither Company nor Knight undertakes
to update any forward looking statements.
Additional
Information and Where to Find It
Investors and
security holders are urged to carefully review and consider each
of the Companys and Knights public filings with the Securities
and Exchange Commission (the SEC), including but not
limited to their Annual Reports on Form 10-K, their proxy
statements, their Current Reports on Form 8-K and their Quarterly
Reports on Form 10-Q. The documents filed by the Company with the
SEC may be obtained free of charge at Companys website at
http://investor.swifttrans.com/ or at the SECs website at
www.sec.gov. These documents may also be obtained free of charge
from the Company by requesting them in writing to 2200 S. 75th
Ave., Phoenix, AZ 85043. The documents filed by Knight with the
SEC may be obtained free of charge at Knights website at
www.knighttrans.com or at the SECs website at www.sec.gov. These
documents may also be obtained free of charge from Knight by
requesting them in writing to 20002 N 19th Ave, Phoenix, AZ
85027.
In connection with
the proposed transaction, the Company intends to file a
registration statement on Form S-4 with the SEC which will
include a joint proxy statement of Knight and the Company and a
prospectus of the Company, and each party will file other
documents regarding the proposed transaction with the SEC. BEFORE
MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY
HOLDERS OF THE COMPANY AND KNIGHT ARE URGED TO CAREFULLY READ THE
ENTIRE REGISTRATION STATEMENT AND JOINT PROXY
STATEMENT/PROSPECTUS, WHEN THEY BECOME AVAILABLE, AS WELL AS ANY
AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND ANY OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. A
definitive joint proxy statement/prospectus will be sent to the
shareholders of each party seeking the required shareholder
approval. Investors and security holders will be able to obtain
the registration statement and the joint proxy
statement/prospectus free of charge from the SECs website or from
the Company or Knight as described above. The contents of the
websites referenced above are not deemed to be incorporated by
reference into the registration statement or the joint proxy
statement/prospectus.
Certain
Information Regarding Participants
The Company,
Knight and their respective directors and executive officers may
be deemed participants in the solicitation of proxies in
connection with the proposed transaction. You can find
information about the Companys directors and executive officers
in its definitive proxy statement for the 2016 Annual Meeting of
Stockholders, which was filed with the SEC on April22, 2016, and
in other documents filed with the SEC by the Company and its
directors and executive officers. You can find information about
Knights directors and executive officers in its definitive proxy
statement for the 2017 Annual Meeting of Stockholders, which was
filed with the SEC on March31, 2017, and in other documents filed
with the SEC by Knight and its directors and executive officers.
Additional information regarding the interests of these directors
and executive officers in the proposed transaction will be
included in the registration statement, joint proxy
statement/prospectus or other documents filed with the SEC if any
when they become available. You may obtain these documents (when
they become available) free of charge at the SECs web site at
www.sec.gov and from the Company or Knight as described
above.
No Offer
or Solicitations
This document
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. No offering
of securities shall be made except by means of a prospectus
meeting the requirements of Section10 of the U.S. Securities Act
of 1933, as amended.
to the
requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
| Date: April13, 2017 | Swift Transportation Company | |||||
| By: |
/s/ Mickey R. Dragash |
|||||
|
Mickey R. Dragash Executive Vice President, General Counsel and Secretary |
EXHIBIT
INDEX
|
Exhibit Number |
Description |
|
| 2.1 |
Agreement and Plan of Merger, dated as of April9, 2017, by and among the Company, Merger Sub and Knight* |
|
| 10.1 |
Support Agreement, dated as of April9, 2017, by and among the Company, Gary J. Knight and The Gary J. Knight Revocable Living Trust dated May19, 1993, as amended |
|
| 10.2 |
Support Agreement, dated as of April9, 2017, by and among the Company, Kevin P. Knight and The Kevin and Sydney Knight Revocable Living Trust dated March25, 1994, as amended |
|
| 10.3 |
Stockholders Agreement, dated as of April9, 2017 among the Company (to be renamed Knight-Swift Transportation Holdings Inc.), Jerry Moyes, Vickie Moyes, Jerry and Vickie Moyes Family Trust Dated 12/11/87, an Arizona grantor trust, LynDee Moyes Nester, Michael Moyes, and the Persons that may join from time to time |
|
| 10.4 |
Stockholders Agreement, dated as of April9, 2017, among the Company (to be renamed Knight-Swift Transportation Holdings Inc.), Gary J. Knight, The Gary J. Knight Revocable Living Trust dated May19, 1993, as amended, and the Persons that may join from time to time |
|
| 10.5 |
Stockholders Agreement, dated as of April9, 2017, among the Company (to be renamed Knight-Swift Transportation Holdings Inc.), Kevin P. Knight and The Kevin and Sydney Knight Revocable Living Trust dated March25, 1994, as amended, and the Persons that may join from time to time |
|
| 10.6 |
Letter Agreement, dated as of April 9, 2017, by and between the Company and Jerry Moyes |
| * | Schedules have been omitted |
About Swift Transportation Company (NYSE:SWFT)
Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, which operates the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, Dedicated, Swift Refrigerated and Intermodal. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada. The Company, through the Dedicated segment, devotes use of equipment to specific customers and offers personalized solutions under long-term contracts. The Company’s Swift Refrigerated segment primarily consists of shipments for customers that require temperature-controlled trailers. The Intermodal segment includes moving freight operations, including moving the freight over the rail in its containers and other trailing equipment, and drayage of transport loads between the railheads and customer locations. Swift Transportation Company (NYSE:SWFT) Recent Trading Information
Swift Transportation Company (NYSE:SWFT) closed its last trading session down -0.19 at 22.10 with 7,061,575 shares trading hands.
