I've noticed that Swift is now Swift LLC, anyone have a clue as to way the change? Maybe Swift is pulling stocks now?
SWIFT name change?
Discussion in 'Report A BAD Trucking Company Here' started by JimDucan, Oct 29, 2010.
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No it just stands for Liars, less pay and crappy drivers! (lol) No harsh feelings swifties, I just had to throw that in there!
angeleyesinfl Thanks this. -
Maybe this has to do with it >> http://swifttrans.com/uploadedFiles/S-1 Filing Press Release - Final.pdf
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Hi Jim,
LLC is simply an acronym for limited liability corporation, a type of business formation.
According to Swift's corporate website, they are currently operating under the name Swift Tranportation Corporation (I couldn't find any info showing that they were operating under the name Swift LLC, but I could be wrong).
It would be unlikely that a corporation such as swift would not operate as an LLC, so if they have changed their name, it is likely just an issue of semantics and does not reflect any change in the company unless they were not an LLC previously. -
Swifts name on the DOT safestat website says company name as swift transportation company of arizona LLC.
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2. The LLC designation is a sign that Swift is consolidating the different corporate (names) titles into one contiguous grouping. Also combining some partnership designations with the main corporate body.
3. Yes, this is part of the restructuring for the application to become a publicly traded corporation. Reading the reports about the restructuring and consolidation, there appears to be a lot of debt being "forgiven". With the "elimination" of branches from the original corporate tree, (Saint Corporation) the entire corporate structure will have the appearance of a leaner, more transparent organization, and with the transparency, will have better "prospects" on the sales of stock to the public.zentrucking Thanks this. -
jerry moyes has announced that he is taking company public again!!!
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123456 Thanks this.
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LLC .Limited Liabilty Corp = The company may go broke but the owners will not !
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