SWIFT name change?

No it just stands for Liars, less pay and crappy drivers! (lol) No harsh feelings swifties, I just had to throw that in there!

 

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.

 

1. Swift has no stocks to pull...they aren't a publicly traded company, they are private.
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.

 

jerry moyes has announced that he is taking company public again!!!

 

Better put; he has applied for approval to make Swift a publicly traded corporation...just cause he wants to...doesn't mean the SEC will allow him to. After all...he does have some "history" of not playing well with others!

 

LLC .Limited Liabilty Corp = The company may go broke but the owners will not !

 

LLC isn't the only structure to protect the individual...it can be accomplished merely by "incorporating". By incorporating a business...it creates a true, legal separation of individual and business capital...and any form of incorporation will accomplish this task. LLC is the form where partnerships and corporate structure merge.