Oh no, not Jerry. Giving up his millions again? Na. Just left better to a rumor. Even if he did sell, he would just keep it in the family like he did before.
Swift to be under new ownership?????
Discussion in 'Swift' started by SmokeyCowboy009, Jan 24, 2011.
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I heard they decided not to sell. Instead they are lowering driver pay .05 per mile.
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wait a minute....some L/O's are already doing that....cause Injun's hogging all the freight! That girl must have some good dirt on many a planner for sure!Injun Thanks this. -
Swift isn't (publicly) for sale. Rumors that it's "for sale" have circulated for years. Swift (which is to say Mr. Moyes) recently attempted to, once again, go public in an effort to reduce some of its crushing debt. The overall market view was that Swift stock was not a good investment, in part because of that debt burden and recent losses.
http://online.barrons.com/article/SB50001424052970203319504576019454240538440.htmlzentrucking and tiger58 Thank this. -
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if it was sold. it would be in the news here in Arizona. The only thing that been reported is the owners are trying to raise money and get there debt under control.
tiger58 Thanks this. -
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Swift is planning several pay increases for its drivers this year. The hikes will total about 2 percent for the year, with more-experienced drivers likely to receive up to 5 percent, he added.
Really. Will these increases also include the L/P's or O/O's
Moyes said he hopes to increase the owner-operated trucks to about 50 percent of the fleet.
ttp://www.azcentral.com/business/articles/2011/01/26/20110126swift-transportation-4th-quarter-earnings.html#ixzz1CAkKb1nonly Thanks this.
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