SOURCE: Swift Transportation

November 21, 2007 16:12 ET

Swift Corporation CFO to Leave at End of Year; Will Transition to Advisory Role

PHOENIX, AZ--(Marketwire - November 21, 2007) - On November 19, 2007, Ramey Peru, Executive Vice President and Chief Financial Officer of Swift Corporation, a Nevada corporation (the "Company"), submitted his resignation effective December 31, 2007. Mr. Peru, whose resignation is due to personal and family reasons, will continue in an advisory role as needed after December 31, 2007, and is pursuing the possibility of remaining on the Company's Board of Directors. Jerry Moyes, CEO and President of the Company, has initiated a search for Mr. Peru's replacement.

"I have realized that I am at the stage of my life where having the flexibility to spend more time with my family is my highest priority. I very much appreciate Jerry's understanding and his desire for me to continue to assist him in an advisory role going forward," said Peru. "Swift Transportation has great potential. I look forward to contributing to its continued success."

"I appreciate Ramey's contributions to-date," said Moyes. "I fully understand the importance of family and wish him well. I also appreciate his willingness to continue his support and involvement with Swift in an advisory role."

Swift is the holding company for Swift Transportation Co., Inc., a truckload carrier headquartered in Phoenix, Arizona. Swift's trucking subsidiary operates the largest fleet of truckload carrier equipment in the United States consisting of 18,000 tractors, 49,000 trailers and 5,800 intermodal containers. Operating from 31 major terminals in 26 states and Mexico, Swift Transportation provides strong, regional operations, an expanding intermodal division, and various specialty and dedicated services to its customers while focusing on safety and service through its 25,000 employees and independent contractors.

Contact Information

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    Office: 602-269-9700