After more than 50 years at the head seat at Swift Transportation, CEO and Chairman Jerry Moyes is looking forward to his retirement. Moyes will be leaving Swift at the end of 2016. Currently he is acting as co-CEO with Swift’s former chief operating officer, Richard Stocking. Once Moyes is fully retired Stocking will step into his CEO position, leaving Moyes as a director of Swift.
Born a Trucker’s Son
Moyes was born in Plain City, Utah in 1944 as the son of a truck driver. Trucking jobs are clearly in his blood, and his passion followed suit. By 1966 Moyes had moved to Phoenix, Arizona where he hauled steel with a single truck. His partnership with this steel company, Common Market Dist. Corp., was the beginning of Swift Transportation.
As an aside the name of Swift came from the Swift Meat Packing family, which was associated with operating authority of the early company. Moyes worked alongside his father and brother, as well as a business partner, to grow the business to where it is today. Annually Swift is bringing in more than $4 billion in revenue with a fleet of more than 20,000 tractors.
It should be noted that Moyes didn’t go from a trucker with one truck to immediately building another one of those billion dollar trucking companies overnight. He first graduated from Weber State College with a bachelor of science in business. Since his huge success at Swift he has even been given an honorary doctorate degree by the business school. In addition to being the CEO and chairman at Swift Moyes is also actively involved in the trucking industry and business world. Here are some of his professional achievements and leadership roles:
- President of Arizona Trucking Association
- Vice president of American Trucking Association
- Member of the board for Truckload Carriers Association
- Greater Phoenix Economic Council director
- Center for Entrepreneurship member at Brigham Young University
On a personal side Moyes has been married to Vickie for 39 years. Together the two have 10 children and just as many grandchildren.
Beyond the Business World
Moyes has been busy with Swift Transportation, but that hasn’t slowed him down from pursuing other interests. He is also the owner of Swift Air, which is a charter airline based at the Phoenix Sky Harbor International Airport. Swift Air serves major league sports teams and tour operators, as well as charters for private owners. This fleet has 13 airplanes, a slight scale compared to Swift Transportation’s fleet size. In addition Moyes is the owner of SME Steel Contractors Inc. based in Utah.
An avid sports fan Moyes has made his mark in the sporting world. He has or had ownership in the following teams:
- National Hockey League’s Phoenix Coyotes
- National Lacrosse League’s Arizona Sting, in which he was part owner with Wayne Gretzky
- Arizona Diamondbacks
- Phoenix Suns
As you can see Moyes has quite a stake, and interest, in the sports leagues in Arizona. However, due to several legal moves and financial issues with the leagues, Moyes is currently only involved in the Arizona Diamondbacks.
Surely now that Moyes has entered retirement he will have plenty of time and opportunity to delve into his favorite activities, whether it be owning Arizona sports teams or the like. As stated by Avondale Partners analyst Donald Broughton, ““[Moyes is] a very energetic guy. I can’t envision him sitting around somewhere gathering dust.”