Swift CEO's Cozy Deal for Cold Trucks

Swift CEO Jerry Moyes Photograph by Aaron J. Latham/AP Photo

It’s the kind of transaction that can raise an eyebrow or two: a large company buying a business owned by its chief executive. Swift Transportation, one of the largest U.S. trucking companies, made just such a move by acquiring a refrigerated-trucking business owned by Swift Chief Executive Jerry C. Moyes for $189 million in cash and $36 million in assumed debt.

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