Swift Transportation Co., Inc.; Safety Rating is Satisfactory.

Business Editors

PHOENIX--(BUSINESS WIRE)--Nov. 24, 2003

On Monday 11-24-03 the Federal Motor Carrier Safety Administrations (FMCSA) web site displayed the Swift Transportation Co., Inc. (Nasdaq-NMS:SWFT)safety rating as conditional. Swift's safety rating is satisfactory and the FMCSA web site is being corrected.

Swift has been in discussions with the FMCSA about a recently conducted audit and anticipates a positive outcome. Swift has always maintained safety as our top priority; for example, we vigorously enforce a company speed limit that is lower than many state speed limits.

There are three safety ratings applied to motor carriers: satisfactory, which Swift has historically maintained; conditional, which means that there are deficiencies requiring correction, but not so significant to warrant loss of carrier status; and unsatisfactory, which is the result of acute deficiencies and would lead to loss of carrier status. Even if a carrier temporarily drops to conditional status, it does not lose its carrier license, though under contractual provisions standard in the industry, some customers may be able to reduce or terminate their relationship with the carrier. Swift believes, based on internal data, external data, and consultation with its regulatory counsel, that it will maintain its satisfactory rating for the foreseeable future and that, even if it did not, any loss of status and revenue would be temporary.

This press release contains statements that may constitute forward-looking statements, usually identified by words such as "anticipates," "believes," "estimates," "projects," "expects," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future operating results and safety ratings, as well as other information. Such statements are based upon the current beliefs and expectations of Swift's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.

As to Swift's business and financial performance generally, the following factors, among others, could cause actual results to differ materially from those in forward-looking statements: an adverse determination by the FMCSA with respect to Swift's safety rating, excess capacity in the trucking industry; significant increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, license and registration fees, insurance premiums and driver compensation, to the extent not offset by increases in freight rates or fuel surcharges; recessionary economic cycles and downturns in customers' business cycles, particularly in market segments and industries (such as retail and manufacturing) in which Swift has a significant concentration of customers; seasonal factors such as harsh weather conditions that increase operating costs; increases in driver compensation to the extent not offset by increases in freight rates; the inability of Swift to continue to secure acceptable financing arrangements; the ability of Swift to continue to identify and combine acquisition candidates that will result in successful combinations; an unanticipated increase in the number of claims for which Swift is self insured; competition from trucking, rail and intermodal competitors; and a significant reduction in or termination of Swift's trucking services by a key customer.

A discussion of these and other factors that could cause Swift's results to differ materially from those described in the forward-looking statements can be found in the most recent Annual Report on Form 10-K of Swift, filed with the Securities and Exchange Commission and available at the Securities and Exchange Commission's internet site (http://www.sec.gov). Swift undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Further, nothing herein shall constitute an adoption or approval of any analyst report regarding Swift, nor any undertaking to update or comment upon analysts' expectations in the future.

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 with regional operations throughout the continental United States.