Swift Transportation Co. Inc. Announces Formal SEC Investigation.

PHOENIX -- Swift Transportation Co. Inc. (NASDAQ-NMS: SWFT SWFT Secure Web Fingerprint Transmission ) today announced that the previously disclosed informal inquiry by the United States Securities and Exchange Commission into certain stock trades by the company and insiders, including Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jerry Moyes, has become a formal investigation. The investigation centers around certain stock trades made by Jerry Moyes, the chairman and chief executive officer of Swift, as well as selected company repurchases.

Swift is the holding company for Swift Transportation Co. Inc., a truckload carrier headquartered in Phoenix. Swift's trucking subsidiary operates the largest fleet of truckload carrier equipment in the United States with regional operations throughout the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. .

"Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that involve risks and uncertainties. These statements are based upon the current beliefs and expectations of our management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Oct 2, 2004
Words:	170
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