Public Company Information:
PHOENIX--(BUSINESS WIRE)--Swift Transportation Company (NYSE:SWFT), www.joinswift.com, recently announced their next step to becoming “Best in Class” by awarding its ranked company drivers with a new Quarterly Performance Pay bonus. This exciting new incentive program is designed to retain and reward drivers on their level of excellence. Swift company drivers are currently ranked based on their safety, service and productivity level. This new program begins on July 1, 2012 and bonuses will be paid at the end of each fiscal quarter to ranked drivers who are employed the entire quarter.
The new Quarterly Performance Pay is in addition to the current pay and motivates drivers to improve their ranking through focused attention to safety, on-time service and miles driven. The higher the driver’s rank, the higher the Quarterly Performance Pay will be. Based on the driver’s performance, they can earn up to 6 bonus cents per mile.
“As you can see from this new plan, we are serious about retaining and rewarding the best drivers in America.” Richard Stocking, President & COO
For full details and more information about the new Quarterly Performance Pay Incentive visit www.joinswift.com.
Swift is based in Phoenix, Arizona. As of March 31, 2012, Swift operated a tractor fleet of approximately 15,600 units comprised of 11,600 tractors driven by company drivers and 4,000 owner-operator tractors, a fleet of 51,000 trailers, and 6,400 intermodal containers from 34 major terminals positioned near major freight centers and traffic lanes in the United States and Mexico. Swift offers customers the opportunity for “one-stop shopping” for their truckload transportation needs through a broad spectrum of services and equipment. Swift’s extensive suite of services includes general, dedicated and cross-border U.S./Mexico/Canada service, temperature-controlled, flatbed and specialized trailers, in addition to rail intermodal and non-asset based freight brokerage and logistics management services, making it an attractive choice for a broad array of customers.