MENU
SEARCHSwift Transportation announced that it acquired privately held Central Refrigerated Transportation, a provider of refrigerated trucking services, in a transaction valued at $225 million, including approximately $189 million in cash and $36 million of assumed capital lease obligations and other financial debt.
Photo: Evan Lockridge
Swift Transportation announced today that it acquired privately held Central Refrigerated Transportation, in a transaction valued at $225 million, including approximately $189 million in cash and $36 million of assumed capital lease obligations and other financial debt.
Jerry Moyes, the Chief Executive Officer and controlling stockholder of Swift, was the principal owner of Central.
Headquartered in West Valley City, Utah, Central is a truckload carrier specializing in temperature-controlled freight transportation and is reportedly the fifth-largest provider of temperature-controlled truckload services in the U.S., generating $504 million of revenue.
The combination of Central's business with Swift's existing refrigerated business is expected to make Swift the nation's second largest temperature-controlled truckload provider.
The Swift board of directors established a special committee in May of 2011 to evaluate Swift`s expansion of its temperature-controlled operations, including the potential acquisition of Central, as well as other acquisition candidates.
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.
Read More →
Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.
Read More →
Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.
Read More →
Western Star is expanding its Star Nation Experience in 2026, adding new competitions and dealer participation to highlight operator skills and promote careers in trucking.
Read More →
CarriersEdge announced the 2026 Best Fleets to Drive For overall winners, with Crawford Trucking, Fortigo Freight Services, and FTC Transportation receiving top awards.
Read More →
The Department of Labor plans to expand Pell Grant eligibility to some shorter workforce training programs, a move the American Trucking Associations said will help strengthen commercial driver training schools and diesel technician training programs.
Read More →
For an industry that has watched this issue go back and forth for years, the independent contractor proposal marks the latest swing in the regulatory pendulum.
Read More →
One electronic logging device has been reinstated to the FMCSA's list of registered ELDs.
Read More →
America’s Service Line adopted Link’s SmartValve and ROI Cabmate systems to address whole-body vibration, repetitive strain, and driver turnover. The trucking fleet is already seeing measurable results.
Read More →
