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Trans Carriers history
Trans Carriers company history timeline
Jerry, with his father Carl Moyes, brother Ronald Moyes, and Randy Knight, worked through typical start up challenges to grow the business to $25 million in annual revenue by 1984.
1985: Jerry Moyes buys out his partners.
Swift preferred to train its own drivers from scratch rather than hire seasoned ones, and the company had founded its own driving school in 1987 for this purpose.
In 1987, Winston developed the Winston Motor Carriage Company in Ohio.
However, with the slump in the economy, airfare wars and the unwanted hostile takeovers, TWA in an emergency stockholders meeting in 1988 voted to go private.
Since 1988, Swift has acquired 13 additional motor carriers.
In May 1990, Transcon Lines agreed to an involuntary bankruptcy petition, which was also when the Los Angeles Times reported that the company laid off most of its 3,000 truck drivers.
By 1990, Swift had grown to a $125 million carrier with 800 trucks.
1991: The company purchases the assets of Arthur H. Fulton, Inc.
In the fall of 1992 Swift issued 1.5 million more shares of stock, 750,000 of which came from Jerry Moyes.
In the winter of 1993 another acquisition took place, that of West's Best Freight System, Inc. of Lewiston, Idaho.
The year 1994 saw Swift add two more trucking firms to its stable.
In 1995 Swift started construction of a $16 million, 80-acre terminal and headquarters facility in Phoenix.
Late in 1996 Swift announced a secondary stock offering of a total of 3.5 million shares, one million of which came from Jerry Moyes.
1996: The dry freight division of Navajo Shippers, Inc. is bought.
TCA created its prestigious Ambassador Club in 1996 as a way to honor companies that have maintained membership in the organization for 25 years or longer.
Also during 1997, Jerry Moyes and his brother Ronald provided financing for the management-led buyout of Central Freight Lines, a deal that did not involve Swift itself.
1997: The assets of Direct Transit, Inc. are acquired.
The year 1998 also saw the company raise its mandated speed limit to 60 mph for single drivers, 62 mph for teams, and 65 for owner/operators.
In 1998 new $7 million terminals were announced for Atlanta and Salt Lake City, the latter of which would replace a smaller facility.
NationsWay, another large regional carrier, shut its doors after filing for bankruptcy in 1999.
The suit was settled in 1999, with Swift agreeing to pay $530,000 and change its policy to permit coed training.
In March 2000 a joint venture involving six of the top public trucking companies was announced.
After a three-year abstention from acquisitions, 2000 saw Swift purchase 49 percent of a Mexican carrier, Trans-Mex, Inc.
2001: A merger with M.S. Carriers, Inc. makes Swift the largest publicly owned trucking firm in the United States.
Transam was started in 2006 with a single truck and a vision to create a North American logistics company.
Jevic halted its business in 2008, putting its 1,230 drivers out of jobs.
Transam Carriers' office, Keele, 2009
The company filed for bankruptcy in 2014 in a "sudden collapse" that left its 910 drivers unemployed, JOC.com reported.
At the time, Arrow had debts between $100 million to $500 million, and the shut down left the company embroiled in controversies, with its former CEO James Douglas "Doug" Pielsticker pleading guilty to fraud in 2015.
Transam Carriers' office, Doney Crescent, 2016
Ohio-based Falcon Transport, which was known as one of the "largest flatbed operators in the country," shut its doors April of 2019 with 723 trucks in its operations, causing 585 drivers to lose their jobs, Freight Waves reported.
The SEC charged two former executives of Celadon Group — which folded in 2019 — for repeated fraud.
The year 2019 was rocked with a trucking "bloodbath" after two major trucking companies filed for bankruptcy and let go of at least 1,000 truck drivers.
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Trans Carriers competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Gainey Transportation Services, Inc. | 1984 | $1.8M | 10 | - |
| K&B Transportation | 1986 | $22.0M | 500 | 1,318 |
| Smithway Motor Xpress Corporation | 1984 | $200.0M | 1,036 | - |
| PFT Roberson Inc | - | - | 1,180 | - |
| American Central Transport | 1926 | $9.9M | 104 | 116 |
| Dick Lavy Trucking | - | $48.2M | 200 | 6 |
| A & M Transport | 1989 | $11.0M | 150 | - |
| James H Clark & Son | 1929 | $8.9M | 100 | - |
| Trekker | 1978 | $120.0M | 600 | 43 |
| Anderson Trucking Service | 1955 | $210.0M | 999 | 100 |
Trans Carriers history FAQs
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Trans Carriers may also be known as or be related to Trans Carriers and Trans-Carriers Inc.