THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Swift Transportation Co., Inc. (SWFT)

4/7/2006 Proxy Information

Discontinuing Related Party Transactions

In April 2005, Robert W. Cunningham, current Chief Executive Officer sold his business, Cunningham Commercial Vehicles (“CCV”), a Freightliner dealership to an unrelated third party and retains no continuing interest. Prior to the sale of CCV, Swift purchased tractors, parts and services from this business totaling $20 million in 2005.

Swift Aviation Services, Inc. and Swift Air, Inc., corporations wholly-owned by former Chief Executive Officer and Director Jerry Moyes, provided air transportation services to Swift totaling $587,000 in 2005.

Continuing Related Party Transactions

Swift obtains drivers for the owner-operator portion of its fleet by entering into contractual arrangements either with individual owner-operators or with fleet operators. Fleet operators maintain a fleet of tractors and directly negotiate with a pool of owner-operators and employees whose services the fleet operator then offers to Swift. One of the largest fleet operators with whom Swift does business is Interstate Equipment Leasing, Inc. (“IEL”), a corporation wholly-owned by Jerry Moyes. Swift pays the same or comparable rate per mile for purchased transportation services to IEL that it pays to independent owner-operators and other fleet operators. During 2005, Swift paid $25.5 million to IEL for purchased transportation services. Swift owed $444,000 for these purchased transportation services at December 31, 2005.

Swift also has purchased new tractors and sold them to IEL at a mark-up over Swift’s cost. Both the purchase price of the tractors and Swift’s margin are prepaid by IEL before Swift acquired the tractors. IEL then leased the tractors to its pool of owner-operators and employees, including owner-operators that haul loads for Swift. Swift believes this arrangement allowed it to obtain ready access to IEL’s pool of owner-operators while avoiding the carrying and overhead costs associated with owning the tractors and leasing them to owner-operators. In 2005, Swift acquired new tractors and sold them to IEL for $1.4 million and recognized fee income of $54,000.

In addition, Swift provides drivers and trainees to IEL to operate IEL trucks on Swift loads. In 2005, Swift received $5.2 million from IEL for wages and benefits of drivers and trainees provided to IEL. At December 31, 2005, Swift was owed $513,000 for these services, all of which was subsequently paid. Swift paid IEL $118,000 during 2005 for various other services (including driver security deposits transferred from MS Carriers (a company previously acquired by Swift) to IEL upon drivers obtaining new leases and reimbursement to IEL for Prepass usage (for toll payments) by their drivers on Swift loads). Also in 2005, Swift purchased two tractors from IEL totaling $88,000.

Swift provides transportation, repair, facilities leases and other services to several trucking companies affiliated with Jerry Moyes as follows:

Two trucking companies affiliated with Jerry Moyes hired Swift for truckload hauls for their customers in 2005: Central Freight Lines, Inc. (“Central Freight”), a publicly traded less-than truckload carrier and Central Refrigerated Service, Inc. (“Central Refrigerated”), a privately held refrigerated truckload carrier. Jerry Moyes owns approximately 40% of Central Freight and previously served as its Chairman. Central Freight’s board recently approved Mr. Moyes’ purchase of Central Freight. Mr. Moyes is the principal stockholder of Central Refrigerated. Swift also provided repair, facilities leases and other truck stop services to Central Freight and Central Refrigerated. Swift recognized $15.7 million in operating revenue in 2005 for these services to Central Freight and Central Refrigerated. At December 31, 2005, $543,000 was owed to Swift for these services.

Swift also provided freight services for two additional companies affiliated with Jerry Moyes — SME Industries and Aloe Splash/Aloe Splash DIP. Total revenues to Swift for these services in 2005 were $132,000. At December 31, 2005, $24,000 was owed to Swift for these services.

The rates that Swift charges each of these companies for transportation services, in the case of truckload hauls, are market rates comparable to what it charges its regular customers, thus providing Swift with an additional source of operating revenue at its normal freight rates. The rates charged for repair and other truck stop services are comparable to what Swift charges its owner operators. In addition, Swift leases facilities from Central Freight and paid $240,000 for facilities rented in 2005.

Swift purchased $499,000 of refrigeration units and parts in 2005 from Thermo King West, a Thermo King dealership owned by William F. Riley III, an executive officer of Swift until July 2005 and former member of the Board of Directors, who is also the father of Jeffrey Riley, a current executive officer of Swift. Jeffrey Riley is not an officer, director or shareholder of any of his father’s businesses. Thermo King Corporation, a unit of Ingersoll-Rand Company Limited, requires that all purchases of refrigeration units be made through one of its dealers. Thermo King West is the exclusive dealer in the southwest. Pricing terms are negotiated directly with Thermo King Corporation, with additional discounts negotiated between Swift and Thermo King West once pricing terms are fixed with Thermo King Corporation. Thermo King Corporation is one of only two companies that supplies refrigeration units that are suitable for Swift’s needs. In addition, to Thermo King West, Bill Riley owns Trucks West, which operates franchised service and parts facilities for Volvo tractors. Swift purchased $706,000 in parts and services from Trucks West in 2005.

All of the above related party arrangements were approved by the independent members of Swift’s Board of Directors.

4/15/2005 Proxy Information

In November 2004, Swift hired Robert W. Cunningham as its President and Chief Operating Officer and disclosed at that time that Mr. Cunningham is the owner of Cunningham Commercial Vehicles, a Freightliner dealership. Swift purchased tractors, parts and services from Cunningham Commercial Vehicles totaling $25 million in 2004. Purchases since Mr. Cunningham’s appointment total $957,000. At December 31, 2004, Swift owed $347,000 for these purchases. Gross commissions earned in 2004 subsequent to Mr. Cunningham’s appointment totaled $213,443. Mr. Cunningham has found a buyer for, and is in the process of completing the sale of, his business to eliminate any future related party transactions. In addition to Cunningham Commercial Vehicles, Mr. Cunningham owns Nexuse Manufacturing, from whom Swift purchased a truck repair facility (and accompanying parts and equipment) in July 2004 prior to Mr. Cunningham’s appointment as President and Chief Operating Officer of Swift. The facility was purchased for $800,000 and the parts and equipment purchase totaled $10,825. There were no subsequent transactions with Nexuse and none are anticipated in the future.

Swift obtains drivers for the owner-operator portion of its fleet by entering into contractual arrangements either with individual owner-operators or with fleet operators. Fleet operators maintain a fleet of tractors and directly negotiate with a pool of owner-operators and employees whose services the fleet operator then offers to Swift. One of the largest fleet operators with whom Swift does business is Interstate Equipment Leasing, Inc. (“IEL”), a corporation wholly-owned by Jerry Moyes, Swift’s Chief Executive Officer. Swift pays the same or comparable rate per mile for purchased transportation services to IEL that it pays to independent owner-operators and other fleet operators. During 2004, Swift paid $13.1 million to IEL for purchased transportation services. Swift owed $536,000 for these purchased transportation services at December 31, 2004.

Swift also purchases new tractors and sells them to IEL at a mark-up over Swift’s cost. Both the purchase price of the tractors and Swift’s margin are prepaid by IEL before Swift acquires the tractors. IEL then leases the tractors to its pool of owner-operators and employees, including owner-operators that haul loads for Swift. Swift believes this arrangement allows it to obtain ready access to IEL’s pool of owner-operators while avoiding the carrying and overhead costs associated with owning the tractors and leasing them to owner-operators. In 2004, Swift acquired new tractors and sold them to IEL for $17.2 million and recognized fee income of $618,000.

In addition, Swift sells used tractors to IEL. During 2004, Swift sold used revenue equipment totaling $89,500 and recognized a gain of $41,000. At December 31, 2004, nothing was owed to Swift for this equipment. Swift also provides drivers and trainees to IEL to operate IEL trucks on Swift loads if there is no Swift equipment available. In 2004, Swift received $2.7 million from IEL for wages and benefits of drivers and trainees provided to IEL for this purpose. At December 31, 2004, Swift was owed $198,000 for these services. Swift paid IEL $104,000 during 2004 for various other services (including driver security deposits transferred from MS Carriers to IEL upon drivers obtaining new leases).

Swift Aviation Services, Inc. and Swift Air, Inc., corporations wholly-owned by Mr. Moyes, provide air transportation services to Swift. These services totaled $395,000 for the year ended December 31, 2004. Swift owed nothing for these services at December 31, 2004.

Swift provides transportation, repair, facilities leases and other services to several trucking companies affiliated with Mr. Moyes as follows:

Two trucking companies affiliated with Mr. Moyes hire Swift for truckload hauls for their customers: Central Freight Lines, Inc. (Central Freight), a publicly traded less-than truckload carrier and Central Refrigerated Service, Inc. (Central Refrigerated), a privately held refrigerated truckload carrier. Mr. Moyes owns an approximately 40% interest in Central Freight and serves as its Chairman. Mr. Moyes is the principal stockholder of Central Refrigerated. Swift also provides repair, facilities leases and other truck stop services to Central Freight and Central Refrigerated. Swift recognized $14.8 million in operating revenue in 2004 for these services to Central Freight and Central Refrigerated. At December 31, 2004, $1 million was owed to Swift for these services.

Swift provides freight services for two additional companies affiliated with Mr. Moyes — SME Industries and Aloe Splash with total operating revenues of $336,000 recognized for year ended December 31, 2004. At December 31, 2004, $115,000 was owed to Swift for these services.

The rates that Swift charges each of these companies for transportation services, in the case of truckload hauls, are market rates comparable to what it charges its regular customers, thus providing Swift with an additional source of operating revenue at its normal freight rates. The rates charged for repair and other truck stop services is comparable to what Swift charges its owner operators, which is at a mark up over Swift’s cost. In addition, Swift leases facilities from Central Freight and paid $422,000 to the carrier for facilities rented in 2004.

The Company purchased $284,000 of refrigeration units and parts in 2004 from Thermo King West, a Thermo King dealership owned by William F. Riley III, an executive officer of Swift. Thermo King Corporation, a unit of Ingersoll-Rand Company limited, requires that all purchases of refrigeration units be made through one of its dealers. Thermo King West is the exclusive dealer in the southwest. Pricing terms are negotiated directly with Thermo King Corporation, with additional discounts negotiated between Swift and Thermo King West once pricing terms are fixed with Thermo King Corporation. Thermo King Corporation is one of only two companies that supplies refrigeration units that are suitable for Swift’s needs.

Swift obtains legal services from Scudder Law Firm. Earl H. Scudder, a director of Swift, is a member of Scudder Law Firm. The rates charged to Swift for legal services reflect market rates charged by unrelated law firms for comparable services.

Swift made a one-time purchase of 300 tow booms from Southwest Stair, a steel fabricator and subsidiary of SME Industries in the amount of $699,000. The tow booms were required for delivery of new Volvo tractors. Bids were obtained from 2 other unrelated parties, however, only Southwest Stair could meet the time-frame commitment required by Swift for timely delivery of the tractors.

Swift believes that the terms of the foregoing transactions were as favorable to Swift as those that would have been available from an independent third party. All of the foregoing arrangements were approved by the independent members of the Board of Directors. For additional information, see “Report of the Nominating/ Corporate Governance Committee” on page 9 of this Proxy Statement.

11/3/2004 8K Information

Cunningham Commercial Vehicles sells trucks and parts to Swift Transportation. Gross commissions earned in calendar year 2003 were approximately $2,372,040 and year-to-date through October 2004, $945,265. Mr. Cunningham is actively pursuing a buyer for his business to eliminate any future related party transactions.

4/13/2004 Proxy Information

The Company purchased $2.4 million of refrigeration units and parts in 2003 from Thermo King West, a Thermo King franchise owned by William F. Riley III, an executive officer of Swift. Thermo King Corporation, a unit of Ingersoll-Rand Company Limited, requires that all purchases of refrigeration units be made through one of its franchisees. Thermo King West is the exclusive franchisee in the southwest. Pricing terms are negotiated directly with Thermo King Corporation, with additional discounts negotiated between Swift and Thermo King West once pricing terms are fixed with Thermo King Corporation. Thermo King Corporation is one of only two companies that supplies refrigeration units that are suitable for Swift’s needs. For 2004, Swift intends to negotiate with both suppliers and award the contract to one of them based on such negotiations.

Swift purchases truck parts from Trucks West, which is controlled by William F. Riley, III. The per-part costs paid by Swift to Trucks West are comparable to costs that would be paid to an unaffiliated supplier. These purchases totaled $60,000 in 2003.

Hard 4, an entity controlled during 2003 by family members of William F. Riley, III, sells apparel and other merchandise to Swift for resale in the Company’s store. These purchases totaled $427,000 in 2003. The Riley family members have sold their Hard 4 interests.

Swift obtains drivers for the owner-operator portion of its fleet by entering into contractual arrangements either with individual owner-operators or with fleet operators. Fleet operators maintain a fleet of tractors and directly negotiate with a pool of owner-operators whose services the fleet operator then offers to Swift. The largest single fleet operator with whom Swift does business is Interstate Equipment Leasing, Inc. (“IEL”), a corporation wholly-owned by Jerry Moyes, Swift’s Chief Executive Officer. Swift pays the same or comparable rate per mile for purchased transportation services to IEL that it pays to independent owner-operators and other fleet operators. Swift’s use of IEL owner-operators permits Swift to expand its base of owner-operators, while avoiding the additional staffing and overhead costs that would be required to directly oversee the owner-operator portion of Swift’s fleet. During 2003, Swift paid $17.3 million to IEL for purchased transportation services.

Swift also purchases new tractors and sells them to IEL at a mark up over Swift’s cost. Both the purchase price of the tractors and Swift’s margin are prepaid by IEL before Swift acquires the tractors. IEL then leases the tractors to its pool of owner-operators, including owner-operators that haul loads for Swift. Swift believes this arrangement allows it to obtain ready access to IEL’s pool of owner-operators while avoiding the carrying and overhead costs associated with owning the tractors and leasing them to owner-operators. In 2003, Swift acquired new tractors and sold them to IEL for $54.0 million, and recognized fee income of $1.9 million.

In addition, Swift sells used tractors and provides repair services and driver trainees to IEL. Repair services are generally charged to IEL based on the same rates charged to other owner-operators. During 2003, Swift sold used revenue equipment to IEL totaling $319,000 and recognized a gain of $23,000. At December 31, 2003, nothing was owed to Swift for this equipment. In 2003, Swift received $4.9 million from IEL for repair services and was paid $135,000 by IEL for various other services (including reimbursement of driver trainee salary).

Swift provides transportation, repair, facilities leases and other services to several trucking companies affiliated with Jerry Moyes as follows:

Two trucking companies affiliated with Jerry Moyes hire Swift for truckload hauls for their customers: Central Freight Lines, Inc. (Central Freight), a publicly traded less-than truckload carrier and Central Refrigerated Service, Inc. (Central Refrigerated), a privately held refrigerated truckload carrier. Jerry Moyes owns an approximately 40% interest in Central Freight and serves as its Chairman. Mr. Moyes is the principal stockholder of Central Refrigerated. Swift also provides repair, facilities leases and other truckstop services to Central Freight and Central Refrigerated. Swift recognized $22.6 million in operating revenue in 2003 for these services to Central Freight and Central Refrigerated.

The rates that Swift charges Central Freight and Central Refrigerated for transportation services, in the case of truckload hauls, are market rates comparable to what it charges its regular customers, thus providing Swift with an additional source of operating revenue at its normal freight rates. The rates charged for repair and other truckstop services are comparable to what Swift charges its owner operators, which is at a mark up over Swift’s cost. In addition, Swift leases facilities from Central Freight and paid $612,000 to the carrier for facilities rental in 2003.

Swift provides freight services for SME Industries, Inc., a corporation in which Jerry Moyes is majority shareholder. The rates paid by SME Industries, Inc. for these services are comparable to the rates charged by Swift to unrelated parties. In 2003, SME Industries, Inc. paid the Company $134,000 for freight services.

Swift Aviation Services, Inc. and Swift Air, Inc., corporations wholly owned by Jerry Moyes, provide air transportation services to Swift. Swift believes that the services obtained from these entities provide a cost savings to Swift when compared to the costs to Swift of leasing or otherwise acquiring a comparable aircraft. These services totaled $577,000 for the year ended December 31, 2003.

Swift performs repair and maintenance services for vehicles owned by Jerry Moyes. These services totaled $92,000 in 2003.

Swift obtains legal services from Scudder Law Firm. Earl Scudder, a director of Swift, is a member of Scudder Law Firm. The rates charged to Swift for legal services reflect market rates charged by unrelated law firms for comparable services. In 2003, Swift incurred fees for legal services from Scudder Law Firm in the amount of $341,000.

4/22/2003 Proxy information

During 2002, Swift purchased $4.3 million of refrigeration units from Thermo King West, a corporation owned by William F. Riley III.

Interstate Equipment Leasing, Inc. (“IEL”), a corporation wholly-owned by Jerry Moyes, leases tractors to some of Swift’s owner operators. In connection with this program, during 2002 Swift acquired new tractors and sold them to IEL for $35.7 million and recognized fee income of $1.3 million. During 2002, Swift also sold used revenue equipment to IEL totaling $1.1 million and recognized a gain of $83,000. At December 31, 2002, nothing was owed to Swift for this equipment.

In addition, IEL operates as a fleet operator for Swift. During 2002, Swift paid $23.4 million to IEL for purchased transportation services. At December 31, 2002, Swift owed $131,000 for these transportation services. Also, Swift was paid $4.2 million by IEL and paid $116,000 to IEL for various services, including training. At December 31, 2002, $592,000 was owed to Swift and Swift owed nothing for these services.

Swift Aviation Services, Inc., a corporation wholly-owned by Jerry Moyes, provides air transportation services to Swift. Such services totaled $764,000 for the year ended December 31, 2002. At December 31, 2002, $48,000 was owed to Swift Aviation for air transportation services.

Jerry Moyes acquired a significant ownership interest in Central Freight Lines, Inc. during 1997. Swift provides transportation and other services to Central Freight Lines and other entities owned by Mr. Moyes and recognized $20.8 million in operating revenue therefrom in 2002. At December 31, 2002, $2.9 million was owed to Swift for these services. In addition, Swift paid $417,000 to Central Freight Lines for facilities rental during the year ended December 31, 2002.

Swift provides transportation, repair and other services to Simon Transportation Services, Inc., which is majority owned by Jerry Moyes. Swift recognized $380,000 in revenues from these services in 2002. At December 31, 2002, nothing was owed to Swift for these services.

During 2002, Swift incurred fees for legal services to Scudder Law Firm in the amount of approximately $123,000. Mr. Earl Scudder, a director of Swift, is a member of Scudder Law Firm.