NEW YORK () -- Shares of Swift Transportation () were up 6.49% to $21 in after-hours trading on Thursday as the Phoenix-based transportation services company's CEO Jerry Moyes is retiring at the end of 2016.
Moyes will be succeeded by Richard Stocking, the company's president and COO, Swift Transportation said in a statement this afternoon.
Stocking and Moyes will serve as Co-CEOs until Moyes retires on Dec. 31.
Moyes founded the truckload motor shipping carrier 50 years ago.
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