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YRC Worldwide Announces Organizational Changes

 
 

-- Yellow Transportation and Roadway to be led by a single management team

for accelerated business growth -- Enterprise Solutions Group established

for easier customer access to the complete service portfolio of YRC

Worldwide brands



    OVERLAND PARK, Kan., Jan. 15 /PRNewswire-FirstCall/ -- YRC Worldwide
 Inc. (Nasdaq:   YRCW) today announced organizational changes designed to
 support the corporation's growth through increased efficiencies and focused
 business development strategies.
     "The first phase of our strategy involved gaining sufficient scale and
 building greater capabilities through our acquisitions of Roadway and the
 USF companies, as well as our activities in China, such as our JHJ joint
 venture," said Bill Zollars, Chairman, President and CEO. "YRC Worldwide
 now has the comprehensive service portfolio needed to support ongoing,
 profitable growth in the U.S. and around the world."
     YRC National Transportation
     Zollars announced that the next phase of the strategy will bring the
 management of the corporation's two largest subsidiaries -- Yellow
 Transportation and Roadway -- under one organization established as YRC
 National Transportation. Mike Smid has been named President and CEO of YRC
 National Transportation.
     "Yellow Transportation and Roadway will maintain their strong,
 independent brands and networks in the marketplace," Smid said. "The new
 organization will allow us to respond faster and more efficiently to the
 changing marketplace by leveraging our resources and experience. We are
 committed to bringing added value to customers for both brands through
 enhanced services and stronger supply chain solutions."
     Smid had been President of Roadway. He will be succeeded in that
 position by Terry Gilbert, who had been Executive Vice President of Sales
 and Marketing of Roadway. James Welch, President of Yellow Transportation,
 is retiring effective January 31. Welch will be succeeded by Maynard
 Skarka, who had been Senior Vice President of Operations for Yellow
 Transportation. Both Skarka and Gilbert will report to Smid.
     YRC Enterprise Solutions Group
     Zollars also announced the establishment of the YRC Enterprise
 Solutions Group to serve customers with transportation and logistics needs
 that span the comprehensive portfolio of services provided by the YRC
 Worldwide family of brands. This group will be led by Greg Reid, Executive
 Vice President - Enterprise Solutions Group and Chief Marketing Officer.
     "This group will create a single point of contact for easier access to
 the portfolio of YRC Worldwide brands," said Reid. "The YRC Enterprise
 Solutions Group will develop strategic solutions leveraging the services of
 all the YRC Worldwide companies and provide more value to our customers,
 resulting in additional growth for our operating companies."
     YRC Worldwide Inc., a Fortune 500 company and one of the largest
 transportation service providers in the world, is the holding company for a
 portfolio of successful brands including Yellow Transportation, Roadway,
 Reimer Express, Meridian IQ, New Penn, USF Holland, USF Reddaway, and USF
 Glen Moore. The enterprise provides global transportation services,
 transportation management solutions and logistics management. The portfolio
 of brands represents a comprehensive array of services for the shipment of
 industrial, commercial and retail goods domestically and internationally.
 Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately
 70,000 people.
 
 

SOURCE YRC Worldwide Inc.
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