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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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