MIQ Logistics Names Joey Carnes As Chairman and Ceo

OVERLAND PARK, Kan., Aug. 18 /PRNewswire/ -- MIQ Logistics, formerly YRC Logistics, today announces that, effective immediately, Joey Carnes assumes the responsibilities of chairman and chief executive officer, responsible for the overall global performance of the supply chain management company.

Previously president and CEO of BAX Global Inc., a $3 billion global supply chain company, Carnes brings over 30 years of experience in building strong customer-centric logistics operations and directing the changes necessary to respond to ever-changing market conditions.  

"I am very excited to be joining MIQ Logistics," says Carnes.  "I've had the opportunity to meet the MIQ Logistics leadership team and gained a deep respect for their abilities.  In addition, it is immediately apparent that we share the same business approach which emphasizes continuous improvement and responsiveness to customer needs. What sets any service organization apart is the employee base, and I am fortunate to be joining a company with such high caliber employees."  

Carnes will work closely with John Carr, president and chief operating officer. "Bringing Joey in as our chairman and CEO again shows the commitment of our partners, Austin Ventures, to our company," says Carr.  "I've known, worked with, and respected Joey for over 20 years.  Over those years I've seen him grow companies such as ours into industry powerhouses.  He understands the business like few others, he relates well with clients, and he values the contributions of employees.  I am more than pleased to be working side-by-side with him."

Carnes joined BAX Global in 1999 as president-U.S. and Canada.  Shortly thereafter, he assumed leadership of the company's 15,000 employees and 500 offices in 123 countries. While there, Deutsche Bahn AG purchased BAX, and Carnes had oversight responsibilities for the company's integration with Schenker AG, with a specific focus on customer integration and network capabilities.    

Prior to BAX, Carnes was executive vice president of Fritz Companies, where he was responsible for $900 million in revenue, 4,600 employees and total P&L for North America and the FedEx express clearance operations in Memphis, Tenn., Anchorage, Ala., and Oakland, Calif.  During his 12 years with Fritz, he was instrumental in the organization's growth, which included 50 acquisitions that moved the company from $100 million in revenue to over $1.2 billion.

Looking to the future, Carnes notes that the economy has yet to rebound fully from the recession, placing ongoing emphasis on the need for flexible, efficient supply chain solutions. "MIQ Logistics has the global, transportation and distribution service capabilities to create value for clients virtually anywhere in the world," he says.  

MIQ Logistics recently entered the market following completion of the sale of the company by YRC Worldwide Inc. to Austin Ventures.  Carnes adds, "With the support of Austin Ventures, we have a unique opportunity to capitalize on the growth potential available in today's market."

Carnes joins an established leadership team at MIQ Logistics which includes John Carr, president and chief operating officer; Brenda Stasiulis, chief financial officer; Reid Schultz, general counsel and chief administrative officer; Dan Bentzinger, chief information officer;  David Griffith, senior vice president of Logistics; and Michael Collins, senior vice president of Global Operations.

About MIQ Logistics

MIQ Logistics is a global logistics company headquartered in Overland Park, Kansas and with offices in North America, Asia, Europe and South America.  MIQ Logistics enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by the latest Web-native technology and global logistics management capabilities.

About Austin Ventures

Austin Ventures ("AV") has worked with talented executive teams to build valuable companies for over twenty-five years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With a long-term investment perspective, AV focuses on business services, supply chain, financial services, media and information services, software and Internet, and Texas special situations.  AV invests at all stages of company development, from $100,000 in "planned experiments" in early stage ideas to $100+ million investments in expansion rounds, minority recapitalizations, and buyouts of lower middle market growth companies. AV has been an active investor in the transportation and logistics and continues to actively expand its presence in the space.  

SOURCE MIQ Logistics