New Century Transportation, Inc. Names Mark Olszewski President

Addition of Industry Veteran Bolsters Capabilities of Executive Management Team

Feb 20, 2013, 06:00 ET from New Century Transportation, Inc.

WESTAMPTON, N.J., Feb. 20, 2013 /PRNewswire/ -- New Century Transportation announced today that Mark Olszewski has been named president of the New Jersey-based transportation company. As president, Olszewski will oversee the organization's management and operations, in addition to the design and implementation of revenue growth strategies.

"Mark Olszewski is a seasoned industry veteran of the transportation industry and brings a wealth of managerial and operational experience to the company," said Terrence Gilbert, CEO of New Century Transportation, Inc. "His multi-functional expertise complements the experience of the existing management team and poises New Century Transportation for future growth."

Olszewski has over 25 years of related experience in the transportation industry, beginning his career with less-than-truckload carrier Roadway Express in 1983. While at Roadway Express, he held various management positions, including Director of Regional Operations and Vice President of the Western Division. Most recently, Olszewski was the senior executive responsible for the complete operation of YRC Reimer and YRC Mexico where he directed daily operations and sales functions for 35 strategic locations throughout Canada, Mexico, and Puerto Rico.

As a premier LTL carrier, New Century Transportation has developed an extensive network of resources, including a fleet of more than 1,000 units, to provide customers with a full range of over-the-road transportation solutions. The company's Load-to-Deliver LTL business model, and complementary truckload segment, is a unique method of providing superior service to its customers.

New Century Transportation is a portfolio company of Jefferies Capital Partners, a private equity investment firm with over $850 million in equity assets under management. Jefferies Capital Partners focuses its investment activity within selected industries in which its professionals have established expertise, including:  Energy & Energy Services, Supply Chain Logistics & Distribution, Restaurants, and Healthcare.

About New Century Transportation, Inc.

New Century Transportation, Inc. is a specialized motor carrier that combines the high revenue yield characteristics of a less-than-truckload carrier with the operating flexibility and low fixed costs of a service-sensitive truckload carrier. The company's unique business model is executed through its Load-to-Deliver System for LTL shipments. New Century offers a full range of over-the-road transportation solutions to its customers, including customized, time-definite, dedicated and specialized less-than-truckload and truckload services. The company's specialized services include the transportation of temperature-controlled and hazardous freight. New Century is based in Westampton, NJ.

SOURCE New Century Transportation, Inc.