| YRC Regional
Transportation Announces Operational and Management Consolidations |
| USF Reddaway and
USF Bestway Consolidate; USF Holland Expands Coverage |
| From the RD
News Desk
|
| AKRON, Ohio,
-- YRC Regional Transportation, a subsidiary of YRC Worldwide Inc.
(Nasdaq: YRCW - News), announced today the consolidation of USF Bestway
and USF Reddaway and the geographic expansion of USF Holland. Although
the transition begins immediately, customers will experience no initial
changes to their service. Over time, these operational changes are
intended to benefit customers through improved services and scope of
coverage. To assure a smooth transition, the companies will communicate
specifics to customers as they implement these enhancements. Highlights
of the forthcoming changes are as follows: |
- USF Bestway and USF Reddaway will consolidate
into one organization operating under the USF Reddaway brand.
- USF Reddaway, a recognized leader in regional
delivery, quality handling and on time performance will provide
direct service to a larger geographic area that includes Alaska,
Colorado, Idaho, Montana, Oregon, Utah and Washington, as well as
Alberta and British Columbia, Canada, with new direct service
capabilities in Arizona, New Mexico, Louisiana, Oklahoma and Texas
and expanded capacity in California and Nevada.
- Customers of both companies will be able to
benefit from more regional delivery options and a simpler, more
streamlined customer service experience.
- T.J. O'Connor has been named President and CEO
of USF Reddaway and will lead its management team based in
Clackamas, Oregon. O'Connor had been serving as President and CEO of
USF Bestway for the past year. Previously, he spent 23 years serving
in a variety of executive positions at Roadway Express. Ed
Fitzgerald, who has led USF Reddaway since 2004, will be leaving to
pursue other interests.
- USF Holland will expand its service coverage in
Arkansas, Kansas and Mississippi.
- USF Holland will provide full-state coverage in
Kansas and will further expand its coverage in Arkansas and
Mississippi. In doing so, USF Holland will acquire three USF Bestway
service facilities in these markets -- Little Rock, AR; Wichita, KS;
and Jackson, MS.
- The expansion will provide customers in these
three states with enhanced regional services to the southeastern and
central United States. Existing USF Holland customers benefit from
more regional delivery options into the Midwest and South.
- New Penn and USF Glen Moore, the other two YRC
Regional Transportation companies, are not directly impacted by
these changes.
|
| "The consolidation of the USF
Bestway and USF Reddaway brands creates a more streamlined organization,
a stronger regional network and a very formidable western service
provider," said Jim Staley, President and CEO of YRC Regional
Transportation. That translates into more service options for our
customers and a simpler customer service experience. Additionally, the
expansion of USF Holland deeper into the Midwest and the South provides
our customers access to one of the most reliable and extensive next-day
and regional delivery networks in the industry." |
| "The YRC Regional Transportation
group now has four strong companies with substantial brand equity,"
commented Bill Zollars, Chairman, President and CEO of YRC Worldwide.
"The expansion of USF Holland and USF Reddaway into these new
regional markets will enhance growth prospects for the corporation and
add to shareholder value." |
| YRC Regional Transportation is
comprised of USF Holland, USF Reddaway, USF Glen Moore and New Penn.
Together, the YRC Regional Transportation companies deliver nationwide
services in the next-day, second-day and time-sensitive markets, which
are among the fastest-growing transportation segments. For additional
information, please visit http://www.yrcreg.com . |
| 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. For additional information, please visit
http://www.yrcw.com . |
| Source: YRC Regional
Transportation |
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