Yellow Global Forms Strategic Alliance with Road Air Distribution B.V. to Provide Comprehensive Transportation and Logistics Solutions
Overland Park, KS—January 8, 2002 — Yellow Global today announced a strategic alliance with Road Air Distribution B.V., part of BV Transport Management International Holding (TMI). The alliance was created to leverage the combined strength of Yellow Global and Road Air Distribution to deliver best-in-class transportation and logistics solutions to fulfill the needs of its customers.
Yellow Global will represent Road Air Distribution in the United States and Road Air Distribution will represent Yellow Global in Europe in the areas of logistics, distribution, value added services and inter-country ground transportation. Yellow Global has developed and implemented a complete agency network structure throughout Europe to handle intra-country freight forwarding activities.
“Yellow Global recognizes Road Air Distribution as the leader for high quality transportation and logistics services in the Benelux region," said Jim Ritchie, President and CEO of Yellow Global. "Together, Yellow Global and Road Air Distribution will provide a broad portfolio of solutions to our customers in Europe and the United States. This partnership will be a vital component of our strategy as we continue to expand our global service offering."
This strategic alliance will offer high quality, cost effective end-to-end services in the areas of logistics, transportation and value added services to their collective customer base.
"We are excited about our relationship with Yellow Global," said Wibo Aris, President and CEO of TMI. "The performance of Yellow Global including its emphasis on service and innovation, and commitment to state-of-the-art technology and facilities make it a premier partner for Road Air Distribution."
“Our combined experience and technological expertise will provide superior solutions addressing the transportation and logistics needs of our customers,” said Alex Miskov, Senior Vice President and COO of Yellow Global. “We are very excited by the value this new alliance brings to the market.”
Yellow Global recently ended its ten-year relationship with the Frans Maas Group. As part of its long-term business strategy, Yellow Global is making the first of several announcements that will introduce alliances across Europe to enable their customers access to cost effective solutions to fulfill their transportation and logistics needs.
About Yellow Global
Yellow Global is the sole international transportation service provider for Yellow Corporation. Yellow Corporation (NASDAQ:YELL) based in Overland Park, Kansas, USA is a leading Fortune 500 transportation services company. Its wholly owned operating subsidiaries specialize in the worldwide movement of industrial, commercial and retail goods. Yellow Corporation has approximately 32,000 employees with approximate annual revenues of 3.6 billion in 2001.
About Road Air Distribution
Road Air Distribution is situated in a state-of-the-art distribution center in Etten-Leur, the Netherlands, from which it has close access to the European hinterland. Its main activities are warehousing and European road transportation. Road Air Distribution in conjunction with its sister company Road Air Transport has a strong European network with highly qualified and independent partners. Road Air Distribution has various public and dedicated warehouses in the Benelux. Both companies are part of the TMI Group, whose activities are mainly related to logistics service with a leading position in the Benelux. TMI has about 1,750 employees and expects a turnover of approximately € 550 million in 2001.
Contact:
Linden Alschuler & Kaplan
Suzanne Dawson
(212) 575-4545
sdawson@lakpr.com
or
Road Air Distribution B.V.
Angela Verbrugge
+31 20 3163900
angela.verbrugge@tmiholding.nl