YRC Worldwide CEO Calls for Focus on the Future
OVERLAND PARK, Kan., Nov. 17 /PRNewswire-FirstCall/ -- Bill Zollars, Chairman, President and CEO of YRC Worldwide Inc. (Nasdaq: YRCW), is calling on the transportation and logistics industry to focus on the future.
"In this time of unprecedented economic challenges, our industry needs to focus on continually improving our efficiency and effectiveness," Zollars said. "YRC Worldwide is building on more than 80 years of success. We have an opportunity to improve our performance even in today's economy. That's why we're taking long-ranging actions which improve our ability to effectively, reliably and quickly serve our customers' supply chain needs today, and in the future."
Zollars said the national integration for Yellow Transportation and Roadway is progressing ahead of schedule. The network integration is part of the company's aggressive program to improve operations and solidify its financial position. Other actions include:
- Strategic financial and cost moves to solidify profitability
- Strategic global growth
- Continued enhancement of service offerings in the regional network
- Expanded communications to customers, with regular updates provided at yrcw.com
"With the support from our customers and the collaboration of the Teamsters, our national integration is going even better than we originally anticipated with more than 60 facilities either consolidated or in the process of consolidation. Based on this success, we continue to evaluate our initial timeline and expect that it may be further accelerated," said Zollars.
One goal of the integration of the Yellow and Roadway networks is to lay the groundwork for expanded service capabilities. The consolidated facilities provide enhanced local pick-up and delivery services for both Roadway and Yellow customers.
"Integrating our network enables us to provide unparalleled benefits to customers," said Mike Smid, President and CEO of the YRC Worldwide North American Transportation division. "The integrated network builds shipment densities, allowing us to expand service offerings, improve reliability and serve more direct points."
The network and operational integration reflects the company's philosophy of focusing on the future, while meeting the needs of customers today.
About YRC Worldwide
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, YRC Logistics, New Penn, Holland, Reddaway and 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, Kan., YRC Worldwide employs approximately 58,000 people.
SOURCE: YRC Worldwide Inc.
CONTACT: Suzanne Dawson, YRC Worldwide Inc., +1-212-329-1420,
Web site: http://www.yrcw.com