Yellow Roadway Begins Its First Full Week
The $1-billion Yellow acquisition of Roadway, finalized late last week, brings together two of the strongest brands in transportation and creates an enterprise with more than $6 billion in combined 2003 revenue
The $1-billion Yellow acquisition of Roadway, finalized late last week, brings together two of the strongest brands in transportation and creates an enterprise with more than $6 billion in combined 2003 revenue.
"The Roadway transaction is a significant milestone in the continuing transformation of both companies," says Bill Zollars, chairman, president and CEO of Yellow Roadway Corp. "Together, we have the increased scale, strong financial base and market reach needed to enhance shareholder value. We firmly believe this is the right strategy with the right partner at the right time."
At events to mark the closing of the acquisition, Zollars announced the Yellow Roadway senior leadership team:
-- Jim Staley, president and CEO, Roadway Group
-- James Welch, president and CEO, Yellow Transportation
-- Jim Ritchie, president and CEO, Meridian IQ
-- Mike Smid, president, Enterprise Services and chief integration officer
-- Lynn Caddell, president, Yellow Technologies
-- Don Barger, senior vice president and chief financial officer
-- Stephen Bruffett, senior vice president, Corporate Development and Investor Relations
-- Dan Churay, senior vice president, general counsel and secretary
-- Greg Reid, senior vice president and chief marketing officer
-- Steve Yamasaki, senior vice president, Human Resources.
A comprehensive review of administrative and support functions is being conducted, and Zollars says "best practices identified at Yellow and Roadway will be implemented to benefit our employees, our customers and our investors."
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