OVERLAND PARK, Kan. - Yellow Roadway Corp. has changed its name to YRC Worldwide Inc., the company announced Tuesday.The name change was meant to reflect the change in the Overland Park-based transportation company's markets and services, said Bill Zollars, chairman and chief executive officer. Yellow acquired Roadway in December 2003 and regional trucker USF Corp. in May 2005. In September, it completed a deal to buy half of the second-largest air freight importer in China, JHJ International Transportation Co.
"Simply put, the breadth and depth of the enterprise is greater than the name Yellow Roadway conveys," Zollars said in a written statement. "We now operate in over 70 countries around the world and our services have expanded to encompass logistics, as well as global, national and regional transportation.As of Wednesday, the company's stock ticker will change to YRCW on the Nasdaq Stock Market.
Shares of YRC Worldwide were down 41 cents at $44.20 in trading Tuesday morning on the Nasdaq. It has traded in a 52-week range of $38.81 to $64.47.