Tuesday, February 08, 2011

New Penn Isn't for Sale

New Penn Motor Express is not for sale.

So said the president and chief executive officer of New Penn's parent, YRC Worldwide, during a conference call with trucking industry analysts late last week.

Analyst David Ross asked CEO William Zollars about whether YRCW might consider "carving any of those (YRCW holdings) out and potentially selling Holland or New Penn or one of those?"

"No," Zollars said, "I think we're very comfortable with the portfolio as it exists. And I think all of those brands are driving really good equity in the market. And so we have no plans to do that, David." Full Story......

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