Sunday, July 24, 2011

Welch confirmed as YRC's next CEO

LTL trucker completes restructuring, posts Q2 results as Zollars retires

In one of the most significant days in its history, less-than-truckload carrier YRC Worldwide Inc. today named a new CEO and eight-member board of directors, formally announced the retirement of the executive who has run the company since 1999, completed a financial restructuring critical to its ongoing success, and released second-quarter results that it said shows some daylight after three dark years.

YRC confirmed late today that long-time transportation executive James L. Welch was named the company's CEO, effective immediately. Until Thursday, when his resignation was announced effective July 22, Welch was president and CEO of Dallas-based transport company Dynamex Inc. He spent nearly 30 years with YRC and its predecessor companies, the last seven as president and CEO of national LTL carrier Yellow Transportation. Yellow Transportation became YRC National following its integration with Roadway Express, which YRC bought in 2003. Full Story.....

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