Friday, May 04, 2012

YRC’s USF Holland president resigns for ‘other opportunities’

One of YRC Worldwide Inc.’s regional trucking companies is losing its leader.

In a Securities and Exchange Commission    filing Thursday, the Overland Park-based company disclosed that Michael Naatz, president of USF Holland, was resigning, effective May 4, “to pursue other opportunities.”

YRC did not provide additional information.

Naatz was made president of USF Holland last year. He worked for USF Corp. for 11 years until YRC bought the company in 2005. He also worked as chief integration officer for the Yellow-Roadway combination and as president of YRC’s customer care division.

USF Holland provides regional deliveries to 12 states and two Canadian provinces in a swath of the mid-Atlantic and upper Midwest.

YRC doesn’t break out operational statistics for its individual regional subsidiaries, which also include USF Reddaway and New Penn. But it said that during the first quarter, the three companies reported a 4.7 percent increase in tons shipped daily and a 12.6 percent gain in revenue.

No comments: