| OVERLAND PARK, KS - Yellow Roadway
Corporation (Nasdaq: YELL) announced that it has changed its name to YRC
Worldwide Inc., and as of January 4th its stock ticker changes to "YRCW"
on The NASDAQ Stock Market.
"Simply put, the breadth and depth of the
enterprise is greater than the name Yellow Roadway conveys. 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," said Bill Zollars, chairman, president and CEO of
YRC Worldwide. "Our new name, YRC Worldwide, better reflects the
reality of what our enterprise is today. Our aspirations for the future
remain consistent with our core purpose: Making global commerce work by
connecting people, places and information."
The new name signals the continuation of the
strategy of the company. The company acquired Roadway Corporation in
December 2003. The acquisition of USF Corporation in May 2005 added
nationwide scale in the next-day and regional markets. Meridian IQ
offers global logistics management and freight forwarding services and
now provides expanded capabilities through recent China-based joint
ventures.
YRC Worldwide is the holding company for a
portfolio of successful brands including Yellow Transportation, Roadway
Express, Reimer Express, USF Holland, USF Reddaway, USF Bestway, USF
Glen Moore, New Penn Motor Express and Meridian IQ.
"We continue to build our brands and expand
our international, national and regional capabilities," added Bill
Zollars. "Our objective is to provide seamless, end-to-end global
transportation solutions to our customers."
In conjunction with the name change, YRC Worldwide
has changed its Web site URL to http://yrcw.com
.
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