| In the transportation industry, their
are leaders and their are followers. Zollars and his crew at YRCW have their
sights set for deep down range and are way out front of the non union
carriers. What is it they see? |
| The Canadian Intelligent Super
Corridor (CISCOR),
which is a national east-west transportation corridor from Vancouver and
Prince Rupert to Montreal and Halifax. North
Americas Super Corridor (NASCO),
Canada America Mexico Corridor (CANAMEX)
and River of Trade Corridor Coalition (ROTCC).
Like it or not, this is the future of the transportation industry. |
| The challenge for Zollars in order to
meet this future is to be able to cut some fat from his top heavy
organizations, get positioned for a downward economy and be prepared to
service all facets of the transportation future, while creating more
Teamster jobs. Below are a few recent events putting things in motion. |
| On June 26, 2007, Meridian
IQ, a wholly owned subsidiary of YRC Worldwide Inc., announced that it
had changed its name to YRC Logistics to better reflect the company’s
expertise in logistics and its relationship to YRC Worldwide. YRC
Logistics is the global logistics services of the YRC Worldwide
companies. |
| YRC Worldwide announced October 25th
that Mike Smid had been named President of North American
Transportation. In this newly created role, Smid is responsible for the
asset-based operating companies of YRC Worldwide, (Yellow, Roadway, the
USF companies and New Penn). Smid continues to report to Bill Zollars,
Chairman, President and CEO of YRC Worldwide. Smid has served as
President of YRC National Transportation since its formation in January
2007 and was previously President of Roadway. Jim Staley, President of
YRC Regional Transportation, announced his retirement effective December
31, 2007. |
| Zollars stated: "These changes
will streamline our management structure and enable significant
opportunities to enhance profitability across the corporation. We are
targeting $100 million over the next six months through the combination
of enhanced operating performance, the elimination of redundant
activities and other cost reductions". |
| On December 13th, 2007, The
International Brotherhood of Teamsters and TMI/YRC Worldwide reached a tentative agreement on a new National Master Freight Agreement
(NMFA) that protects workers’ jobs and benefits and allows the
unionized companies a chance to better compete against the non-unionized
freight companies. |
| On December 19th, 2007, Mike Naatz was
appointed Chief Integration Officer of "North American
Transportation". Naatz's role is to lead the effort to further
streamline operations, improve efficiency and enhance service
capabilities. |
| Zollars is earning his keep by
preparing for the big downward turn. YRCW is still looking at earning
2.40 for 2008. What other major transportation outfit is filling the
sandbags before the flood? Nada... |
| On Dec 19: YRC
Worldwide Inc. (YRCW) closed at $17.49. |
| Report Source(s): |
| http://phx.corporate-ir.net/phoenix.zhtml?c=71156&p=irol-newsArticle_Print&ID=1068004&highlight= |
| http://messages.finance.yahoo.com/mb/YRCW |
