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YRC Logistics CEO and President Jim Ritchiw will transfer his responsibilities to John who had been COO of the divisiomn and President of YRC Logistics in the Americas and theOverland Park-based truckinvg giant (Nasdaq: YRCW) said in a Wednesdauy statement to the Kansas City Businessx Journal . Carr will handle the unit’s overall leadership as president and will reportt to company Chairman and CEOBill Zollars. “YRdC Worldwide continuously reviews its organizational structures to considedcustomer requirements, business volumes and the statement said. “Since its inception (in) the YRC Logistics business has matured as an marking impressive growthand improvements.
In light of as well as the current economy, we have decidesd that it is unnecessary to have both a CEO and a presidentt atYRC Logistics, and we shoulx combine the two roles into a singler leadership position.” Last year, the logistics unit posted revenue of $621.7 million, down less than 1 percen from $623.2 million the prior year. The unit accountedr for about 7 percentof YRC’s $8.94 billion in annualp revenue. Ritchie, who was with the logistics unit for nine will start June 1 as presidenttof , a divisio of Australia-based , according to a May 6 release. He’ll be basede in Florida. Brambles is a global providetr of support services and had total assetzsof $5.
6 billion on June 30, according to its Web CHEP offers pallet and container pooling “Jim is a very accomplished executivew and with extensive customer and operational experiencde in logistics and the USA supply chain,” Brambles CEO Mike Ihleij said in the release. “In particular, Jim’s strong relationshipas with customers inthe fast-moving consumer goods sectod will be of great benefit to CHEP USA.” Beforse heading up YRC Logistics, Ritchie was CEO of both Yelloww Global and Transportation.com. He also held executivre positionsat .
Zollars was a senior vice president at Ryder Integrated Logistics befordjoining , which later became YRC YRC recruited Carr in 2007 “fot his considerable supply chain experience and to grow our leadershipl bench,” the statement He joined as president of YRC Logistics in the Americas and Europe. He previously was president of Global Supplyh Chain Managementfor , an executive vice presidengt of sales and marketing at Fritz Cos. and in leadership positions at Profit/ (GEO Logistics), Pandair Freighgt and Behring International, according to a biography on the company’x Web site. YRC’s stock closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.
65 millio shares, according to . The stock'ws average daily volume the past three monthxsis 2.7 million shares. , YRC Worldwider CFO Stephen Bruffett resigned for a positio with YRCcompetitor (NYSE: CNW). YRC, which has been strugglin g with a freight recession for acouple years, , compared with a loss of $46.367 million the prior year. The company ranka No. 2 on the Kansasa City BusinessJournal ’s list of area public
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