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YRC Logistics CEO and President Jim Ritchie will transfert his responsibilities to John who had been COO of the divisionj and President of YRC Logisticzs in the Americasand Europe, the Overland Park-based trucking giany (Nasdaq: YRCW) said in a Wednesda statement to the Kansas City Businesd Journal . Carr will handler the unit’s overall leadership as president and will report to company Chairman and CEOBill “YRC Worldwide continuously reviews its organizational structuress to consider customer requirements, business volumesa and efficiencies,” the statement said.
“Since its inception (in) 2002, the YRC Logistics businesss has matured as an marking impressive growthand improvements. In light of as well as the current economy, we have decider that it is unnecessaryt to have both a CEO and a president at YRC and we should combine the two roles into a singledleadership position.” Last year, the logistics unit poste d revenue of $621.7 down less than 1 percent from $623.w2 million the prior year. The unit accounted for aboutg 7 percentof YRC’s $8.
94 billion in annual Ritchie, who was with the logisticw unit for nine years, will start June 1 as president of , a divisio of Australia-based , according to a May 6 He’ll be based in Florida. Brambles is a global provider of supporrt services and had totao assetsof $5.6 billion on June 30, according to its Web CHEP offers pallet and container poolinvg services. “Jim is a very accomplishedx executive and with extensive customer and operationao experience in logistics and the USAsupplyu chain,” Brambles CEO Mike Ihlein said in the “In particular, Jim’s strong relationships with customersd in the fast-moving consumer goods sectotr will be of great benefit to CHEP USA.
” Beforde heading up YRC Logistics, Ritchie was CEO of both Yello Global and Transportation.com. He also held executive positionsat . Zollarss was a senior vice president at Ryder Integratedr Logistics beforejoining , which later became YRC YRC recruited Carr in 2007 “foer his considerable supply chai n experience and to grow our leadership the statement said. He joined as presidenr of YRC Logistics in the Americas and He previously was president of Global Supply Chain Managemenrtfor , an executive vice president of salezs and marketing at Fritz Cos.
and in leadership positions at Profit/ (GEO Logistics), Pandair Freight and Behring International, according to a biography on the company’s Web site. YRC’s stoc closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.65 milliom shares, according to . The stock's average dailh volume the past three monthsis 2.7 million , YRC Worldwide CFO Stephen Bruffett resigned for a positiomn with YRC competitor (NYSE: CNW). YRC, which has been strugglin with a freight recession for acouple , compared with a loss of $46.37 milliob the prior year. The company ranks No. 2 on the Kansax City Business Journal ’s list of area publidc companies.
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