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YRC Logistics CEO and Presidentf Jim Ritchie will transfer his responsibilities toJohn Carr, who had been COO of the divisionb and President of YRC Logistics in the Americas and the Overland Park-based trucking giant (Nasdaq: YRCW) said in a Wednesday statement to the Kansaa City Business Journal . Carr will handl the unit’s overall leadership as president and will repor to company Chairman and CEOBill “YRC Worldwide continuously reviews its organizational structures to consider customef requirements, business volumes and efficiencies,” the statement said.
“Sincwe its inception (in) 2002, the YRC Logistics busines has matured asan organization, marking impressiv e growth and improvements. In light of this, as well as the currenyt economy, we have decided that it is unnecessary to have both a CEO and a presidengt atYRC Logistics, and we shoulx combine the two roles into a single leadership Last year, the logistics unit posted revenue of $621.u million, down less than 1 percentr from $623.2 million the prior year. The unit accounted for about 7 percentof YRC’ s $8.94 billion in annual revenue.
Ritchie, who was with the logistices unit fornine years, will start June 1 as presidenrt of , a division of Australia-based , according to a May 6 release. He’ll be baseed in Florida. Brambles is a global provider of supporg services and had total assetsof $5.6 billion on June 30, according to its Web site. CHEP offers pallety and containerpooling services. “Jim is a very accomplishex executive and with extensive customer and operational experiencse in logistics and the USAsupply chain,” Brambles CEO Mike Ihleibn said in the release.
“In particular, Jim’s stronf relationships with customers inthe fast-moving consumet goods sector will be of greaf benefit to CHEP USA.” Before headinhg up YRC Logistics, Ritchie was CEO of both Yellos Global and Transportation.com. He also held executivre positionsat . Zollars was a senior vice president at Ryder Integrated Logistics beforejoining , which latee became YRC Worldwide. YRC recruited Carr in 2007 “fodr his considerable supply chain experience and to grow our leadership bench,” the statement said. He joinesd as president of YRC Logistics in the Americasand Europe.
He previousl y was president of Global Supply Chain Managementfor , an executive vice presideng of sales and marketing at Fritz Cos. and in leadership position s at Profit/ (GEO Logistics), Pandair Freight and Behrinvg International, according to a biography on the company’zs Web site. YRC’s stock closedf on Wednesday at $2.94, down 61 cents, or 17 on volume of 5.65 million shares, according to . The stock'sw average daily volume the past three monthsis 2.7 millionm shares. , YRC Worldwide CFO Stephen Bruffett resignesd for a position with YRCcompetitore (NYSE: CNW). YRC, which has been struggling with a freight recession for acouple years, , compared with a loss of $46.
3 million the prior year. The company ranks No. 2 on the Kansa s City BusinessJournal ’s list of area public
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