|
|
|
 |
Shipping News Successful Closing Marks First Day Of Yellow Roadway Corporation
Yellow Roadway Leadership Team is AnnouncedDecember 11, 2003
OVERLAND PARK, Kan. -- A familiar ticker on the NASDAQ exchange today represents a far larger corporation: Yellow Roadway Corporation. The approximately $1 billion Yellow acquisition of Roadway, approved by shareholders on Dec. 9, 2003, and finalized today, brings together two of the strongest brands in transportation and creates an enterprise with more than $6 billion in combined 2003 revenue. "The Roadway transaction is a significant milestone in the continuing transformation of both companies," says Bill Zollars, chairman, president and CEO of Yellow Roadway Corporation. "Together, we have the increased scale, strong financial base and market reach needed to enhance shareholder value. We firmly believe this is the right strategy with the right partner at the right time." At events to mark the closing of the acquisition, Zollars announced the Yellow Roadway senior leadership team:
"The Yellow Roadway team will continue to invest in the strong portfolio of brands for both companies and continue to provide our services as separate organizations as we grow this business," Zollars says. A comprehensive review of administrative and support functions is being conducted, and Zollars says "the best practices identified at Yellow and Roadway will be implemented to benefit our employees, our customers and our investors." For more information, please visit www.myyellow.com. |
|
