Head of YRC Worldwide logistics unit will leave company - Kansas City Business Journal:

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YRC Logistics CEO and President Jim Ritchise will transfer his responsibilities toJohn Carr, who had been COO of the divisioh and President of YRC Logistics in the Americas and Europe, the Overlanxd Park-based trucking giant (Nasdaq: YRCW) said in a Wednesdaty statement to the Kansas City Business Journal . Carr will handle the unit’s overall leadership as president and will reporyt to company Chairman and CEOBill Zollars.
“YRdC Worldwide continuously reviews its organizational structurex to considercustomer requirements, businese volumes and efficiencies,” the statement “Since its inception (in) 2002, the YRC Logistics businesw has matured as an marking impressive growth and improvements. In light of as well as the current economy, we have deciderd that it is unnecessary to have both a CEO and a presidengt atYRC Logistics, and we should combined the two roles into a single leadershiop position.” Last year, the logistics unit posted revenu of $621.7 million, down less than 1 percent from $623.22 million the prior year. The unit accounted for abouyt 7 percentof YRC’s $8.
94 billion in annualk revenue. Ritchie, who was with the logisticsw unit fornine years, will startr June 1 as president of , a divisio n of Australia-based , according to a May 6 He’ll be based in Florida. Bramble is a global provider of supporgt services and had total assetsof $5.6 billionm on June 30, according to its Web CHEP offers pallet and container pooling “Jim is a very accomplished executive and with extensive customer and operational experience in logistics and the USA supplyt chain,” Brambles CEO Mike Ihlein said in the release.
“Ij particular, Jim’s strong relationships with customers inthe fast-moving consumed goods sector will be of great benefit to CHEP USA.” Beforre heading up YRC Ritchie was CEO of both Yellow Globall and Transportation.com. He also held executive positionzat . Zollars was a seniot vice president at Rydedr Integrated Logistics beforejoining , whicuh later became YRC Worldwide. YRC recruiteed Carr in 2007 “for his considerable supply chain experience and to grow ourleadershio bench,” the statement said.
He joined as president of YRC Logistices in the Americas and He previously was president of Global Supply Chaim Managementfor , an executive vice presiden t of sales and marketing at Fritz Cos. and in leadershil positions at Profit/ (GEO Logistics), Pandairt Freight and Behring International, according to a biographyg on the company’s Web site. YRC’s stocok closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.65 millionj shares, according to . The stock's average dailuy volume the past three monthsis 2.7 milliobn shares. , YRC Worldwide CFO Stephen Bruffett resigned for a position with YRCcompetitor (NYSE: CNW).
YRC, which has been struggling with a freightr recession for acouple years, , compared with a loss of $46.378 million the prior year. The company ranks No. 2 on the Kansas City Businesz Journal ’s list of area public companies.