Yellow Roadway Corporation has changed its name to YRC Worldwide Inc., and is now trading on the NASDAQ under the YRCW ticker.
"Simply put, the breadth and depth of the enterprise is greater than the name Yellow Roadway conveys. We now operate in over 70 countries around the world and our services have expanded to encompass logistics as well as global, national and regional transportation," says Bill Zollars, chairman, president and CEO of YRC Worldwide. "Our new name better reflects the reality of what our enterprise is today. Our aspirations for the future remain consistent with our core purpose: Making global commerce work by connecting people, places and information."
YRC Worldwide is the holding company for a family of successful brands, including Yellow Transportation, Roadway Express, Reimer Express, USF Holland, USF Reddaway, USF Bestway, USF Glen Moore, New Penn Motor Express and Meridian IQ.
The company acquired Roadway Corporation in December 2003. The acquisition of USF Corporation in May 2005 added nationwide scale in the next-day and regional markets. Meridian IQ offers global logistics management services with operations in Europe, South America and Asia as well as North America. In addition, MIQ now provides expanded global capabilities through recent China-based joint ventures in logistics and freight forwarding.
"We continue to build our brands and expand our international, national and regional capabilities," Zollars says. "Our objective is to provide seamless, end-to-end global transportation solutions to our customers."
In conjunction with the name change, YRC Worldwide has changed its web site to www.yrcw.com.