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Canadian-based less-than-truckload carrier Vitran may be headed back toward profitability after naming a new president for its ailing U.S. operations.
Vitran hired Chris Keylon, a former FedEx Freight executive, as president of Vitran Express U.S. in January, hoping to turn around a division that stumbled in 2011. Transportation analyst David G. Ross of Stifel Nicolaus said Keylon has a chance to turn the operation around as the LTL market gains strength in 2012.
“We believe that Vitran hired an individual with the right experience for the job, although it may take a couple quarters to see it in the results,” he told investors..............
Analyst Says New Vitran Chief Could Lead Recovery | Journal of Commerce
Vitran hired Chris Keylon, a former FedEx Freight executive, as president of Vitran Express U.S. in January, hoping to turn around a division that stumbled in 2011. Transportation analyst David G. Ross of Stifel Nicolaus said Keylon has a chance to turn the operation around as the LTL market gains strength in 2012.
“We believe that Vitran hired an individual with the right experience for the job, although it may take a couple quarters to see it in the results,” he told investors..............
Analyst Says New Vitran Chief Could Lead Recovery | Journal of Commerce