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YRC Worldwide names new president of regional trucking subsidiary
William B. Cassidy, Senior Editor | Aug 22, 2014 3:53PM EDT
After five years with Roadrunner Transportation Systems, Donald R. Foust returned to YRC Worldwide as president of New Penn, the $4.9 billion trucking operator’s Northeastern subsidiary. Foust succeeds Steve Gast, long-time New Penn president, who left the Lebanon, Pennsylvania-based company to become president and COO of Wilson Truckingin Virginia.
Foust has a long career background in U.S. less-than-truckload transportation, starting as a part-time dockworker while in college and spending 20 years with regional LTL carrier Preston Trucking in Maryland. He later worked at Yellow Transportation before that long-haul LTL carrier’s merger with Roadway formed what is now YRC Freight. He joined Roadrunner in 2009.
Foust is one of several former Yellow and YRC Worldwide executives who have returned to the company since James Welch, former Yellow Transportation president, became CEO of the trucking holding company in 2011. Most recently, he was regional vice president for the eastern region of Roadrunner’s LTL operations. New Penn is part of YRC’s profitable regional group.
The YRC regional group increased revenue 5.4 percent year-over-year in 2013 to $1.73 billion. The group, which includes New Penn, Holland in the U.S. Midwest and Reddaway on the U.S. West Coast, saw its operating profit rise 14.1 percent last year to $79.9 million. The three companies increased combined revenue 6.9 percent in the second quarter to $475.5 million.
Contact William B. Cassidy at [email protected] and follow him on Twitter: @wbcassidy_joc.
YRC Worldwide names new president of regional trucking subsidiary
William B. Cassidy, Senior Editor | Aug 22, 2014 3:53PM EDT
After five years with Roadrunner Transportation Systems, Donald R. Foust returned to YRC Worldwide as president of New Penn, the $4.9 billion trucking operator’s Northeastern subsidiary. Foust succeeds Steve Gast, long-time New Penn president, who left the Lebanon, Pennsylvania-based company to become president and COO of Wilson Truckingin Virginia.
Foust has a long career background in U.S. less-than-truckload transportation, starting as a part-time dockworker while in college and spending 20 years with regional LTL carrier Preston Trucking in Maryland. He later worked at Yellow Transportation before that long-haul LTL carrier’s merger with Roadway formed what is now YRC Freight. He joined Roadrunner in 2009.
Foust is one of several former Yellow and YRC Worldwide executives who have returned to the company since James Welch, former Yellow Transportation president, became CEO of the trucking holding company in 2011. Most recently, he was regional vice president for the eastern region of Roadrunner’s LTL operations. New Penn is part of YRC’s profitable regional group.
The YRC regional group increased revenue 5.4 percent year-over-year in 2013 to $1.73 billion. The group, which includes New Penn, Holland in the U.S. Midwest and Reddaway on the U.S. West Coast, saw its operating profit rise 14.1 percent last year to $79.9 million. The three companies increased combined revenue 6.9 percent in the second quarter to $475.5 million.
Contact William B. Cassidy at [email protected] and follow him on Twitter: @wbcassidy_joc.
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