From http://today.reuters.com/investing/...IDST_0_TRANSPORT-SCSTRANSPORTATION-URGENT.XML
SCS Transportation to take charge on unit sale; CEO to step down
Fri Jun 30, 2006 4:42pm ET12
June 30 (Reuters) - SCS Transportation Inc. (SCST.O: Quote, Profile, Research) on Friday said it expects to take a non-cash charge of $47 million, or $3.15 per share, in the second quarter related to the sale of its Jevic Transportation Inc. unit.
The company also said Bert Trucksess will continue to serve as chief executive officer and chairman through a transition period expected to be completed by calendar year-end, after which he will become non-executive chairman.
SCS appointed Rick O'Dell, president of its Saia Motor Freight Line Inc. unit, as its president, effective immediately, and he will succeed Trucksess as CEO following the transition period. (Reporting by Gopakumar Warrier in Bangalore)
Another article http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060630005485&newsLang=en
Sun Capital Partners
http://www.suncappart.com
SCS Transportation to take charge on unit sale; CEO to step down
Fri Jun 30, 2006 4:42pm ET12
June 30 (Reuters) - SCS Transportation Inc. (SCST.O: Quote, Profile, Research) on Friday said it expects to take a non-cash charge of $47 million, or $3.15 per share, in the second quarter related to the sale of its Jevic Transportation Inc. unit.
The company also said Bert Trucksess will continue to serve as chief executive officer and chairman through a transition period expected to be completed by calendar year-end, after which he will become non-executive chairman.
SCS appointed Rick O'Dell, president of its Saia Motor Freight Line Inc. unit, as its president, effective immediately, and he will succeed Trucksess as CEO following the transition period. (Reporting by Gopakumar Warrier in Bangalore)
Another article http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060630005485&newsLang=en
Sun Capital Partners
http://www.suncappart.com