FOR IMMEDIATE RELEASE
Contact:
Dave Rusch
President
CRST Carrier Group
(319) 390-2600
drusch@crst.com
CRST INTERNATIONAL FORMS TWO NEW OPERATING COMPANIES AND ADDS SCOTT SHEPHARD
TO SENIOR EXECUTIVE STAFF
New companies will focus on Dedicated and Capacity Solutions Services.
CEDAR RAPIDS, IOWA (Feb. 20, 2007) - CRST International, one of the largest
privately-held transportation companies in the country, announced today that
it has formed two new Operating Companies in response to customer and market
demand.
The two new companies, CRST Dedicated Services, Inc., and CRST Capacity
Solutions, Inc., will become part of the CRST Carrier Group, which oversees
the company's three asset-based carriers - CRST Van Expedited, CRST Malone
and CRST Premier Transport.
CRST Dedicated Services, Inc., will provide customers with services ranging
from a pure dedicated fleet to a single source dedicated truck capacity and
transportation network in both the Van and Flatbed markets. Dedicated
Services will be headquartered in Eldridge, Iowa.
CRST Capacity Solutions, Inc., will provide a single source for truck
capacity by utilizing its affiliation with the three CRST asset-based
trucking companies as well as its network of more than 8,000 contract
carriers and multi-model capacity providers. Capacity Solutions will be
headquartered in Cedar Rapids, Iowa.
"The service offerings of Dedicated Services and Capacity Solutions have
been around for many years and have been growing rapidly within CRST's three
asset-based trucking companies," said Dave Rusch, president of the CRST
Carrier Group.
"Through a lot of hard work, these two service offerings have grown into
multi-million dollar businesses within the individual Carrier Group
Operating Companies. It was time to establish separate entities and staff
them with professional managers who will focus entirely on fostering their
growth. The separate entities will be better equipped to further develop
these businesses and provide our customer base with the specialized services
they want," he said.
CRST also announced several key organizational changes as part of the
restructuring. Rusch, previously President of CRST Carrier Group and Chief
Operating Officer of CRST Van Expedited, will now remove himself from the
day-to-day management of Cedar Rapids, Iowa-based CRST Van Expedited to
focus solely on oversight and strategic direction of the Carrier Group.
Mike Gannon, president of the Birmingham, Ala.-based CRST Malone, will
replace Rusch as president of CRST Van Expedited. Gannon has been with CRST
for 23 years. He has headed Malone for the past four years helping them grow
CRST's Flatbed business by more than 45 percent.
"Mike understands the team expedited business having spent 19 years in
senior management positions in Cedar Rapids before his move to Birmingham,"
said Rusch. "His transition to CRST Van Expedited should be seamless."
Scott Shephard will assume the Presidency of CRST Malone. Shephard was
previously President of Economy Transport, Inc., a wholly-owned subsidiary
of Universal Truckload Services, Inc.
"We are thrilled to welcome Scott to the CRST management team," said Rusch.
"Scott has held many senior level positions with companies that are similar
to Malone's with the agent and independent contract business model."
For more information, please visit www.crst.com or contact Dave Rusch at
(319) 390-2600.
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CRST International
Cedar Rapids, Iowa -based CRST International is one of the largest
privately-held transportation companies in the United States. Through its
six divisions, CRST provides a broad array of transportation solutions,
including Van and Flatbed as well as Brokerage and Transportation Management
Services. CRST's Operating Divisions are made up of CRST Logistics and
CRST's asset-based Carrier Group, which consists of CRST Van Expedited, CRST
Malone, CRST Premier, CRST Dedicated Solutions and CRST Capacity Solutions.
For more information, visit www.crst.com.