Consolidated Freightways' Sales Team Joins CaseStack.Business Editors LOS ANGELES--(BUSINESS WIRE)--Sept. 24, 2002 CaseStack, Inc., the leading provider of complete outsourced logistics solutions to mid-sized companies, announced today the appointment of Gary Murphy Gary Murphy (born October 15, 1972 in Kilkenny) is an Irish golfer. Career Murphy began golfing at age 11, after caddieing for his father Jim. He won the Irish Amateur Closed Championship in 1992 and would go on to turn pro in 1995. as Vice President of Logistics Solutions. Murphy joins CaseStack from Consolidated Freightways Consolidated Freight was the 3rd biggest trucking company in the US. In the 1930s they started their own truck manufacturing operation, Freightliner, now part of DaimlerChrysler. where he was formerly Vice President, National Sales. In addition, many of Consolidated Freightways' most progressive sales managers will also join CaseStack, positioning the company for significant future growth. Consolidated Freightways (CF) Corporation (Nasdaq:CFWEQ) recently announced it was discontinuing operations after 73 years as an American transportation icon and the nation's third-largest less-than-truckload (LTL LTL - Linear Temporal Logic ) carrier. "It is always disruptive when an industry icon falls, but we are excited to create the silver lining silver lining n. A hopeful or comforting prospect in the midst of difficulty. [From the proverb "Every cloud has a silver lining". . CaseStack is welcoming CF's most talented individuals to help us change the industry," said Dan Sanker, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , CaseStack. "There are still far too many companies force-feeding inappropriate transportation, warehousing, and software services to clients. The future is about providing client-based logistics solutions that include those services." Upon CF's liquidation announcement, analysts immediately projected large rivals such as Roadway Corp. (Nasdaq:ROAD), Yellow Corp. (Nasdaq:YELL), and Arkansas Best (Nasdaq:ABFS ABFS American Business Financial Services, Inc. ABFS ABF Freight Systems, Inc. ABFS Alpaca Breeders Fiber School ABFS Atchafalaya Basin Floodway System (Louisiana) ABFS Advance Benefit Funding Sources ) to benefit as Consolidated Freightways' customers scoured the landscape for trucking capacity. "Consolidated's bankruptcy should be a significant earnings catalyst for the other LTL carriers," said Mark Levin, transport analyst, Davenport & Co., Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. . But some experts see a more profound change occurring as the industry evolves further into the information age. Over the past few decades, traditional carriers have faced the challenges of deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. while managing an old infrastructure heavy with billions of dollars of assets and unionized labor. "CaseStack is lucky to be in a position to attract the best that the industry has to offer. We have grown five-fold since last year, and with Gary and his team, CaseStack anticipates continued growth at an even faster rate," said Sanker. The new team of sales professionals joins CaseStack with established relationships with more than 8,000 mid-sized customers who spend over $30 billion on traditional logistics services. CaseStack will provide these clients with the ability to access Fortune-500 caliber technology, reduce overall costs, and improve customer service levels. "We all realize that CaseStack represents the future of this industry. The CF team has developed customer relationships over prior decades while providing only one component to address their supply chain challenges," said Gary Murphy. "We are excited to now be able to address our customers' end-to-end logistics needs, including all modes of transportation, warehousing and cost-effective supply chain management software." About CaseStack, Inc. CaseStack, Inc. (www.casestack.com.), a Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in ("BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ") company, provides logistics services to mid-sized companies that sell products to retailers, distributors and other manufacturers. CaseStack combines an advanced transportation and warehousing system with proprietary, web-based software to provide end-to-end fulfillment services that enable customers to reap the benefits and economies of a sophisticated, global logistics system without all the infrastructure costs. |
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