Consolidated Freightways Appoints New Independent Auditor.Business Editors VANCOUVER, Wash.--(BUSINESS WIRE)--May 28, 2002 Consolidated Freightways Corporation (Nasdaq:CFWY CFWY Consolidated Freightways ) today announced that its Board of Directors, on the recommendation of the Board's Audit Committee, has appointed KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP LLP - Lower Layer Protocol as the Corporation's independent public accountants, replacing Arthur Andersen LLP. The change is effective immediately. Consolidated Freightways said the decision to change auditors was not the result of any disagreement between the company and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. During its tenure of more than 35 years, Arthur Andersen has provided Consolidated Freightways with quality service and has demonstrated a high level of professionalism. The corporation has filed a Form 8-K Current Report with the Securities and Exchange Commission on this matter. Consolidated Freightways Corporation is a $2.2 billion company comprised of national less-than-truckload carrier Consolidated Freightways, third party logistics provider Redwood Systems, Canadian Freightways LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability , Grupo Consolidated Freightways, the company's subsidiary in Mexico and CF AirFreight, an air freight forwarder Forwarder Acts as a travel agent for cargo. A forwarder specializes in arranging the transport and completing required shipping documentation. Some are affiliated with NVOCC services. In the United States they are licensed by the Federal Maritime Commission. . |
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