GATX Logistics Appoints DiMaria To Head Its E-Logistics Business Unit.Business Editors/High Tech Writers NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 5, 2000 GATX GATX General American Transportation Corporation Logistics, Inc., has hired Frank C. DiMaria as president and chief executive officer of GATX eLogistics, Inc., an end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. electronic commerce service solution company that helps name-brand retailers and manufacturers efficiently capture, service and fill direct consumer and business to business orders. DiMaria most recently was president of Keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. Internet Services, the e-commerce fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. business unit of Hanover Direct. "We are pleased to have an executive of Frank's caliber join us," said Joseph A. Nicosia, president and chief executive officer, GATX Logistics, Inc., the parent company of GATX eLogistics. "Because of his broad industry experience, Frank will provide strong leadership to our eLogistics business unit and give us the direction to advance our market objectives. He has experience in building successful businesses in the `new economy' logistics marketplace, and his knowledge will help us compete most effectively in this dynamic area." DiMaria brings extensive retail and e-logistics experience to GATX Logistics. Prior to being named president of Keystone Internet Services, he was hired as its senior vice president of sales and marketing. During his tenure there, he built a business that recorded growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. in excess of 600 percent, and developed a prominent list of clients, which included Sony, National Geographic and Gordon Brothers. Before Keystone, he was vice president of national sales for Stanley Tool Works, where he was responsible for developing retail relationships with companies like Target, Costco and Kmart. He was also senior vice president of sales and marketing for P&O Nedlloyd, a global ocean carrier, and held senior sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a positions with FedEx, where he was responsible for directing the development of sales relationships with the largest global accounts in the FedEx system. GATX eLogistics is the business-to-consumer fulfillment extension of GATX Logistics, Inc., one of the leading providers of contract logistics services. Launched in April 2000, GATX eLogistics helps retailers and manufacturers design and implement logistics and fulfillment operations using high-speed, highly accurate methods of receiving, storing, picking, preparing, packaging and shipping orders. These services and capabilities are designed to receive orders from a merchant's web page in real time, ship them within 24 hours, keep products secure and accurately recorded, integrate the electronic and physical merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. of the product and make the returns process consumer friendly. Founded in 1974, GATX Logistics, Inc. has expanded offerings beyond the value-added warehousing space to manage a greater portion of its customers' supply chains from warehouse operations and private fleet transportation to product assembly and installation services. The company recently launched a full-service eLogistics fulfillment initiative that offers integrated one-stop solutions for the entire back-end support and fulfillment for companies that sell products on the Web. GATX Logistics is jointly-owned by Oak Hill Capital Partners, L.P., the Stephens Group, Inc. and GATX Corporation. FORWARD LOOKING STATEMENTS This press release includes statements that may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Corporate information may be found at http://www.gatxlogistics.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.120500/bb6 |
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