Transplace.com Announces Merger Completion and Executive Management Team.Business Editors PLANO, Texas--(BUSINESS WIRE)--Oct. 9, 2000 Transplace.com announces today the successful completion of its first quarter of operations since July 1, 2000. As previously announced, Transplace.com is a merger of the logistics business units from six of the nation's largest transportation companies - Covenant Transport, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CVTI CVTI Cvt Intelligent ); J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT JBHT J.B. Hunt Transport Services (stock symbol) ); M.S. Carriers, Inc. (NASDAQ: MSCA MSCA Military Support to Civil Authorities MSCA Marque Sports Car Association MSCA Multi-Site Cooperative Agreement MSCA Minnesota State Chess Association MSCA Mobile Supply Chain Application MSCA Master-at-Arms of the Society for Creative Anachronism ); Swift Transportation Company, Inc. (NASDAQ: SWFT).; U.S. Xpress Enterprises, Inc. (NASDAQ: XPRSA) and Werner Enterprises, Inc. (NASDAQ: WERN). Transplace.com offers a web-enabled platform to bring together shippers and carriers worldwide to collaborate on their transportation logistics planning and execution in the most efficient and effective manner. It also provides e-Procurement services to subscribing carriers to lower their operating costs by leveraging large volume purchasing power for items such as fuel, equipment, maintenance and repair parts, insurance, and other products and services. Currently, with approximately 550 employees, Transplace.com represent over $700 million in annual revenue. It also has filled its key executive management positions as follows: Jun-Sheng Li is Chairman, President, and Chief Executive Officer of Transplace.com. Prior to founding Transplace.com, Dr. Li held various executive management positions at J.B. Hunt Transport Services, including Executive Vice President of Integrated Solutions and President of J.B. Hunt Logistics. He is the former Vice President of Logistics Engineering for Schneider Logistics and the former Director of Operations Research for CAPS Logistics. He earned his Masters and Ph.D. degrees in Industrial and Systems Engineering from Georgia Institute of Technology Georgia Institute of Technology, in Atlanta, Ga.; coeducational; state supported; chartered 1885, opened 1888. It is a member school in the university system of Georgia. Significant among its facilities and programs are the Frank H. . Ellis L. McKinley, Jr. is the Chief Financial Officer for Transplace.com. Prior to joining Transplace.com, Mr. McKinley was Chief Financial Officer, Treasurer, and member of the Board of Directors of Kevco, Inc. Prior to Kevco, Mr. McKinley was the Chief Financial Officer and Treasurer of Renters Choice, Inc. (now Rent-a-Center). Before Renters, Mr. McKinley was a partner in the Dallas office of Grant Thornton. He is a graduate of the University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas and a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . David P. Haeusler is Chief Information Officer for Transplace.com. David comes from Texas Instruments where he successfully ran their eCommerce Systems group. Prior to TI, he managed the Global Software Services Department for Turner Broadcasting. In addition, David has managed information systems groups at two start-ups, British Telecom's Syncordia (now known as Concert) and U.S. Sprint. A Marine Corps veteran, he holds a Masters degree in Systems Management from Naval Postgraduate School The Naval Postgraduate School is a graduate school operated by the United States Navy. Located in Monterey, California, it grants primarily master's degrees plus some doctoral degrees to its students, who are mostly active duty officers from U.S. and foreign military services. in Monterey, California. Frank Armstrong is Executive Vice President of Logistics Services for Transplace.com. In his role, Mr. Armstrong has overall responsibility for all logistics management services. His background includes service in the Navy Supply Corps Background The Supply Corps of the United States Navy traces its beginnings to February 23, 1795 when the nation's first Purveyor of Public Supplies, Tench Francis, Jr., was appointed by President George Washington. , motor carrier senior management, and third-party logistics services management. He was formerly with Schneider National, Burlington Motor Carriers, and J.B. Hunt Logistics. Mr. Armstrong received his undergraduate degree from Oklahoma State University Oklahoma State University, at Stillwater; land-grant and state supported; coeducational; chartered 1890, opened 1891 as Oklahoma Agricultural and Mechanical College, renamed 1957. and an MBA from Tulane University. Michael Ellenburg is Executive Vice President of Procurement Services for Transplace.com. Prior to joining Transplace.com, Mr. Ellenburg spent four years at Delta Air Lines where he served as Vice President of Corporate Purchasing and earlier as Vice President Aircraft Maintenance and Engineering. Prior to joining Delta Air Lines, Mike was the Director of Purchasing, Maintenance, and Engineering for American Airlines. Mike holds a BS degree in Logistics from Weber State University Weber State University is a public university located in the city of Ogden in Weber County, Utah, USA. History Weber State University was founded by The Church of Jesus Christ of Latter-day Saints as the Weber Stake Academy in 1889; like Weber County and the Weber River, and an MS degree in Logistics from West Coast University. For additional information on Transplace.com, please visit its website at www.transplace.com. |
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