Roadway Express Inc. announced today it has formed Roadway Corp., which will act as a holding company to identify acquisition, merger and partnership candidates and other opportunities for inclusion in Roadway’s portfolio. Roadway Corp. will also provide strategic, financial, legal and capital market services to the Roadway group of businesses.
"We will look for businesses and opportunities related to our core competency of providing transportation and e-business solutions,” said Roadway Corp. CEO Michael W. Wickham. “Structurally, we are committed to a very small and lean holding company with highly autonomous business units."
Roadway Corporation also announced that it will be a minority shareholder in Integres Global Logistics Inc., an integrated airfreight service provider that combines the assets and experience of transportation carriers with Internet technologies to offer shippers a single source solution for multi-modal shipment of heavy freight. Roadway Express will serve as Integres' primary North American ground carrier, providing sales support and operational fulfillment.
Other Integres partners include United Airlines and American Airlines, which will provide access to a broad worldwide combination passenger/cargo network; Unisys and G-Log, which will provide access to transportation management systems (TMS), integration, and hosting; and UTi Worldwide Inc., a global logistics service provider and customs broker, which will provide the primary international services.