New Century Transportation, Inc. Names Industry
Veteran Terrence M. Gilbert Chief Executive Officer
Contact: Brian J. Fitzpatrick
CFO, Secretary and Board Member
(609) 265-1110 x6663
New Century Transportation announced today that transportation industry veteran Terrence M. Gilbert, former president of Roadway Express, Inc., has been named the company's new Chief Executive Officer. Harry Muhlschlegel, the company's founder, is retiring from his operating role and will remain on the board of directors of New Century as Vice Chairman.
"Terry Gilbert is a proven leader in the transportation industry and brings over 30 years of operating and sales expertise to New Century," stated Mr. Muhlschlegel. "Terry's background as a successful operator in the trucking industry, with broad experience in sales and marketing, terminal management, and operations, will provide our customers with a continuation of the quality service they have come to expect from New Century. I am very pleased that an executive of Terry's caliber and experience will be joining our team as my successor."
"New Century's proven Load-to-Deliver LTL business model, and complementary truckload segment, is a unique method of providing superior service to our customers," stated Mr. Gilbert. "I am very excited about the opportunity to succeed Harry and lead the company into its next phase of growth. I look forward to working with management, drivers and all employees to continue to expand New Century."
Mr. Gilbert has over 30 years of experience in the transportation industry having joined less-than-truckload carrier Roadway Express in 1979 as an operations supervisor. Mr. Gilbert worked his way up through the Roadway Express management ranks holding numerous terminal manager and district manager positions. In 1998, Mr. Gilbert was named Vice President of the Eastern Division of Roadway with full responsibility for this $900 million revenue region which included 6,500 employees and over 100 terminals. In 2004, Mr. Gilbert was promoted to Executive Vice President, Sales & Marketing overseeing a team of over 1,000 sales, marketing and customer support professionals. In 2007, Mr. Gilbert was named President of Roadway Express where he led the strategic direction and executive management of the organization throughout the United States, Canada and Mexico.
New Century is a portfolio company of Jefferies Capital Partners. Jefferies Capital Partners is a private equity investment firm with over $1.6 billion in equity funds under management. Jefferies Capital Partners focuses its investment activity in selected industries in which its professionals have established expertise, including: Energy & Energy Services, Supply Chain Logistics & Distribution, and Restaurants.
About New Century Transportation
New Century Transportation, Inc. is a specialized motor carrier that combines the high revenue yield characteristics of a less-than-truckload carrier with the operating flexibility and low fixed costs of a service-sensitive truckload carrier. The company's unique business model is executed through its Load-to-Deliver System for LTL shipments. New Century offers a full range of over-the-road transportation solutions to its customers, including customized, time-definite, dedicated and specialized less-than-truckload and truckload services. The company's specialized services include the transportation of temperature-controlled and hazardous freight. New Century is based in Westampton, NJ.
Click here to view the pdf version of the article