News Article | August 10, 2017
LONDON--(BUSINESS WIRE)--NATS, the UK’s leading ANSP (air navigation service provider), has chosen Quintiq, a Dassault Systèmes brand, to overcome its rostering challenges in a highly complex planning environment. NATS manages air traffic over the UK as well as the eastern part of the Atlantic Ocean and provides ATC (air traffic control) services to 13 UK airports. With an operational workforce of 1,500 handling an average of 5,000 to 7,000 flights daily, NATS needs to ensure the allocation of the right people with the right skills at the right time. To achieve this NATS sought a solution to integrate rosters and resources to increase accuracy and make the planning process more efficient. NATS Chief Information Officer Gavin Walker, describes the company’s current planning challenges, “Rosters follow detailed labour rules and regulations; we’re using different planning systems, many of them requiring manual input, so it’s a time-consuming process.” “The new Quintiq planning system can support NATS’ business requirements, which includes adherence to the many layers of rostering rules found in our regulated industry. Our requirements are to perform the short-term planning up to nine months ahead as well as support the medium-term planning up to 24 months ahead. Meanwhile, the software allows fast re-planning, respecting those labour rules and regulations, should last-minute disruptions occur. The optimiser function releases planners from time-consuming work every time something changes, so that they can focus their expertise exactly where and when it’s needed.” The Quintiq solution will be used to plan for air traffic controller officers (ATCOs), air traffic service assistants (ATSAs), and for support personnel. Employees also have non-operational duties such as project meetings and training that need to be incorporated into the rosters. Gavin elaborates, “We chose Quintiq because they were able to accommodate our specific labour and safety regulations, training, holidays, simulation work and overtime management. The software can be configured to achieve this.” In addition to the core roster functionality, NATS was also looking to take employee preferences into consideration with a system that can be accessed from home or via mobile. The Quintiq answer to this is a mobile application, which allows interactive communication between ATCOs or ATSAs and the planners when creating new requests or checking the status of existing requests. For employees, this means a single point of contact for all shift-related communications and tasks. Next to this, the Quintiq planning and optimisation software also provides a holistic view of resource demand and supply, reporting and scenario planning. Rob van Egmond, CEO of Quintiq, is proud of NATS’ confidence in Quintiq, “With a highly specialised workforce in a highly regulated industry, NATS presented just the kind of complex puzzle we at Quintiq live to solve. We’ve recently made great inroads in the aviation sector where we serve some of the largest players: DFS, Fraport, Copenhagen Airports, Virgin Atlantic Airways and now NATS. We look forward to driving business efficiency across multiple planning horizons for NATS.” NATS is the UK's leading provider of air traffic control services. It operates out of Swanwick in Hampshire, England and Prestwick in Ayrshire, Scotland. Each year, it handles 2.3 million flights and 250 million passengers in the UK airspace. Besides providing services to 13 UK airports and managing all upper airspace in the UK, it also provides services across Europe, the Middle East, Asia and North America. Find out more at nats.aero. Every business has its supply chain planning puzzles. Some of those puzzles are large, some are complex and some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning and optimisation software. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimise workforces, logistics and production. Quintiq is part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and has headquarters in the Netherlands and the USA, and offices around the world. For more information, visit quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.
News Article | November 21, 2016
NEW YORK, NY--(Marketwired - Nov 21, 2016) - Pneuron, a leader in business orchestration software, today announced it will run a complimentary December 1st webcast that will explain how to overcome legacy and costly software and data integration problems that organizations face when merging or engineering large and complex enterprise projects. "Better Insight. Automated Action. Despite Technical Debt" will run Thursday, December 1, 2016. To register please click here. The insightful and informative event will be hosted by Pneuron CTO Tom Fountain, and Jeff Vail, COO of WGroup. "Technology is both the great enabler and the great destroyer. Innovation, transformation, modernization are the keys to staying ahead of competitors," says Fountain. "But how do we overcome legacy technology and technical debt? If speed is essential, how do we address the challenge to 'get fast'?" Tom Fountain is Chief Technology Officer for Pneuron. He was previously CIO at global agribusiness Bunge, Ltd. He's held senior CIO roles at Honeywell and GE as well as product management, intelligence officer, and engineering positions with Dell, the Central Intelligence Agency, HP, and Martin-Marietta. He holds a degree in electrical engineering from Massachusetts Institute of Technology, an MS degree from Duke, and an MBA from Duke's Fuqua School of Business. Jeff Vail is Chief Operating Officer for business consultancy WGroup. Prior to WGroup, he was Chief Commercial Officer of Quintiq, a supply chain and planning software company, acquired by Dassault Systemes. Before that, he was SVP of Global Corporate Marketing at Unify (formerly Siemens Enterprise Communications), VP of Enterprise Marketing at SAP Americas, and General Manager of Infrastructure Solutions at Unisys. Jeff holds a bachelor's degree in business administration from Stetson University. What: Webcast: "Better Insight. Automated Action. Despite Technical Debt" When: Thursday, December 1, 2016, 3:00pm-4:00pm ET Where: http://pages.pneuron.com/better-insight-automated-action-despite-technical-debt.html About WGroup Founded in 2004, WGroup is a technology management consulting firm that provides Strategy, Management and Execution Services to optimize business performance, minimize cost and create value. Our consultants have years of experience both as industry executives and trusted advisors to help clients think through complicated and pressing challenges to drive their business forward. Visit us at www.thinkwgroup.com or give us a call at (610) 854-2700 to learn how we can help you. About Pneuron Founded in 2010, Pneuron's proprietary business orchestration software enables organizations to run distributed 'pneurons' that leverage their existing applications, infrastructure, services and data to create and deliver actionable intelligence -- in half the time and cost. Through Pneuron's innovative, distributed approach, companies are no longer faced with the complex centralization and integration requirements of traditional approaches. Pneuron and its patented groundbreaking technology have garnered numerous awards and recognitions including: MIT Sloan School CIO Enterprise Innovator Award, 2015 Gartner Cool Vendor, CRN's 2015 Emerging Vendors designation and SD Times Company to Watch. For more information, visit us online at: pneuron.com, on Twitter or LinkedIn.
News Article | June 8, 2017
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimization (SCP&O), has been selected by Dubai Airports to plan and schedule its fixed resources at Dubai International and Dubai World Central. The Quintiq solution will automate the planning process for airport stands, gates, baggage belts and check-in counters to increase overall efficiency, reliability and passenger satisfaction. The solution went live at Dubai International on April 18, with implementation at Dubai World Central to follow soon. Dubai International is the world’s busiest airport for international passengers. It serves 90 airlines flying to more than 240 destinations across six continents; in 2016, it served 83,654,250 passengers. Dubai World Central, slated to be the region’s airport of the future, launched cargo operations in 2010 and passenger flights in 2013. “We aim to deliver a world-class experience to the airlines that use our airports and the passengers that they carry,” said Frank McCrorie, SVP Operations at Dubai Airports. “Quintiq will enable us to maximize utilization of our current fixed resources and prepare for future expansions.” Quintiq enables automated planning of all of Dubai International’s fixed resources. From its 260 airport stands to 143 gates, 561 check-in counters to 28 baggage belts, airport planners will have full visibility of resource allocation. They adapt this allocation to fit specific airline preferences and further streamline passenger flow. Improved passenger flow means that the two airports can now handle increasing traffic without sacrificing passenger experience. A positive experience ensures that passengers and airlines continue to choose the airports for their needs within the region, resulting in increased revenue for the company. Quintiq was the clear choice, according to Abdul Razzak Mikati, Managing Director at Dubai Airports’ implementation partner, DTP. He said: “The cost of investing in new infrastructure can be prohibitively high. The customer needed a future-ready, industry-proven solution to efficiently manage the capacity of its current airport resources. With Quintiq, the need for manual planning has been eliminated, resulting in enhanced flexibility and agility of operations.” Abdul Razzak added that the Quintiq solution is also able to handle calculations for 40 flights per second and take advantage of information from multiple sources to improve its automation process. These capabilities are crucial as Dubai International saw a 7.4% increase in traffic in the first quarter of this year, while passenger traffic went up 29.5% at Dubai World Central in the same period. These upward trends are expected to continue. According to Maarten Hendriks, Business Unit Director of Transportation at Quintiq: “This planning puzzle gives us the opportunity to showcase Quintiq’s capabilities in the aviation sector. With 1,100 flights each day, optimal efficiency is crucial in maintaining high levels of customer satisfaction. Quintiq’s automated planning capabilities will drive the customer’s commitment to guaranteeing a world-class passenger experience.” Rob van Egmond, Quintiq CEO, commented: “Dubai Airports’ trust in us is a testament to Quintiq’s excellent track record in aviation. We will support it in maintaining its industry-leading standards and we are confident that this partnership will be the first of many in this region.” Dubai Airports delivers a world-class experience to its customers by providing safe, secure and environmentally responsible airports. Working in partnership with airlines and stakeholders to drive the growth of Dubai, its vision is to always go further and be the world’s leading airport company. Established as a commercial entity in April 2007, Dubai Airports owns and manages the operation of both of Dubai’s airports – Dubai International (DXB), the world’s number one airport for international passengers and third for international freight, and Dubai World Central (DWC). Established in 2004 in Dubai, DTP is a system integrator with a broad portfolio of solutions and services designed to support the aviation industry across the GCC region. We offer our clients cutting edge technology, including airport operation monitoring and forecasting solutions, cloud-based multi-airport management system, Airlines Hub Management, Special Airport Systems such as Airport Operational Database (AODB), Flight Information Display System (FIDS), Resource Management System (RMS), and Business Intelligence and Predictive Analysis solutions. In addition, DTP has partnered with leading technology companies, such as Quintiq, SAP, IBM, and XOVIS to deliver outstanding services, as well as with major aviation solution providers. Every business has its supply chain planning puzzles. Some of those puzzles are large, some are complex and some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning and optimization software. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq is part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and has headquarters in the Netherlands and the USA, and offices around the world. For more information, visit quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.
News Article | October 2, 2017
WELLINGTON, New Zealand--(BUSINESS WIRE)--Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimisation (SCP&O), announced today that its software has gone live at KiwiRail after a 9-week implementation period. Quintiq’s software will enhance workforce planning and rostering at the leading New Zealand transport industry employer. With 3,400 staff in multiple locations across the country, the state-owned rail service is dedicated to building a high performance culture and maintaining excellent human resource standards. The Quintiq planning solution will support KiwiRail’s workforce optimisation goals by equipping planners with the tools they need to make informed decisions in workforce planning and scheduling, as well as comply with occupational health and safety practices and processes. The solution will enable managers to proactively manage their teams and empower them to make customer-centric decisions that will improve service reliability and punctuality. Quintiq delivers cutting-edge rail crew planning and optimisation technology to some of the world’s biggest names and innovators in freight and passenger rail. These include DB Cargo, Green Cargo, Transport for London, Queensland Rail, and NTV, Italy’s first high-speed rail network. Quintiq’s latest rail customer in the Australia and New Zealand region is Sydney Trains, which operates 2,885 timetabled services and over one million customer journeys each day in the greater Sydney suburban area. “ It is exciting to be selected by KiwiRail as it cements our position as the leader in rail crew optimisation in the Australian and New Zealand market,” said Rob van Egmond, CEO Quintiq, Dassault Systèmes. “ Together with KiwiRail, we will create a highly efficient and employee-centric workforce planning and rostering system that will improve employee and customer satisfaction.” KiwiRail is the largest rail transport operator in New Zealand, operating 800 freight services per week across the country. It moves around 4.5b net tonne kilometres of freight a year. Ed Overy, KiwiRail CIO, said: “ Quintiq offers us an innovative technology that will support our planners in managing the unique constraints for our freight business. We stand by our customer promise that we will deliver. The technology will enhance our capabilities in planning and rostering, thus ensuring that we live up to that promise.” About KiwiRail KiwiRail is a State Owned Enterprise, running a 24/7 operation with three inter-island ferries, three long distance passenger services, 198 Mainline Locomotives and 4,585 wagons. We transport 25% of New Zealand’s exports. KiwiRail is proud of its history as a key component in the economic development of New Zealand. Our daily activities include maintaining the rail corridor to a safe standard, delivering freight time- efficiently, and creating memorable experiences for passengers. For more information go to www.kiwirail.co.nz About Quintiq Every business has its supply chain planning puzzles. Some of those puzzles are large, some are complex and some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning and optimization software. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq is part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and has headquarters in the Netherlands and the USA, and offices around the world. For more information, visit quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.
News Article | September 21, 2017
EGS beschikt over een uitgebreid netwerk: de twee terminals van moederbedrijf Hutchison Ports ECT Rotterdam (ECT) in de Rotterdamse haven en de overige deep sea-terminals in Rotterdam en Antwerpen zijn per spoor, via de weg en de vaarwegen verbonden met de binnenlandse terminals van EGS en die van andere terminaloperators. Het verschil tussen de dienstverlening van EGS en de service van Europese multimodale dienstverleners is simpel maar krachtig: terwijl multimodale dienstverleners over het algemeen vaste transportroutes afleggen met vooraf bepaalde modaliteiten en trajecten, biedt EGS vervoers- en route-neutrale transportoplossingen aan. Het bedrijf selecteert op ieder willekeurig moment de meest betrouwbare, efficiënte en duurzame route voor een bepaalde klant. Als gevolg van technologische en menselijke beperkingen kunnen met Excel of andere software voor routeplanning alleen vaste routes worden ingepland. Wanneer transportplanners met kunstmatige intelligentie werken, kunnen ze veel complexere taken aan. Dankzij de snelheid en efficiëntie van de Quintiq software kunnen alle mogelijke routes en transportmodaliteiten dynamisch worden geëvalueerd. Het systeem kan hierdoor in real-time zoeken naar de meest optimale transportoplossing – in financiële zin, maar ook wat capaciteitsbenutting, het tijdig afleveren en andere KPI’s betreft. Rob van Egmond, CEO van Quintiq: “Synchromodaliteit brengt de totale efficiency en de dienstverlening aan de klant in balans. Daar ligt de kracht. De uitdaging zit in de enorme toename in complexiteit en schaalgrootte. Hier komt onze kunstmatige intelligentie in het spel. Deze stelt EGS in staat om de complexiteit te beheersen en er juist van te profiteren.” Elk bedrijf kent de nodige puzzels als het gaat om planning. Sommige van deze puzzels zijn omvangrijk. Andere zijn complex. Weer andere lijken een onmogelijke opgave. Quintiq maakt al sinds 1997 werk van deze puzzels met behulp van één softwareplatform voor planning & optimization. Ruim 12.000 gebruikers in meer dan 80 landen vertrouwen momenteel op software van Quintiq om hun personeel, resources, logistiek en productie te plannen en te optimaliseren. Quintiq, met hoofdkantoren in Nederland en de VS en vestigingen wereldwijd, maakt deel uit van Dassault Systèmes (Euronext Parijs: #13065, DSY.PA).
News Article | September 21, 2017
Rob van Egmond, CEO bei Quintiq, sagte dazu: „Die Stärke von Synchromodalität liegt in der Balance von Effizienz und Kundenservice. Steigende Komplexität und wachsender Umfang der Supply Chain sind große Herausforderungen. Genau hier setzt die künstliche Intelligenz von Quintiq an. Sie versetzt EGS in die Lage, diese Komplexität erfolgreich zu meistern.“ Jedes Unternehmen hat seine ganz individuellen Herausforderungen bei der Supply-Chain-Planung. Manche dieser Planungsherausforderungen sind sehr umfangreich, einige äußerst komplex und andere scheinen schier unlösbar. Seit 1997 hat Quintiq jede Herausforderung seiner Kunden mit einer einzigen Software-Plattform zur Supply-Chain-Planung und -Optimierung gelöst. Heute vertrauen rund 12.000 Nutzer in über 80 Ländern bei der Personal-, Logistik- sowie Produktionsplanung und -optimierung auf die Software von Quintiq. Quintiq ist ein Teil von Dassault Systèmes (Euronext Paris: #13065, DSY.PA) und hat jeweils einen Hauptsitz in den Niederlanden und in den USA sowie Niederlassungen auf der ganzen Welt.
News Article | September 20, 2017
‘S-HERTOGENBOSCH, The Netherlands--(BUSINESS WIRE)--Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimization (SCP&O), announces that it has partnered with European Gateway Services (EGS) to bring a new level of intelligence to intermodal logistics. European Gateway Services (EGS) offers the market an integrated network for transport to and from the European hinterland. To better support its customers, EGS takes standard planning strategies to a new level with a synchromodal trip optimizer using Quintiq’s planning and optimization software, which employs artificial intelligence to choose the optimal modes and routes at all times. European Gateway Services has an extensive network: the two terminals of parent company Hutchison Ports ECT Rotterdam (ECT) in the Port of Rotterdam as well as other deep sea terminals in Rotterdam and Antwerp are connected to EGS’s inland terminals and other inland terminals – by rail, barge and road. The key differentiator between the offering of EGS and those of intermodal service providers operating throughout Europe is simple but powerful – while intermodal service providers typically run fixed routes made up of pre-defined modalities and legs, EGS allows for mode- and route-neutral transport solutions. It selects the most reliable, efficient and sustainable route at that moment for that customer. When planners work with Excel or other traditional route planning technologies, fixed routes are typically the only way to plan, given the limitations of human capacity and the standard technology. However, by leveraging artificial intelligence, planners can work without these restrictions and manage higher levels of complexity. Powered by the speed and intelligence of the Quintiq software, all possible modes and routes are dynamically evaluated. This allows the system to perform a wide search in real time to find the most optimal solution in terms of costs, on-time delivery and capacity utilization among other KPI’s. The Quintiq software draws on EGS’ data and its network in real time to ensure that plans remain optimal even when external factors such as delays affect the network. The result is a growing network of efficient, reliable and sustainable connections. According to Rob van Egmond, CEO at Quintiq, “The power of synchromodality lies in the balance it brings between overall efficiency and customer service. The challenge lies in the massive jump in complexity and scale. That is where Quintiq’s artificial intelligence comes in, allowing EGS to master – and capitalize on – that complexity.” As a synchromodal service provider, European Gateway Services (EGS) offers the market an integrated network for transport to and from the European hinterland. Synchromodal transport enables customers to operate more sustainably at lower costs and with greater reliability. EGS provides shipping companies, logistics service providers and shippers with high frequent rail and inland waterway connections between a growing network of inland terminals and deep-sea terminals in Rotterdam and other ports. Furthermore, EGS also provides many additional services in the field of customs, storage, empty depot and home delivery. EGS is a subsidiary of Hutchison Ports ECT Rotterdam, one of Europe’s leading and most advanced container terminal operators. Every business has its supply chain planning puzzles. Some of those puzzles are large, some are complex and some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning and optimization software. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq is part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and has headquarters in the Netherlands and the USA, and offices around the world. For more information, visit quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.
News Article | November 15, 2016
PARIS--(BUSINESS WIRE)--Die Hager Gruppe wählt Quintiq zur Unterstützung des Sales & Operations Planning Prozesses und zur Verringerung des Lagerbestandes von Roherzeugnissen und Endprodukten.
News Article | November 15, 2016
PARIS--(BUSINESS WIRE)--Quintiq, a Dassault Systèmes company and global leader in supply chain planning and optimization (SCP&O), announced today that its software has been selected to improve Hager Group’s demand forecasting process globally. Founded in 1955, Hager Group is a leading supplier of solutions and services for electrical installations in residential, commercial and industrial buildings. Ranging from energy distribution through cable management and wiring accessories to building
News Article | October 27, 2016
OVERLAND PARK, Kan., Oct. 27, 2016 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ:YRCW) reported consolidated operating revenue for third quarter 2016 of $1.221 billion and consolidated operating income of $38.8 million, which included a $0.2 million loss on property disposals. As a comparison, the Company reported consolidated operating revenue of $1.245 billion for the third quarter 2015 and consolidated operating income of $47.7 million, which included a $0.9 million loss on property disposals. “Our third quarter 2016 financial results were impacted by the soft industrial backdrop and lower fuel surcharge revenue compared to a year ago,” said James Welch, chief executive office at YRC Worldwide. “Year-over-year tonnage per day was down during the quarter although it was the smallest decline at YRC Freight and the Regional segment in several quarters. We continue to believe pricing discipline in the LTL sector remains steady despite the near-term headwinds,” stated Welch. “We are managing through the current state of the economy by continuing to invest in technology and revenue equipment while focusing on actions that position our Company well for the long-term such as customer service and enhancing safety,” Welch continued. “We recently opened a new terminal in the Atlanta region, adding to our extensive networks. The new YRC Freight facility has strengthened our customer service in the Southeast Region. Following the recent installations of the in-cab safety technology, we are seeing a reduction in the type of accidents at YRC Freight, Holland, Reddaway and New Penn that these investments were designed to prevent. Other significant technology investments that we are making include driver handheld units and Optym load plan and Quintiq route optimization solutions. We plan to continue making disciplined and strategic investments to meet our commitment to be best in class in safety and customer service. “We believe the investments that we are making in the Company combined with our highly-experienced employees, comprehensive North American coverage and tremendous asset base position us well for a stronger freight environment,” concluded Welch. Key Segment Information – third quarter 2016 compared to third quarter 2015 YRC Worldwide Inc. will host a conference call with the investment community today, Thursday, October 27, 2016, beginning at 4:30 p.m. ET, 3:30 p.m. CT. A live audio webcast of the conference call and presentation slides will be available on YRC Worldwide Inc.’s website yrcw.com. A replay of the webcast will also be available at yrcw.com. EBITDA is a non-GAAP measure that reflects the company’s earnings before interest, taxes, depreciation, and amortization expense. Adjusted EBITDA (defined in our credit facilities as Consolidated EBITDA) is a non-GAAP measure that reflects the company’s earnings before interest, taxes, depreciation, and amortization expense, and further adjusted for letter of credit fees, equity-based compensation expense, net gains or losses on property disposals, restructuring professional fees, nonrecurring consulting fees, expenses associated with certain lump sum payments to our International Brotherhood of Teamster employees and gains or losses from permitted dispositions and discontinued operations, among other items as defined in the company’s credit facilities. EBITDA and Adjusted EBITDA are used for internal management purposes as a financial measure that reflects the company’s core operating performance. In addition, management uses Adjusted EBITDA to measure compliance with financial covenants in the company’s credit facilities and to pay certain executive bonus compensation. However, these financial measures should not be construed as better measurements than net income, as defined by generally accepted accounting principles (GAAP). EBITDA and Adjusted EBITDA have the following limitations: Because of these limitations, EBITDA and Adjusted EBITDA should not be considered a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA as secondary measures. The company has provided reconciliations of its non-GAAP measures, EBITDA and Adjusted EBITDA, to GAAP net income and operating income (loss) within the supplemental financial information in this release. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words such as “will,” “expect,” “intend,” “anticipate,” “believe,” “could,” “should,” “may,” “project,” “forecast,” “propose,” “plan,” “designed,” “enable,” and similar expressions which speak only as of the date the statement was made are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain, are based upon current beliefs, assumptions and expectations of Company management and current market conditions, and are subject to significant business, economic, competitive, regulatory and other risks, uncertainties and contingencies, known and unknown, many of which are beyond our control. Our future financial condition and results could differ materially from those predicted in such forward-looking statements because of a number of factors, including (without limitation) our ability to generate sufficient cash flows and liquidity to fund operations and satisfy our cash needs and future cash commitments, including (without limitation) our obligations related to our indebtedness (including compliance with scheduled increases in financial performance related debt covenants) and lease and pension funding requirements; our ability to amend our term loan credit facility to obtain covenant relief, if necessary, which would be largely outside of our control; the success of our management team in continuing with its strategic plan and operational and productivity improvements, including (without limitation) our continued ability to meet quality delivery performance standards, and our ability to increase volume and yield and the impact of those improvements to meet our future liquidity and profitability; the uncertainty in the overall economy; our ability to finance the maintenance, acquisition and replacement of revenue equipment and other necessary capital expenditures; our dependence on our information technology systems in our network operations and the production of accurate information, as well as the risk of system failure, inadequacy or security breach; changes in equity and debt markets; inclement weather; price of fuel; sudden changes in the cost of fuel or the index upon which we base our fuel surcharge and the effectiveness of our fuel surcharge program in protecting us against fuel price volatility; competition and competitive pressure on pricing; expense volatility, including (without limitation) volatility due to changes in purchased transportation service or pricing for purchased transportation; our ability to comply and the cost of compliance with federal, state, local and foreign laws and regulations, including (without limitation) laws and regulations for the protection of employee safety and health and the environment, as well as state and federal labor laws; terrorist attack; labor relations, including (without limitation) our ability to attract and retain qualified drivers, the continued support of our union employees with respect to our strategic plan, the impact of work rules, work stoppages, strikes or other disruptions, our obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction; the impact of claims and litigation to which we are or may become exposed; and other risks and contingencies, including (without limitation) the risk factors that are included in our reports filed with the SEC, including those described under “Risk Factors” in our annual report on Form 10-K and quarterly reports on Form 10-Q. YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. Through their teams of experienced service professionals, YRC Worldwide companies offer industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit our website at www.yrcw.com for more information.