TAMPA, Fla., April 5, 2010 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq:QLTY) ("Quality") announced that it has named Randall T. Strutz as Senior Vice President of Sales for Quality.
"Randy brings to us a wealth of sales, operations and leadership experience and I'm extremely pleased that he has agreed to join us," said Gary Enzor, President and Chief Executive Officer. "He will lead our sales organization with passion and accountability that will enable us to further extend our industry leadership position."
Strutz joins Quality with over 20 years experience in transportation and logistics. Most recently, Strutz was CEO of Morgan Systems, Inc. Prior to that, he was at Pacer International for six years where he held various responsibilities such as the Chief Commercial Officer as well as the President of Rail Brokerage and Chief Operating Officer. Strutz has also held key management positions in operations and logistics at Thomson, S.A., a multinational consumer products manufacturer.
"I'm very pleased to join the Quality team," Strutz said. "Quality plays a vital role in providing a national network for the top chemical producers in the country. Not only do I look forward to working with Quality's customers to make sure the service we provide and the solutions we offer them meet their needs, I'm excited about the opportunities ahead for Quality's development and growth."
Headquartered in Tampa, Florida, Quality, through its subsidiaries, Quality Carriers, Inc. and Boasso America Corporation, and through its affiliates and owner-operators, provides bulk transportation and related services. Quality is an American Chemistry Council Responsible Care® Partner and is a core carrier for many of the Fortune 500 companies that are engaged in chemical production and processing.
Quality Distribution, Inc.'s common stock trades on the NASDAQ Global Market under the symbol "QLTY." For further information about Quality, visit the company's website at www.qualitydistribution.com.
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This press release may contain certain forward-looking information that is subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995 and is subject to certain risks and uncertainties that could cause actual results to differ materially from those expected or projected in the forward-looking statements. Without limitation, additional risks and uncertainties regarding forward-looking statements include the effect of local and national economic, credit and capital market conditions on the economy in general, and on the industries in which we operate in particular; turmoil in credit and capital markets; access to available and reasonable financing on a timely basis; availability and price of diesel fuel; adverse weather conditions; competitive rate fluctuations; our substantial leverage and restrictions contained in our debt arrangements and interest rate fluctuations in our floating rate indebtedness; the cyclical nature of the transportation industry due to various economic factors such as excess capacity in the industry, the availability of qualified drivers, changes in fuel and insurance prices, interest rate fluctuations, and downturns in customers' business cycles and shipping requirements; potential disruption at U.S. ports of entry; our dependence on affiliates and independent owner-operators and our ability to attract and retain drivers; changes in future, or our inability to comply with, governmental regulations and legislative changes affecting the transportation industry; our material exposure to both historical and changing environmental regulations and the increasing costs relating to environmental compliance including those related to the control of greenhouse gas emissions such as market-based (cap and trade) mechanisms; our liability as a self-insurer to the extent of our deductibles, as well as our ability or inability to reduce our claims exposure through insurance due to changing conditions and pricing in the insurance marketplace; the cost of complying with existing and future anti-terrorism security measures enacted by federal, state and municipal authorities; the potential loss of our ability to use net operating losses to offset future income; increased unionization, which could increase our operating costs or constrain operating flexibility; changes in senior management; our ability to successfully manage workforce restructurings; our ability to effectively manage terminal operations that are converted from company-operated to affiliate; our ability to successfully integrate acquired businesses; potential future impairment charges; changes in planned or actual capital expenditures due to operating needs, changes in regulation, covenants in our debt arrangements and other expenses, including interest expenses; and interests of Apollo, our largest shareholder, which may conflict with your interests. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and its Quarterly Reports on Form 10-Q, as well as other reports filed with the Securities and Exchange Commission. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this release.
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