SKINNER NAMED PRESIDENT, CEO OF USFREIGHTWAYS CORP.
Samuel K. Skinner has been named president and chief executive officer of USFreightways Corp. He succeeds Cam Carruth, who will continue as chairman until Dec. 31, at which time Skinner will also become chairman.
Carruth had served as CEO of the Chicago-based company since 1985.
Skinner served as Secretary of Transportation from 1989 to 1991 and as Chief of Staff to President George Bush from 1991 to 1992. Among his roles as Transportation Secretary was passage of key surface transportation legislation and liberalizing U.S. international aviation policy through the enactment of the “open skies” policy.
Most recently, he has served as co-chairman of Hopkins & Sutter since 1998. He also served as president of Commonwealth Edison Co. from 1993 to 1998..
Yellow Corp. had announced in April that Skinner would be chairman of Transportation.com, an Internet transportation company funded by Yellow and venture capital firms TL Ventures and EnerTech Capital Partners.