MIQ Logistics, formerly known as YRC Logistics, has chosen logistics veteran Joey Carnes as chairman and CEO, the Overland Park-based company said Wednesday.
Carnes, former CEO of global supply-chain company BAX Global Inc., will work closely with COO John Carr, the former president of YRC Logistics. YRC Worldwide Inc. (Nasdaq: YRCW), a trucking company also based in Overland Park, sold most of its logistics business to Austin Ventures on Monday in a deal valued at $38.7 million.
“MIQ Logistics has the global, transportation and distribution service capabilities to create value for clients virtually anywhere in the world,” Carnes said in a release. “With the support of Austin Ventures, we have a unique opportunity to capitalize on the growth potential available in today’s market.”
Carnes started at BAX in 1999 and eventually helped oversee its integration with Schenker AG after BAX’s 2006 purchase by Deutsche Bahn AG.
Before BAX, he worked 12 years as executive vice president with Fritz Cos., which grew to $1.2 billion in global revenue.
Read more: Former YRC Logistics picks Carnes as CEO - Kansas City Business Journal
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