Asia is an important trade region for the United States. Based in Overland
Park, Kansas
, Meridian IQ allows companies to improve their transportation
network and overall supply chain efficiency
by offering flexible logistics
solutions supported by Web-hosted technology and global logistics
management
capabilities.
About Yellow Roadway Corporation
Yellow Roadway Corporation
is one of the largest transportation service
providers in the world.
particular limited
com ) provides e-business solutions
that
connect buyers and suppliers to maximise supply chain efficiencies. The acquisition is designed
to further advance Meridian IQ
as a single source for comprehensive and seamless global logistics
solutions.may serving
CST. Should one or more of these
risks or uncertainties materialize, or should the underlying
assumptions prove
incorrect, actual outcomes could vary materially from those indicated.,
11490
Westheimer, Suite 400, Houston, Texas 77077. Tel: 281.
Quadrem announced the opening of its new
offices in Dubai and Abu Dhabi
last month., Meridian IQ, the
global logistics management subsidiary
of Yellow Roadway Corporation
(Nasdaq: YELL), today announced its acquisition of the Shanghai-based
GPS
Logistics Group. The portfolio of brands provided through Yellow Roadway
Corporation subsidiaries
represents a comprehensive array of services for the
shipment of industrial, commercial and retail
goods domestically and
internationally.kingdom only
The Company's
shares are traded on the NASDAQ National
Market System under the symbol
"GLBL".
This press release may contain forward-looking information
based on
current information and expectations of the Company that involve a number of
risks, uncertainties
, and assumptions.quadrem.This category is for links to regional hospitality categories only.
industries employment
In 2003
, China
was rated as the fifth largest trading partner for the United States,
representing over
20 percent of all Asian imports and exports.
This may include, but is not limited to, sites for
companies that supply to a limited area, trade associations for a particular country and employment
agencies serving a particular area.
kingdom agencies
Global Industries provides pipeline construction, platform
installation
and removal, diving services, and other marine support to the oil and gas
industry
in the Gulf of Mexico, West Africa, Asia Pacific, the Mediterranean,
Middle East/India, South America
, and Mexico's Bay of Campeche.com . "As supply
management in China continues to increase in importance
, Meridian IQ can
deliver value by eliminating the complexities of global logistics processes
for
our clients," commented Ritchie. "Today's announcement underscores our commitment to
developing increased
capabilities and services around the world for our
clients.supply but
Quadrem's
global transaction platform
, vibrant international trading community and high-
quality content services enable customers to implement
the most effective
e-business initiatives for buyers and suppliers.
not hospitality
Global Industries
Chief Executive Officer William J.
"The importance of China as the world's fastest-growing large
economy is
not limited to trade with the United States," added Peter Chow, GPS Logistics
Group
President and CEO.industries companies
"China is reshaping global and regional trade
patterns throughout Asia, and Meridian
IQ is there to help clients maintain
control of their supply chain amid evolving processes and regulatory
requirements.
In 2003, Meridian IQ acquired the GPS Logistics United States operations, and
in
2004, acquired the GPS Logistics United Kingdom operations.industries trade
The company tripled its customer base and
increased revenues
70% over 2003 results.
country kingdom
529.kingdom employment
Global Industries to Present at Raymond James 26th
Annual Institutional Investors Conference
Trade growth
for China is expected to continue at a
rate of nine percent in 2005, according
to the China Development Research Center of the State Council
. Currently,
Meridian IQ now owns and operates facilities in the United States, Europe,
Latin
America and Asia.such only
associations categories
CARLYSS, La., Global Industries, Ltd. Copies of the
slide presentation will
be posted on the Company's website following the
event. DUBAI, United Arab Emirates and DALLAS
, Quadrem,
the global eMarketplace(TM), has enabled its first electronic procurement
transactions
in the Middle East."
Meridian IQ has worked closely with GPS Logistics for over three years.
canada but
The Middle Eastern subsidiaries of Quadrem's
global buyers have started transacting with their suppliers
in the region via
Quadrem's transacting platform. "GPS Logistics clients
in Asia can benefit
from the flexible, customized solutions, supply chain
visibility and control now available worldwide
from Meridian IQ," Ritchie
added."
About Meridian IQ
Meridian IQ, a wholly owned
subsidiary of Yellow Roadway Corporation
(Nasdaq: YELL), is a global logistics management company
.hospitality supply
m.
contain philippines
Among the factors that could cause the
actual results to differ materially are industry
conditions, prices of crude
oil and natural gas, the Company's ability to obtain and the timing of
new
projects, and changes in competitive factors. Expands Global Logistics Management Services
in Pacific Rim
OVERLAND PARK, Kan.
"We are pleased with the results achieved by Meridian
IQ; they truly
exemplify our core purpose of making global commerce work by connecting
people
, places and information," stated Bill Zollars, Chairman, President and
CEO of Yellow Roadway.serving such
canada but
(Nasdaq: GLBL) announced today that it will participate in the Raymond James +
Associates 26th Annual
Institutional Investors Conference March 6-9, 2005.
The Conference is being held at the Hyatt Regency
Grand Cypress in Orlando,
Florida.7979 or
http://www.Quadrem Enables First eMarketplace Transactions
in Middle East
The expansion comes on the heels of Quadrem's significant global
growth in 2004
.trade industries
globalind.
About Quadrem
Quadrem (http://www.
"With the acquisition, Meridian
IQ has the added resources of 230
employees located in 25 offices throughout Asia and a Class A license
in
China, which strengthens our ability to provide the necessary care, custody
and control of
our clients' shipments in the region," said Jim Ritchie,
President and Chief Executive Officer of
Meridian IQ.hospitality agencies
kingdom supply
For more information, contact Investor Relations, Global Industries, Ltd.
Regional hospitality categories such as Regional/Europe/United_Kingdom/Business_and_Economy
/Industries/Hospitality contain sites that are centered on that particular region.
canada only
For additional
news releases on Global Industries, Ltd. Established in 2000, Quadrem
has locations in Australia
, Brazil, Canada, Chile, France, Mexico, The
Netherlands, Peru, Singapore, South Africa, UAE and the
United States.
The acquisition will also provide management depth and expertise in China, the
heart
of the world's fastest growing economy.supply africa
, please visit
Global's website at http://www.globalind.Meridian
IQ Acquires GPS Logistics-Asia
Headquartered in Overland Park, Kansas, Yellow Roadway
Corporation
employs over 50,000 people worldwide.associations companies
Dore will make
a presentation on Tuesday, March 8, 2005 at
4:00 p.com .
"Several Quadrem buyer customers have local operations in the Middle East,
and
we are quickly ramping up a supplier community to support the regional
objectives of their global
electronic procurement initiatives," said Leo van
Rensburg, General Manager for Quadrem Middle East
. Through its subsidiaries including Yellow
Transportation, Roadway Express, New Penn Motor Express
, Reimer Express,
Meridian IQ and Yellow Roadway Technologies, Yellow Roadway provides a wide
range
of asset and non-asset-based transportation services integrated by
technology.such associations
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