Panther Expedited Services, Inc. Names R. Louis Schneeberger President and CEO
and Edward R. Wadel COO
SEVILLE, Ohio, Feb. 18, 2013
SEVILLE, Ohio, Feb. 18, 2013 /PRNewswire/ --Panther Expedited Services, Inc.,
a leading provider of premium logistics services and a subsidiary of Arkansas
Best Corporation (Nasdaq: ABFS), today announced that R. Louis Schneeberger
has been appointed to the position of President and Chief Executive Officer.
Accompanying this move, Panther has also announced the appointment of Edward
R. Wadel as Chief Operating Officer. Andrew C. Clarke, Panther's President
and Chief Executive Officer since 2007, has resigned from the company.
Mr. Schneeberger joined Panther in 2010 as Chief Financial Officer and
Treasurer and was involved in the company's sale, by private equity firm
Fenway Partners LLC, to Arkansas Best Corporation. He previously served as
Chief Financial Officer for two publicly traded companies and as Chairman of
the Board for another. Mr. Schneeberger has an extensive background growing
small, privately owned companies into large public corporations by increasing
efficiency, improving organizational structure and generating revenues.
Mr. Wadel has served as Panther's Chief Information Officer since 2006, though
he has been the architect of Panther's technology since the company was
founded in 1992. Mr. Wadel initially worked with Panther as an on-site
consultant, helping develop many of Panther's original information technology
systems. Subsequently, Mr. Wadel formally joined Panther's senior management
team. He has extensive experience in all aspects of Panther's ground
operations and is closely involved with deployment of Panther's equipment
During his tenure, Mr. Clarke made significant contributions to Panther's
success through enhancement of existing services and solutions and through the
development of new markets, all designed to meet changing customer needs.
Under his leadership, Panther evolved from a regional expedited trucking
company into a global logistics provider, offering premium ground, air and
ocean solutions to customers around the world. Panther thanks Andy for his
service to the company and wishes him well in his future endeavors.
Panther possesses a strong management team. Continuity of business operations
and service to its customers and owner-operators remain its primary focuses.
Mr. Schneeberger stated, "The foundation of our success is in an operating
philosophy built on consistent performance and reliability in understanding
and meeting the unique needs of our customers. Those principles and
standards will continue as we move forward in serving them and in continuing
to be an integral part of the successful and timely delivery of their
Panther became a subsidiary of Arkansas Best Corporation, a widely respected
transportation services and solutions provider, in June 2012. Arkansas Best
and Panther share a commitment to superior customer service and a vision for
offering end-to-end logistics solutions for progressively more complex supply
chains. "Panther is an excellent strategic fit for Arkansas Best and we are
excited to be part of a company with a rich history of providing superior
services and unique logistics solutions," stated Mr. Schneeberger.
Founded in 1992, Panther Expedited Services, Inc. is one of the largest
Premium Logistics® companies in the world. Panther provides door-to-door
transportation solutions for more than 11,000 customers worldwide, including
Fortune 500 corporations, government agencies and transportation service
providers. Whether a shipment needs to move over the ground, through the air,
or on the ocean, Panther's logistics professionals can provide a range of
potential solutions that best meet a customer's time and cost requirements.
Panther is obsessive about service and it leads the industry in on-time
performance, regardless of the complexity of the shipment. Panther is: On
Time, On Target, No Exceptions. More information is available at
About Arkansas Best
Arkansas Best Corporation, headquartered in Fort Smith, Arkansas, is a freight
transportation services and solutions provider. Through its various
subsidiaries, Arkansas Best offers a wide variety of logistics solutions
including: domestic and global transportation of less-than-truckload ("LTL")
and full load shipments, expedited ground and time-definite delivery
solutions, freight forwarding services, freight brokerage, oversight of
roadside assistance and equipment services for commercial vehicles, and
household goods moving market services for consumers, corporations, and the
military. More information is available at arkbest.com, abf.com and
SOURCE Panther Expedited Services, Inc.
Contact: Brian A. Watson, 1-800-685-0657 ext. 3138,
Press spacebar to pause and continue. Press esc to stop.