Michael Smid personal email
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Senior Executive and business leader with a rare depth of experience across all facets of P&L/financial management, operations, strategy, and involvement at all organizational levels. Proven success in startup, turnaround, expansion, acquisition, and merger integration environments. Driving force behind numerous groundbreaking industry “firsts” that strengthened revenue, profit and competitive market advantage. Respected as an innovator, thought leader, and industry expert; sees opportunities, communicates the vision, and delivers the transformational leadership to capitalize on unexploited market opportunities. Record of success in guiding organizations through complex and challenging change. Communicates effectively and navigates comfortably among board members, executive leadership teams, management, labor unions, employee groups, and customers. Polished communicator with experience in presenting testimony before congress, interacting with top government officials, working with the ATA, and conducting interviews with major media outlets.Specialties: P&L / Operations ManagementStrategic Planning / Tactical ExecutionBusiness Development / TransformationStartup / Turnaround / Expansion Product and Services DevelopmentState / Federal Regulatory ComplianceIntermodal Transportation / LogisticsClient Relationship ManagementM&A Analysis / IntegrationManagement / Labor RelationsChange / Crisis ManagementExecutive Leadership / Staff DevelopmentInternational TransportationExecutive Board Relationship Management
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RetiredNone Jan 2020 - Present
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Executive AdvisorContract Jul 2011 - PresentExecutive Advisor,
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President And Ceo - Yrc National Transportation (All Carriers) / Chief Operations Officer (Coo)Yrc Worldwide, Inc. 2009 - 2011Nashville, Tn, Us• P&L responsibility for all carriers (YRC, YRC Reimer, New Penn, USF Holland and USF Reddaway), in addition to executive leadership responsibility for YRC (subsidiary of YRC Worldwide).• Led company through challenging transition; enhanced morale/retention among 40K employees, negotiated favorable agreements with vendors and solidified relationships with key customers including Fortune 100 leaders.• Strengthened market advantage by developing a more competitive cost structure that enabled the company to maintain existing business through the economic downturn, in addition to generating substantial new revenue.• Renegotiated National Master Freight Agreement with International Brotherhood of Teamsters (IBT) leadership and 3 company labor agreements; saved in excess of $3 billion for YRC Worldwide over the life of the contracts. -
President And Ceo Yrc National TransportationYrc Worldwide, Inc. 2007 - 2009Nashville, Tn, Us• Led the consolidation of Yellow Transportation and Roadway to streamline/centralize operations, minimize excess capacity at each company, and eliminate redundant services to customers common to both companies.• Saved more than $200 million per year in operating costs through the consolidation; defined overall strategic direction, restructured leadership team, and communicated all changes across the enterprise.• Reduced fixed costs $1 billion per year and decreased annual capital expenditures $250+ million.• Managed P&L for two $3 billion companies; directed operations at more than 700 facilities across North America with 40K+ employees and assets in excess of 100K pieces of transportation equipment, prior to consolidation of the companies.
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President And Ceo, RoadwayYrc Worldwide, Inc. 2005 - 2007Nashville, Tn, Us• Spearheaded turnaround of Roadway and implementation of identified synergies and cost benefits following acquisition.• Managed $3+ billion P&L, improved profitability, and developed innovative transportation solutions to strengthen brand.• Reduced overhead $100 million per year through operations/productivity improvements, and decreases in sales expense.• Added $50+ million by introducing expedited delivery, expanded intermodal services, and leading-edge technology solutions • Recognized with “Carrier of the Year” awards from prominent organizations and the National Shippers Strategic Transportation Council (NASSTRAC), in addition to “Provider of Year” awards from CH Robinson and Wal-Mart.
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President And CioYrc Worldwide, Inc. 2004 - 2005Nashville, Tn, Us• Conducted due diligence and determined elements of financial benefit for Yellow Transportations acquisition of their largest competitor, Roadway Corporation, as well as USF. Identified $350+ million per year in potential synergies.• Defined/implemented integration plan and oversaw execution, including development of niche markets, shared services platform, and overlapping approaches to effectively manage markets and customers the companies had in common.• Reduced DSO by 3 days, increasing price yield 4 points; saved $50 million in administrative costs for the new organization.• Expanded capabilities, reduced costs, and streamlined operations for both Yellow Transportation and Roadway through upgrades to technology and software.
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Executive Vice President Operations, Cao, CfoYellow Transportation 2000 - 2004• Directed all operations and led Yellow Transportation strategic and financial planning teams. Developed strategic planning process that enabled the leadership from across all functional areas to effectively identify, prioritize, and select initiatives aligned with corporate objectives and the immediate/long-term needs of the business. • Monitored service quality/development of new services. As CAO, provided administrative direction for all support functions.• Achieved most profitable cycle in Yellow Transportation’s post-deregulation era.• Managed and revised the transportation network to improve efficiency; introduced intermodal services, expanded international operations in Canada and Mexico.• Negotiated Master National Freight Agreement and achieve ratification by the IBT.• Created robust competitive advantage by being 1st to market with an innovative, exceptionally high-margin express transportation business (Exact Express); grew to $150 million revenue in 2 years.
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Various RolesYellow Transportation 1985 - 2000Senior Vice President Operations, 1998–2000Vice President Central Business Group, 1996–1998Senior Director Operations, 1995–1996Regional Manager Western States, 1990–1995Branch Manager, multiple locations, 1985–1990
Michael Smid Skills
Michael Smid Education Details
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University Of Missouri At ColumbiaMarketing
Frequently Asked Questions about Michael Smid
What company does Michael Smid work for?
Michael Smid works for None
What is Michael Smid's role at the current company?
Michael Smid's current role is Transportation, Trucking, Logistics, Supply Chain Executive.
What is Michael Smid's email address?
Michael Smid's email address is sm****@****hoo.com
What schools did Michael Smid attend?
Michael Smid attended University Of Missouri At Columbia.
What are some of Michael Smid's interests?
Michael Smid has interest in Logistics, Boy Scout Leadership, Supply Chain Management, Rail Intermodal Transportation, Cars, Government Relations, Fishing.
What skills is Michael Smid known for?
Michael Smid has skills like Logistics, Strategy, Transportation, P&l Management, Operations Management, Strategic Planning, Ltl, Logistics Management, Process Improvement, Management, P&l, Supply Chain Management.
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