SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 6, 2000
USFREIGHTWAYS CORPORATION
Delaware 0-19791 36-3790696
(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
8550 West Bryn Mawr Avenue, Chicago Illinois 60631
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number
including area code: (773) 824-1000
Not applicable
(Former name of former address, if changed since the last report)
The ExhibitIndex is located on Page 2. This Report contains 5 pages.
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Item 5. Other Events.
On June 6, 2000, USFreightways Corporation announced that
Samuel K. Skinner has been elected President and Chief
Executive Officer. On June 7, 2000, USFreightways Corporation
announced that its Board of Directors authorized a stock
repurchase program of up to 500,000 shares of its common
stock.
Item 7. Exhibits.
Exhibit 99 News Releases, dated June 6 and 7, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this Current Report to be signed on its
behalf by the undersigned hereunto duly authorized.
USFREIGHTWAYS CORPORATION
By: /s/Christopher L. Ellis
_______________________
Christopher L. Ellis
Senior Vice President, Finance and Chief Financial Officer
Date: June 9, 2000
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EXHIBIT 99
Page 1 of 2
News Release
[GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
TUESDAY, JUNE 6, 2000 CAM CARRUTH AT 773.824.2204
Sam Skinner Elected President and CEO
of USFreightways Corporation
Chicago, IL, ...Cam Carruth, Chairman of USFreightways Corporation (NASDAQ:
USFC) announced today that the Board of Directors has elected Samuel K. Skinner
to succeed him as President and Chief Executive Officer. Carruth, who has served
as CEO since 1985, also indicated that he will continue as Chairman until
December 31, 2000 - at which time Mr. Skinner will also become Chairman.
Cam Carruth said, "We are indeed fortunate to have a man of Sam Skinner's
caliber and experience to lead USFreightways in becoming a leader in domestic
and global supply chain management. I look forward to working with Sam and to
assist him in his new responsibilities."
Mr. Skinner said, "Cam Carruth, through his outstanding leadership, has
positioned the company to be the premier transportation and full-service
logistics provider to businesses throughout the world." Mr. Skinner also said
that he is excited about the opportunity to lead the company as it continues to
provide outstanding service to its customers in the new exciting e-commerce
environment.
Mr. Skinner has enjoyed an outstanding legal and business career. He joined
Hopkins & Sutter as Co-Chairman in 1998. Skinner served as Secretary of
Transportation (1989-1991) and as Chief of Staff to President George Bush
(1991-1992). As Secretary of Transportation, Mr. Skinner served as CEO of the
Department of Transportation and developed and implemented President Bush's
National Transportation Policy. He successfully led the effort to pass landmark
aviation and surface transportation legislation. Mr. Skinner was also
responsible for liberalizing U.S. international aviation policy through the
enactment of the "Open Skies Policy."
He also served as President of Commonwealth Edison Company from 1993 to
1998. It was under his tenure that the state's largest public utility company
developed a multi-pronged strategy to deal with deregulation in the industry as
well as a market focused approach to the changing nature of its energy
generation, transmission and distribution businesses.
Mr. Skinner will be located at the Company's Headquarters in Chicago and is
expected to commence his new responsibilities early in July.
USFreightways (NASDAQ: USFC) provides comprehensive supply chain management
services, including high-value, regional less-than-truckload (LTL)
transportation, logistics, domestic and international freight forwarding and
premium regional and national truckload transportation. For more information,
contact the Company at www.usfreightways.com.
<PAGE>
EXHIBIT 99
Page 2 of 2
News Release
[GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
JUNE 7, 2000 CHRIS ELLIS (773) 824-2205
USFreightways Corporation Announces Stock Buyback
Chicago, Ill... USFreightways Corporation (NASDAQ: USFC) announced today that
its Board of Directors has authorized the repurchase of up to 500,000 shares of
its Common Stock, from time to time, commencing June 8th, in either public
market or private transactions. The Company currently has approximately 26.7
million shares outstanding.
Cam Carruth, Chairman of USFreightways, said, "The repurchases may be made until
the earlier of the purchase of all 500,000 shares as authorized, or December 31,
2000. Furthermore, the Company intends to make purchases only at such time and
share prices as the Company deems to be favorable in relation to the Company's
business prospects and financial condition."
USFreightways provides comprehensive supply chain management services, including
high-value, regional less-than-truckload (LTL) transportation, logistics,
domestic and international freight forwarding and premium regional and national
truckload transportation. For more information, contact the Company at
www.usfreightways.com.
