GREENVILLE, S.C. (May 12, 2004) — Michelin North America Inc. said it has “significantly expanded” its relationship with Yellow Roadway Corp. to be a major supplier of new tires, retreads and tire service to the trucking company's fleets.
The Greenville-based tire maker said it will supply “well over half” of the tires and retreads for Yellow Roadway's 450,000 consolidated wheel positions, making the trucking company one of Michelin's largest North American tire and retread customers. “We're extremely pleased,” a Michelin spokeswoman said.
Effective Aug. 1, the company's Michelin Americas Truck Tires (MATT) and Michelin Retread Technologies (MRT) units will expand their work with Yellow Roadway. The spokeswoman said the work will be done through Michelin's network of dealers and franchised retreaders.
Yellow Corp. bought Roadway Corp. late last year in a deal valued at nearly $1 billion. Roadway's Roadway Express unit had a contract since 1999 that outsourced all of its tire functions—from inventory to maintenance—to Bandag Inc. Earlier this month Bandag said the combined trucking company had decided not to renew that contract.
“Since the acquisition, we continue to look for and find new, more efficient synergies,” Mike Smid, president, enterprise services and chief integration officer for Yellow Roadway, said in a Michelin statement.