WESTPORT, Conn., Feb. 19, 2010 -- Velocity Express ("Velocity"), a leading nationwide provider of same-day transportation and logistics services and solutions, announced today the appointment of John L. McAlpin as President/COO. Effective immediately, McAlpin will have responsibility for all day-to-day operations and personnel.
McAlpin has been charged with continuing to emphasize customer service, IC drivers and facility level operations for Velocity. All personnel will report directly or indirectly to John McAlpin.
McAlpin has over 25 years of experience in the transportation and logistics industry. He has extensive experience in supply chain optimization solutions, manufacturing, and engineering. Most recently, since 2004, McAlpin has served as the head of operations for Newgistics Incorporated, a leading provider of USPS-based small parcel delivery and return delivery package services. Newgistics, a key Velocity customer, supports McAlpin's appointment to the Velocity executive management team. Before joining Newgistics, McAlpin was Vice President and General Manager with Flextronics International in their Supply Chain Services division. Prior to that, he served as Vice President of Transportation with First Union Corporation and as a Managing Director with Federal Express Logistics Services. McAlpin holds a Bachelor's degree in Mechanical Engineering from the University of Memphis and is an active member of the Parcel Shippers Association.
Vince Wasik will remain with Velocity as non-executive Chairman, working directly with ComVest, Velocity's majority owner, and the Velocity board of directors on strategic initiatives and business development opportunities. Jeff Hendrickson will be retiring and remain available to the company on a consulting basis.
Jerry Vento, Operating Partner at ComVest, said, "John is a high-integrity, no-nonsense executive who will stress the core components of our business. He will ensure that the customer promises we make will be delivered on consistently every day at every level of the organization, from local city management to corporate headquarters."
Jose Gordo, Managing Director at ComVest, Velocity's majority owner, said, "We feel very fortunate to have attracted a talent like John. We believe his deep background in the transportation and logistics industry is exactly what we need to help lead Velocity into the future. We thank Vince and Jeff for their many significant contributions to Velocity. We look forward to continuing to work with Vince in his capacity as Chairman, where we believe he will be well-positioned to bring wisdom and leadership."
Bill Razzouk, CEO at Newgistics, said, "We are pleased that John has been given this opportunity with Velocity. He has been very valuable to our success at Newgistics and we wish him well. We look forward to being a customer of John's and are optimistic that his involvement with Velocity could lead to increased business between our two companies."
Additional information about Velocity is available at the Company's web site http://www.velocityexpress.com under Company Info.
About ComVest
The ComVest Group is a leading private investment firm focused on providing debt and equity solutions to lower middle-market companies with enterprise values of less than $350 million. Since 1988 the ComVest Group has invested more than $2 billion of capital in over 200 public and private companies worldwide. Through our extensive financial resources and broad network of industry experts, we are able to offer our companies total financial sponsorship, critical strategic support, and business development assistance.
About Velocity Express
Velocity Express has one of the largest nationwide networks of regional, time definite, ground delivery service areas, providing a national footprint for customers desiring same-day service throughout the United States. The Company's services are supported by a customer-focused technology infrastructure, providing customers with the reliability and information they need to manage their transportation and logistics systems, including a proprietary package tracking system that enables customers to view the status of any package via a flexible web reporting system.