9700 Higgins Rd., Rosemont 60018; 847-696-0200
Website: www.usfreightways.com
Founded: 1991
Employees: 15,403; 1,179 in Illinois
Year-end: Dec. 31
Foreign sales: Less than 1 percent of $1.33 billion
Chief executive: J. Campbell Carruth, 66, since 1991
Cash compensation: $905,250, up 50 percent
Options granted: $1,328,551; None in 1995
Options, stock appreciation rights exercised: None
Shares owned: 127,454 of 25.8 million
Largest shareholder: Fidelity Management & Research Co., 14.3 percent
Stock: 365-day close as of April 15, 1997
High: $28.62
Low: $16.75
April 15: $26.87
April 18, 1997 value of $1,000 in company stock:
Purchased April 18, 1996: $1,192
Purchased April 18, 1992: $2,528
USFreightways operates five regional less-than-truckload general commodities carriers which provide overnight and second-day delivery throughout the United States and into Canada.
Although the company achieved record revenues last year, profits fell more than 5 percent, mainly as a result of severe winter weather in the Northeast and competitive pricing pressures in the trucking industry.
By contrast, 1997 promises to be an exceptionally good year, thanks in part to price increases imposed Jan. 2. The company’s first-quarter net income soared 124 percent from a year earlier.
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A guide to the Top 100 profiles
The Tribune’s business staff profiles the Chicago area’s Top 100 companies, based on market capitalization as of April 15, 1997. Here’s a quick primer on the information you’ll find.
– The CEO’s cash compensation, including bonus and other compensation paid in 1996, along with the change from the prior year.
– The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
– The company’s largest shareholder, as listed in the proxy statement.
– Estimated current values of stock options granted the CEO, as reported in the proxy statement, and the change from the prior year, as well as options and stock appreciation rights exercised during the year. In most cases, the current value of options granted is based on the assumption of a 5 percent annual rate of stock price growth.
– Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago. The date on which those calculations are based is April 18. The results assume reinvestment of dividends on a quarterly basis.
The information in the profiles was obtained from the following sources:
– Company reports, including annual reports, public stock offering prospectuses and proxy statements.
– Interviews with company officials.
– Reports by securities analysts.
– News reports.
– Dow Jones News/Retrieval, an on-line service of Dow Jones & Co., New York.
– Bloomberg Business News, New York.
– TMS Stocks, a subsidiary of Tribune Media Services Inc., a unit of Tribune Co., Chicago.
– Morningstar Inc., Chicago.
– “First Chicago Guide,” published by Scholl Communications, Deerfield.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
