9700 Higgins Rd., Rosemont 60018; 847-696-0200
Web site: www.usfreightways.com
Founded: 1991
Employees: 16,843; 1,677 in Illinois
Year-end: Jan. 3
Foreign sales: Less than 1 percent of $1.56 billion
Chief executive: J. Campbell Carruth, 67, since 1991
Cash compensation: $1,105,575, up 22 percent
Options granted: $2,000,720, up 51 percent
Options, stock appreciation rights exercised: $1,121,796
Shares owned: 80,642 of 26.1 million
Largest shareholder: FMR Corp., 10.8 percent
Stock: 365-day close as of April 15
High: $40.37
Low: $23.12
April 15: $36.37
April 17, 1998, value of $1,000 in company stock:
Purchased 1997: $1,343
Purchased 1993: $3,253
Ten years ago, USFreightways set out to build a network of regional trucking companies that would cover the nation. It has largely reached that goal and is a leader in less-than-truckload shipments. The regional lines now provide overnight and second-day delivery service throughout the U.S. and Canada.
Over the next two years the company plans to expand or renovate more than half of the 51 terminals operated by USF Holland.
Last year’s acquisition of USF Seko Worldwide, an air-freight forwarder that provides service to 70 countries, is expected to provide the company with a base for its expansion into the international market.
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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. Here’s a quick primer on the information you’ll find:
– The CEO’s cash compensation, including bonus and other compensation paid in 1997, 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.
– Estimated current values of stock options granted the CEO, and the change from the prior year, as well as options and stock appreciation rights exercised during the year. In most cases, the value of options granted is based on an assumption of a 5 percent annual rate of stock price growth, or is determined using the Black-Scholes option pricing model.
– Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago. The date on which these calculations are based is April 17. 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.
– Bloomberg News, New York.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
