Industry & Services >> CEO Interviews >> May 16, 2002

Samuel Skinner – Usfreightways Corporation (usfc)

SAMUEL K. SKINNER was elected Chairman, President and Chief Executive Officer of USFreightways Corporation on July 17, 2000. Prior to joining USFreightways, Mr. Skinner was President of the Commonwealth Edison Company and its holding company Unicom Corporation, one of the nation's largest electric utilities. After retiring from Commonwealth Edison Company and Unicom, Mr. Skinner served as co-Chairman of Hopkins & Sutter, a national law firm based in Chicago, prior to assuming his current position. Prior to joining Commonwealth Edison, Mr. Skinner served as Chief of Staff to President George Bush. Prior to his White House service, Mr. Skinner served in the President's Cabinet for nearly three years as Secretary of Transportation. In addition, Mr. Skinner acted as the President's point person in numerous crisis situations, including the Eastern Airlines strike, the Exxon Valdez oil spill, the northern California earthquake, Hurricane Hugo and the 1991 national rail strike. Washingtonian magazine twice gave Mr. Skinner its highest ranking for his performance as Secretary of Transportation and he has also received numerous awards from the transportation industry. From 1985 to 1989, Mr. Skinner served as Chairman of the Regional Transportation Authority, which is the umbrella organization for three operating entities: the Chicago Transit Authority, Metra (commuter rail) and Pace (suburban bus line). From 1977 to 1989, Mr. Skinner practiced law as a senior Litigation and Regulatory Partner in the Chicago law firm Sidley & Austin, where he served on the firm's executive committee. From 1968 to 1975, Mr. Skinner served in the office of the United States Attorney for the Northern District of Illinois and, in 1975, President Ford appointed Mr. Skinner United States Attorney. Mr. Skinner held various sales and management positions with the IBM Corporation from 1960 to 1968. Mr. Skinner graduated from the University of Illinois in 1960 with a Bachelor of Science in Accounting. He served as a Lieutenant and a tank platoon leader in the United States Army in 1960-1961 and is an honor graduate of the Army Officers Basic Course. He graduated from DePaul University Law School in 1966, where he served on the law review. Profile
TWST: Can we start with a quick overview of USFreightways?

Mr. Skinner: USFreightways is primarily in two major businesses.

One is the regional LTL market, where we have five regional