BNET Industries

Quality Distribution Inc.

(QLTY) is in the Transportation Industry

Market Cap:$73.8M
Last Fiscal Year Sales:$815.2M
  • Public
  • US
Dow Jones Description

We operate the largest for-hire chemical bulk tank truck network in North America based on bulk service revenues. The bulk tank truck market in North America includes all products shipped by bulk tank truck carriers and consists primarily of liquid and dry bulk chemicals (which includes plastics) and bulk dry and liquid food-grade products. We primarily transport a broad range of chemical products and provide our customers with tank wash facilities, logistics and other value-added services. We are a core carrier for many of the Fortune 500 companies engaged in chemical processing, including Dow Chemical, Procter & Gamble, Arclin USA, PPG Industries and Ashland Chemical Company, and we provide services to most of the top 100 chemical producers with U.S. operations. Our revenue is principally a function of the volume of shipments by the bulk chemical industry, the number of miles driven per load, our market share, and the allocation of shipments between tank truck transportation and other modes of transportation such as rail. The volume of shipments of chemical products is, in turn, affected by many other industries and end use markets, including consumer and industrial products, paints and coatings, paper and packaging, agriculture and food products, and tends to vary with changing economic conditions. Economic conditions and differences among the laws and currencies of nations may impact the volume of shipments imported into the United States. ...

Chief Executive Officer
Gerald L. Detter
Number of Employees 1,673
Contact Information

4041 Park Oaks Boulevard

Suite 200

Tampa, Florida 33610

qualitydistribu...

8136305826

NAICS Code General Freight Trucking, Long-Distance, Truckload: 484121

Recent Events

  • Quality Distribution posts higher 3Q profit, lower revenue

    11/05/09 - Financial Announcement - View Story

  • Quality Distribution, Inc. to Announce Third Quarter 2009 Results on November 3, 2009

    10/16/09 - Financial Announcement - View Story

  • BRIEF-Moody's cuts Quality Distribution LLC probability of default rating to Caa3

    9/03/09 - Bond / Stock Rating - View Story

  • Quality Distribution loses $186.2 million on big non-cash charge

    8/07/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Gerald L. Detter Chief Executive Officer
Stephen R Attwood President and Chief Financial Officer
W Michael McDonald President, Risk Management
Dennis R Copeland Senior Vice President and Chief Administrative Officer
Gary Enzor Chief Operating Officer
Michael A. Grimm Executive Vice President, Affiliate Relations
Virgil T Leslie Executive Vice President
Jonathan C Gold Senior Vice President, General Counsel and Secretary
Keith J. Margelowsky Senior Vice President, Performance Planning
Robert J Millstone Senior Vice President
Lorrel Margelowsky Vice President
Mike Bauer Regional Vice President of the Midwest for Quality Carriers
Robin Cohan Vice President
Alan H. Schumacher Director of Qdi
Ali Rashid Director of Qdi
Diane Helland Director, Investor Relations
Donald C. Orris Director of Qdi
Eric L. Press Director of Qdi
John J. Suydam Director of Qdi
Joshua J. Harris Director of Qdi
Marc E. Becker Director of Qdi
Richard B. Marchese Director of Qdi
Robert E. Gadomski Director of Qdi
Robert H. Falk Director of Qdi
Thomas M. White Director of Qdi
Thomas R. Miklich Director of Qdi
M. Ali Rashid Director
Marc C. Becker Director

Board of Directors

Name (plus bio) Position
Michael D. Weiner Board of Directors
Ric L. Press Board Member
Thomas R. Micklich Board of Directors

Gerald L. Detter has been employed as Chief Executive Officer of QDI since June 5, 2005. Mr. Detter is also a director of QDI and serves as Chairman of the Board. On November 9, 2005, Mr. Detter relinquished his title of President of QDI to Mr. Enzor as part of a Board-approved succession plan. Prior to his employment by QDI, Mr. Detter served as Senior Vice President of Conway Incorporated and President and Chief Executive Officer of Con-Way Transportation Services, Inc, a trucking subsidiary of Conway Incorporated from 1997 until his retirement in December 2004.

Organization Position Status
Quality Distribution, Inc. Chief Executive Officer Current
Quality Distribution, Inc. President Former
Quality Distribution, Inc. Director of Qdi Current

Steve Attwood joined QDI in July 2008 as Senior Vice President and Chief Financial Officer. Mr. Attwood also serves as Senior Vice President and Chief Financial Officer of Quality Distribution, LLC. Prior to joining QDI, Mr. Attwood served as the Corporate Controller for Swift Transportation Company from 2002-2007. Mr. Attwood was the Director of Shared Services for Dell Computer from 1998-2002 and held senior management positions with AlliedSignal (now Honeywell) from 1981-1994.

Organization Position Status
Quality Distribution, Inc. President and Chief Financial Officer Current

Organization Position Status
Quality Distribution, Inc. President, Risk Management Current
Risk & Insurance Management Society, Inc. Board of Directors Current
Homeowners Marketing Services, Inc. Vice President, Risk Management Former
Quality Distribution, Inc. Vice President of Risk Management Former
Value Rent A Car Director of Risk Management Former
New York Chapter Director Former
North Carolina State University Bachelor's Degree Former

Dennis R. Copeland serves as QDI’s Senior Vice President and Chief Administrative Officer. He joined QDI in 1998 in connection with the acquisition of CLC, at which time he assumed the position of Vice President Labor Relations and Human Resources. From October 1988 until he joined QDI, Mr. Copeland served as Vice President of Human Resources and Labor Relations for CLC. Prior to that time, he held various management positions with Lukens Steel Company.

Organization Position Status
Quality Distribution, Inc. Senior Vice President and Chief Administrative Officer Current

Gary R. Enzor has served as President of QDI since November 9, 2005. Mr. Enzor currently serves as Chief Executive Officer of QDI. Mr. Enzor joined QDI in December 2004 as Executive Vice President and Chief Operating Officer. Mr. Enzor also serves as Executive Vice President and Chief Operating Officer of Quality Distribution, LLC. Prior to joining QDI, Mr. Enzor served as Executive Vice President and Chief Financial Officer of Swift Transportation Company, Inc. since August 2002. Prior to Swift, he served as the Vice President & Chief Financial Officer of Honeywell Aerospace Electronic Systems. Prior to Honeywell, Mr. Enzor worked for Dell Computer from 1999 to 2001 in finance and as the General Manager of Dell's Higher Education business and from 1984 to 1999 at AlliedSignal in increasingly responsible information technology roles, and multiple business chief financial officer and business development positions. Mr. Enzor currently serves on the board of Keystone Montessori School.

Organization Position Status
Quality Distribution, Inc. Chief Operating Officer Current
Swift Transportation Co. Cfo Current
Quality Distribution, Inc. Executive Vice President Current
Keystone Montessori School, Inc. Board of Directors Current
Quality Distribution, Inc. President and CEO Current
Swift Transportation Co. Executive Vice President Former
Honeywell Aerospace Electronic Systems Vice President Former

Organization Position Status
Quality Distribution, Inc. Executive Vice President, Affiliate Relations Current

Organization Position Status
Quality Distribution, Inc. Executive Vice President Current
Triple Crown Services Company Vice President of Sales Former
Quality Distribution, Inc. General Manager Former
Roadway Express Inc. Former

Jonathan C. Gold has served as QDI's Senior Vice President, General Counsel and Secretary since April 1, 2007. Mr. Gold joined QDI in January 2005 as Vice President, Associate General Counsel and Assistant Secretary. Prior to his employment with the Company, Mr. Gold served as corporate counsel with CSX Transportation, Inc. and Vice President, General Counsel and Secretary with Softmart, Inc. In addition, Mr. Gold was in private practice in Washington, D.C. and served as Judicial Clerk to the Honorable Harvey E. Schlesinger, Senior U.S. District Judge for the Middle District of Florida. Mr. Gold retired from the U.S. Army Reserve in 2007 after more than 20 years of active and reserve military service and is a decorated veteran of Operation Iraqi Freedom.

Organization Position Status
Quality Distribution, Inc. Senior Vice President, General Counsel and Secretary Current
Quality Distribution, Inc. Associate General Counsel Current
Quality Distribution, Inc. Board of Directors Current
Softmart, Inc. Vice President Former
Softmart, Inc. General Counsel Former
CSX Transportation, Inc. Counsel Former
Softmart, Inc. Secretary Former

Organization Position Status
Quality Distribution, Inc. Senior Vice President, Performance Planning Current

Organization Position Status
Quality Distribution, Inc. Senior Vice President Current
Quality Distribution, Inc. General Counsel Current
Quality Distribution, Inc. Secretary Current
Lyondell Chemical Company Vice President Former
ARCO Chemical Company Corporate Secretary Former
Lyondell Chemical Company General Counsel Former

Lorrel Margelowsky joined QDI in June 2000 and serves as QDI’s Vice President of Business Analysis after serving as Vice President of Internal Audit for nearly nine years. Prior to joining QDI, she served as Regional Director with the National Exchange Carrier Association in Omaha, NE. Ms. Margelowsky also spent 10 years with GTE holding various accounting and auditing positions. Prior to GTE, Ms. Margelowsky served as a CPA with various public accounting firms.

Organization Position Status
Quality Distribution, Inc. Vice President Current

Mike Bauer joined QDI in January of 2005 as Regional Vice President of the Midwest for Quality Carriers. In September of 2005, Mr. Bauer was named President of QualaSystems, Inc. Prior to joining QDI, Mr. Bauer was Vice President of Sales for the Central Region for Consolidated Freightways. Mr. Bauer held numerous executive positions in his 18 year career with Consolidated Freightways, Inc.

Organization Position Status
Quality Carriers, Inc. Regional Vice President of The Midwest Current
Quality Distribution, Inc. Regional Vice President of the Midwest for Quality Carriers Current
Consolidated Freightways Corporation Vice President of Sales Former

Robin Cohan joined QDI in July 2005 and currently serves as Vice President, Corporate Controller and Treasurer. Prior to joining QDI, Ms. Cohan was the Executive Vice President and Chief Financial Officer of Tropical Sportswear Int’l Corporation from 2000 to 2005, and was the Assistant Corporate Controller for Danka Business Systems PLC from 1992 – 1999. Ms. Cohan also spent five years as an auditor with PricewaterhouseCoopers LLP. Ms. Cohan holds an MBA and is also a CPA.

Organization Position Status
Quality Distribution, Inc. Vice President Current

Organization Position Status
Quality Distribution, Inc. Director of Qdi Current
Noranda Aluminum, Inc Board of Directors Current
BlueLinx Holdings Inc. Board of Directors Current
Quality Distribution, Inc. Board of Directors Current
Noranda Aluminum Holding Corporation Board of Directors Current
Multimax Inc. Director Current
Anchor Glass Container Corporation Board of Directors Former

M. Ali Rashid, 31, became a director of Noranda HoldCo and of Noranda AcquisitionCo on May 18, 2007. Mr. Rashid is a partner of Apollo. He has been employed by Apollo since 2000. From 1998 to 2000, Mr. Rashid was employed by the Goldman Sachs Group, Inc. in the Financial Institutions Group of its Investment Banking Division. He is a director of Quality Distribution, Metals USA and Realogy Corporation. Mr. Rashid received an MBA from the Stanford Graduate School of Business and graduated magna cum laude and Beta Gamma Sigma from Georgetown University with a BS in Business Administration.

Organization Position Status
Noranda Aluminum, Inc Director of Noranda Holdco and Noranda Acquisitionco Current
Quality Distribution, Inc. Director of Qdi Current
Metals USA, Inc. Chairman Current
Countrywide plc Director Current
Noranda Aluminum Holding Corporation Director Current
Metals USA, Inc. Director Current
Realogy Corporation Director Current
The Goldman Sachs Group, Inc. Former
Stanford Graduate School of Business M.B.A. Former
Georgetown University B.S. Former

Organization Position Status
Quality Distribution, Inc. Director, Investor Relations Current

Donald C. Orris (65) has been a director of QDI since 1999. Since May 1999, Mr. Orris has been Chairman, President and Chief Executive Officer of Pacer International, Inc. From Pacer Logistics s inception in March 1997 until May 1999 he served as Chairman, President and Chief Executive Officer of Pacer Logistics.

Organization Position Status
Quality Distribution, Inc. Director of Qdi Current

Eric L. Press has been a director of Affinion since October 17, 2005. Mr. Press is a partner of Apollo Management, L.P. He has been employed with Apollo Management, L.P. since 1998 and has served as an officer of certain affiliates of Apollo Management, L.P. From 1992 to 1998, Mr. Press was associated with the law firm of Wachtell, Lipton, Rosen & Katz specializing in mergers, acquisitions, restructurings and related financing transactions. Mr. Press serves on several boards of directors, including Metals USA, Inc., Noranda Aluminum, Inc., Oceania Cruise Holdings, Inc. and Quality Distribution, Inc. From 1987 to 1989, Mr. Press was a consultant with The Boston Consulting Group.

Organization Position Status
Apollo Management L.P. Partner Current
Noranda Aluminum, Inc Director of Noranda Holdco and Noranda Acquisitionco Current
Quality Distribution, Inc. Director of Qdi Current
Prestige Cruise Holdings Board of Directors Current
Harrah's Entertainment, Inc. Board of Directors Current
Innkeepers USA Trust Board of Directors Current
Verso Paper Holdings LLC Board of Directors Current
Metals USA, Inc. Director Current
Noranda Aluminum Holding Corporation Board of Directors Current
Noranda Aluminum, Inc Board of Directors Current
Affinion Group Director Current
Metals USA Holdings Corp. Board of Directors Current
Quality Distribution, Inc. Board of Directors Current
Apollo Management L.P. Officer Former
Wachtell, Lipton, Rosen & Katz Associate Former
Harvard College A.B. In Economics Former
Yale Law School A.B. In Economics Former

John J. Suydam: Vice President and Chief Legal Officer of Apollo Investment Corporation (the “Corporation”). Mr. Suydam joined the Corporation in 2006. From 2002 to 2006, Mr. Suydam was a partner at O’Melveny & Myers, where he served as head of Mergers & Acquisitions and co-head of the Corporate Department. Prior to that, Mr. Suydam served as Chairman of the law firm O’Sullivan, LLP, which specialized in representing private equity investors. Mr. Suydam serves on the boards of directors of the Big Apple Circus and Quality Distribution. Mr. Suydam received his JD from New York University and graduated magna cum laude with a BA in History from the State University of New York at Albany.

Organization Position Status
Apollo Investment Corp. Chief Legal Officer & Vice President Current
Big Apple Circus Ltd. Partner, O'Melveny & Myers Llp Current
Quality Distribution, Inc. Director of Qdi Current
Big Apple Circus Ltd. Board of Directors Current
Apollo Investment Corp. Board of Directors Current
Quality Distribution, Inc. Board of Directors Current
Big Apple Circus Ltd. Legal and Administrative Officer, Apollo Management Former
New York University J.D. Former

Organization Position Status
Apollo Management L.P. President Current
Noranda Aluminum, Inc Director of Noranda Holdco Current
Quality Distribution, Inc. Director of Qdi Current
EdgeStone Capital Partners Inc. Current
Momentive Performance Materials Inc. Chairman Current
Hexion Specialty Chemicals, Inc. Chairman Former
RPP Capital Corporation Board of Directors Current
Metals USA, Inc. Director Current
UAP Holding Corp. Director Current
Ceva Logistics Director Current
United Agri Products, Inc. Director Former
Pacer International Inc. Board of Directors Former
Metals USA Holdings Corp. Board of Directors Current
Noranda, Inc. Board of Directors Current
Berry Plastics Corporation Director Current
Apollo Management L.P. Co-Founder Former
Noranda Aluminum Holding Corporation Director Former
Furniture Brands International Inc. Board of Directors Former
Resolution Specialty Materials LLC Director Former
Hexion Speciality Chemical Inc Board of Directors Former
General Nutrition Centers, Inc. Director Former
Hexion Specilaty Chemical Inc Board of Directors Former
Alliance Imaging, Inc. Board of Directors Former
Nalco Co. Board of Directors Former
Wharton Graduate School of the University of Pennsylvania B.S. Degree Former
Council on Foreign Relations member Former
Drexel Burnham Lambert Inc. member Former
Verso Paper Holdings LLC Director Current
Hexion Specialty Chemicals, Inc. Board of Directors Current

Marc E. Becker has been a director of Affinion since October 17, 2005. From October 17, 2005 to December 20, 2006 he served as the Chairman of the Board of Directors of Affinion. Mr. Becker is a partner of Apollo Management, L.P. He has been employed with Apollo Management, L.P. since 1996 and has served as an officer of certain affiliates of Apollo since 1999. Prior to that time, Mr. Becker was employed by Smith Barney Inc. within its Investment Banking division. Mr. Becker serves on several boards of directors, including Countrywide plc., Metals USA, Inc., Quality Distribution, Inc., Realogy Corporation and SourceCorp Incorporated.

Organization Position Status
Apollo Management L.P. Partner Current
Quality Distribution, Inc. Director of Qdi Current
United Agri Products, Inc. Current
Realogy Corporation Chairman Current
Metals USA Holdings Corp. Board of Directors Current
Countrywide plc Board of Directors Current
Metals USA, Inc. Board of Directors Current
Quality Distribution, Inc. Board of Directors Current
UAP Holding Corp. Board of Directors Current
Affinion Group Board of Directors Current
SOURCECORP, Inc. Board of Directors Current
Realogy Corporation Board of Directors Former

Richard B. Marchese has been a director of Quality Distribution since January 2004. Mr. Marchese served as Quality Distribution's interim Chief Financial Officer from September through November, 2004. Mr. Marchese served as Vice President Finance, Chief Financial Officer and Treasurer of Georgia Gulf Corporation from 1989 until his retirement at the end of 2003. Prior to 1989, Mr. Marchese served as the Controller of Georgia Gulf Corporation and prior to that as the Controller of the Resins Division of Georgia Pacific Corporation. Mr. Marchese is a director of Nalco Holding Company and BlueLinx Holdings, Inc.

Organization Position Status
Quality Distribution, Inc. Director of Qdi Current
BlueLinx Holdings Inc. Board of Directors Current
Nalco Co. Director Current
Metalworking Fluids Director Current
Nalco Holding Company Director Current
Georgia Gulf Corporation Chief Financial Officer Former
Georgia Gulf Corporation Vice President Finance Former
Georgia-Pacific Corporation Controller Former
The Pacific Corporation Controller Former
XCEL Corp. Controller Former
Georgia Gulf Corporation Controller Former
Metalworking Fluids Member Former
Nalfleet Chairman Former
XCEL Corp. Treasurer Former
Georgia Gulf Corporation Treasurer Former
Fairleigh Dickinson University B.S. In Accounting Former

Organization Position Status
Quality Distribution, Inc. Director of Qdi Current
Quality Distribution, Inc. Board of Directors Current

Organization Position Status
Quality Distribution, Inc. Director of Qdi Current
Taylor-Wharton Gas Equipment Director Current
Reeb Millwork Corporation Director Current
Quality Distribution, Inc. Board of Directors Current

Organization Position Status
Quality Distribution, Inc. Director of Qdi Current
Apollo Management L.P. Operating Executive Current
Florist Transworld Delivery, Inc. Current
Landauer, Inc. Chairman Current
Quality Distribution, Inc. Chairman Current
Ftd Group, Inc. Board of Directors Current
Hilex Poly Co., LLC Board of Directors Current
Landauer, Inc. Board of Directors Current
Hub Group, Inc. Chief Financial Officer Former
Hub Group, Inc. Senior Vice President Former
Quality Distribution, Inc. Board of Directors Former
Purdue University Master's Degree In Business Administration Former
Western Michigan University Bachelor's Degree In Accountancy Former
Ftd Group, Inc. member Former
Landauer, Inc. member Former

Organization Position Status
United Agri Products, Inc. Director of United Agri Products, Inc. Current
Quality Distribution, Inc. Director of Qdi Current
Quality Distribution, Inc. Board of Directors Current
Noranda Aluminum, Inc Board of Directors Current
Noranda Aluminum Holding Corporation Director Current
OM Group, Inc. Board of Directors Current
UAP Holding Corp. Director Current
Titan Technology Partners Chief Financial Officer Former
OM Group, Inc. Chief Financial Officer Former
Invacare Corporation Chief Financial Officer Former
Invacare Corporation General Counsel Former
Titan Technology Partners Director Former

Organization Position Status
Metals USA Holdings Corp. Board of Directors Current
Quality Distribution, Inc. Director Current

Organization Position Status
Apollo Management L.P. Partner Current
Quality Distribution, Inc. Director Current

Michael D. Weiner. Mr. Weiner has served as one of our directors since April 2006. Mr. Weiner was nominated for election by Apollo. Since September 2006, Mr. Weiner has served as Chief Legal Officer and General Counsel of Ares Management, Inc., a private investment management firm. From 1992 until August 2006, Mr. Weiner served as the General Counsel of Apollo Management, L.P. Before joining Apollo in 1992, Mr. Weiner was a partner with Morgan, Lewis & Bockius, specializing in securities law, public and private financings, and corporate and commercial transactions. Mr. Weiner is also a director of Hughes Communications, Inc., SkyTerra Communications, Inc., and Goodman Global Holdings, Inc.

Organization Position Status
Ares Management LLC Chief Legal Officer Current
Apollo Investment Corp. Vice President and Secretary Current
Hughes Direcpc Current
Educate, Inc. Board of Directors Current
Apollo Investment Corp. Secretary Current
Skyterra Communications, Inc. Director Current
Quality Distribution, Inc. Board of Directors Current
Hughes Communications, Inc. Board of Directors Current
AREA Property Partners Former
Direcway Board of Directors Former
University of Santa Clara J.D. Degree Former
University of California, Berkeley B.S. Degree In Business and Finance Former

Organization Position Status
Affinion Group Board Member Current
Quality Distribution, Inc. Board Member Current
Metals USA, Inc. Director Current
Metals USA Holdings Corp. Director Current
Wachtell, Lipton, Rosen & Katz Former
Yale Law School Graduate Former
Yale Law School Ab In Economics, and Former
Harvard College Ab In Economics Former

Organization Position Status
Quality Distribution, Inc. Board of Directors Current
     QLTY $3.76 -0.09 (-2.34% )
Average Volume 37,907
Shares Outstanding 19.65M
Market Cap 73.9M
Year High 4.51
Year Low 1.25
Earnings Per Share -8.90
P/E Ratio -0.42
Dividend N/A
Yield N/A
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