-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HGI1nQc38xsaEPulnFxz36q6/juZQK9a0umALCoGZPpZ+KFNP/hjS7hf6rFY63FZ S71WErnk46jJJWDwcvDHsw== 0000950152-97-004725.txt : 19970626 0000950152-97-004725.hdr.sgml : 19970626 ACCESSION NUMBER: 0000950152-97-004725 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970624 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970625 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALIBER SYSTEM INC CENTRAL INDEX KEY: 0000701708 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 341365496 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11573 FILM NUMBER: 97629598 BUSINESS ADDRESS: STREET 1: 3925 EMBASSY PARKWAY STREET 2: P O BOX 5459 CITY: AKRON STATE: OH ZIP: 44334-0459 BUSINESS PHONE: 2163848184 MAIL ADDRESS: STREET 1: 3925 EMBASSY PARKWAY STREET 2: P O BOX 5459 CITY: AKRON STATE: OH ZIP: 44334-0459 FORMER COMPANY: FORMER CONFORMED NAME: ROADWAY SERVICES INC DATE OF NAME CHANGE: 19920703 8-K 1 CALIBER SYSTEM, INC. FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K C U R R E N T R E P O R T Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 24, 1997 ------------------------------- CALIBER SYSTEM, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Ohio 0-10716 34-1365496 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 3925 Embassy Parkway, Akron, Ohio 44333 --------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (330) 665-5646 --------------------- 2 Caliber System, Inc. Form 8-K INFORMATION REQUIRED IN REPORT Item 5. Other Events - --------------------- The Registrant's news release dated June 24, 1997, a copy of which is attached hereto as Exhibit 99, is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits - --------------------------------------------------------------------------- (c) Exhibits. 99 Caliber System, Inc. News Release dated June 24, 1997. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized. CALIBER SYSTEM, INC. ---------------------------- REGISTRANT Date: June 25, 1997 By: /s/ Joseph C. Weinstein ---------------------------- ------------------------- Joseph C. Weinstein Deputy General Counsel 3 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99 Caliber System, Inc. News Release dated June 24, 1997. EX-99 2 EXHIBIT 99 1 Caliber System, Inc. 3925 Embassy Parkway Investor Contact: Investor Relations P.O. Box 5459 (330) 665-8814 Akron, OH 44334-0459 (330) 665-5659 http//www.calibersys.com Media Contact: Dave Edmonds (330) 665-8847 FOR IMMEDIATE RELEASE JUNE 24, 1997 CALIBER SYSTEM EXPECTS IMPROVED EARNINGS FOR SECOND QUARTER ANTICIPATES DOUBLE-DIGIT GROWTH TO CONTINUE AT RPS IN 1997 AND MODEST SECOND QUARTER PROFIT FROM ON-GOING VIKING OPERATIONS AKRON, OHIO - Caliber System, Inc. (NYSE: CBB) said today that the Company expects to post significantly increased year-over-year operating profits for the second quarter of 1997 which ended on June 21. The announcement was made to a group of industry analysts during a conference scheduled for today at the Pittsburgh, PA headquarter of RPS, Caliber's small-package carrier. Second quarter revenue and profits at RPS are expected to increase approximately 12% over 1996 figures, as on-time service continues to run at record levels. "We have experienced double-digit growth at RPS now for seven months, and believe this trend should continue through 1997," said Daniel J. Sullivan, Caliber's Chairman, President and CEO. Sullivan added, "Viking expects to report a profitable second quarter, excluding approximately $16 million of transition costs attributable to operating losses at the former Central Freight Lines and other non-recurring costs related to the Viking restructuring announced on March 27, 1997." Louis J. Valerio, Senior Vice President-Finance and Chief Financial Officer, stated: "The Viking restructuring is having a positive impact on Caliber's balance sheet. Early indications are that the $85 million restructuring charge included in first quarter results will be less than anticipated. Further, proceeds from the sale of the former Central Freight Lines, as well as revenue equipment and surplus terminals from the former Coles Express and Spartan Express, are expected to reduce Caliber's debt by approximately $70 million from its current level of $315 million." Valerio also commented that Caliber expects capital spending to be under $135 million for 1997. -MORE- 2 CALIBER SYSTEM, INC. PAGE 2 OF 2 At the analysts meeting, RPS presented an overview of the technology that sets the company apart in the small-package shipping industry. The presentation reviewed the RPS delivery process, which includes the industry's only fully automated hub network, and demonstrated solution-based products and services, such as MULTICODE(SM), the firm's new two-dimensional bar code system. Visiting analysts also took part in hands-on demonstrations of RPS Internet services, such as on-line tracing and service maps, and the RPS MULTISHIP(SM) parcel processing equipment. Caliber System is a leading provider of value-added transportation, logistics and related information services. Its operating companies include RPS, a business-to-business small-package carrier; Viking Freight, a supplier of regional freight service in the West; Caliber Logistics,a contract logistics provider; Roberts Express, a critical-shipment carrier; and Caliber Technology, a producer of systemwide information services. By combining its operating units' products and services, Caliber offers integrated, customized solutions that meet customer demand for more comprehensive transportation and logistics programs. This release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by the Company with the Securities and Exchange Commission, including Forms 8-K, 10-Q and 10-K. Caliber expects to release its second quarter earnings report during the week of July 14, 1997. -###- -----END PRIVACY-ENHANCED MESSAGE-----