New Century Transportation names new CEO

New Century Transportation Inc. named trucking industry veteran Terrence M. Gilbert as CEO, succeeding the company's founder, Harry Muhlschlegel.

Gilbert, 55, spent much of his career at Akron, Ohio-based Roadway Express Inc. where he was named president in 2007.

Muhlschlegel, 65, who founded Westampton-based New Century in July 2000, is retiring from operations but will remain on the board as vice chairman.

Muhlschlegel had previously founded Jevic Transportation Inc., another South Jersey trucking firm, that was bought by Yellow Corp. in 1999.

Jefferies Capital Partners, a private-equity firm, bought a controlling stake in New Century, which employs about 1,500 people, in June 2006.

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