OnTrac CEO Duffy leaves for UK pest control company

Core Insights - OnTrac CEO Mike Duffy is leaving to become the CEO of Rentokil Initial PLC, a pest control company based in the U.K. [1] - Mike Brown, currently the CFO of OnTrac, has been promoted to succeed Duffy, effective February 1 [2][3] - The leadership change comes after OnTrac reported record parcel volumes, attributed to customer growth and network expansion [5] Company Overview - OnTrac is positioning itself as the largest alternative carrier to FedEx and UPS, with a unified network that reaches over 75% of U.S. online shoppers [5] - The company operates in 35 states and the District of Columbia, utilizing a hub-and-spoke network with over 7,000 independent contractors for same-day and next-day deliveries [5] - OnTrac has 102 delivery locations and 18 sort centers, and is in the process of establishing a coast-to-coast network [5][6] Strategic Developments - The company is set to roll out a two-to-three day Express delivery product in partnership with ClearJet, which aims to be cheaper than traditional express air and faster than transcontinental ground transportation [6] - The leadership transition is characterized as a planned move, although such transitions are typically announced well in advance [2]