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Pinksheets info on ODLG
http://www.pinksheets.com/quote/company_profile.jsp?symbol=ODLG
PR today:
Markdowns and Allowances Application Developed by Order Logistics Profiled in Journal of Trading Partner Practices
10:00a ET April 11, 2007 (Market Wire)
Order Logistics, Inc. (www.orderlogistics.com) (PINKSHEETS: ODLG) developed a collaborative application to manage markdowns and allowances for Kellwood Corporation and has been featured in an article profiling Kellwood's successful implementation of the system. The article, "Kellwood Facilitates Allowance Activity via Automation," is featured in the Journal of Trading Partner Practices (JTPP). JTPP is a publication focused on best practices in Supply Chain Compliance, Trade Promotion and Deduction Management and is sponsored by the Trade Promotion Management Association, Vendor Compliance Federation and the Retail Compliance Council.
Kellwood struggled with manual paper driven processes for managing markdowns and allowances made more complicated by requirements from Sarbanes-Oxley and multiple divisions responsible for numerous brands. The article chronicles one of the leaders in the apparel industry, Kellwood, in the successful implementation of a new application developed by eBridge to automate and manage this once cumbersome process.
Utilized throughout the Claims group, the sales force and divisional financial executive the system provides real-time visibility into the markdowns and allowances happenings across all of Kellwood's customers.
"Order Logistics is proud to provide a solution through our SupplierBridge suite of products that has helped a leading company such as Kellwood Company stay successful in such a changing world. It is a relationship we value and strive to provide to all our current and future clients," stated Paul McCreary, EVP, Business Solutions. For more information on iPQA visit http://www.ebridge.ws.
About Kellwood
Kellwood Company (NYSE), headquarters in St. Louis, Missouri, is a leading marketer of apparel and consumer soft goods. Our brands are designed to meet and exceed our consumer's needs and expectations. Specializing in branded products, the Company markets to all channels of distribution with products and brands tailored to the specific channel.
About Order Logistics
ORDER LOGISTICS, Inc. is helping great companies discover, manage and execute their most effective global supply chain strategies.
The Order Logistics' team, technology, solutions, and dedicated transportation resources allow organizations to have world-class visibility, information and controls without disrupting existing plans, processes, partnerships, and information systems. By leveraging technology, business solutions, operational expertise, and a centralized capacity network of transportation providers to take advantage of logistical opportunities, Order Logistics provides end-to-end solutions for its customers. This allows each customer to gain control over their unique distribution network and utilize their existing information systems to their full capacity.
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
News:
Update: Order Logistics Global Quality Software, iPQA, Featured in Logistics Profile on Liz Claiborne
12:28p ET April 2, 2007 (Market Wire)
Order Logistics (PINKSHEETS: ODLG) iPQA software for managing product quality across a global supply chain has been featured in an article profiling Liz Claiborne's successful logistics implementation. The article, "Liz Claiborne's Logistics Homerun," is featured in Apparel Magazine.
The article chronicles one of the leaders in the apparel industry, Liz Claiborne, with revenues of $4.8 billion. Logistics managers within Liz have an enormous and complex problem to deal with, how to successfully and efficiently source goods from over 3,000 factories and 35 countries, keeping distribution and labor costs under control, while ensuring high product quality. The article goes on to discuss the best-of-breed applications that have been implemented for the various areas of the supply chain, including Logistics, Wholesale Distribution, Financial and Quality Assurance.
"Order Logistics is proud to offer one of the solutions that has helped a leading company such as Liz Claiborne stay successful in such a changing world. It is a relationship we value and strive to provide to all our current and future clients," stated Paul McCreary, EVP of Business Solutions for Order Logistics. For more information on iPQA visit: http://www.ebridgesolutions.com/NeweBridgeSite.nsf/sb_ipqa?openform
About Liz Claiborne
Liz Claiborne Inc. designs and markets an extensive range of branded women's and men's apparel, accessories and fragrance products. Our diverse portfolio of quality brands -- available domestically and internationally via wholesale and direct-to-consumer channels -- consistently meets the widest range of consumers' fashion needs, from classic to contemporary, active to relaxed and denim to street wear. The Company also has the exclusive license to produce jewelry under the Kenneth Cole New York and Reaction Kenneth Cole brand names. For more information on Liz Claiborne visit: (http://www.apparelmag.com/articles/june/june06_7.shtml).
About Order Logistics
ORDER LOGISTICS, Inc. is helping great companies discover, manage and execute their most effective global supply chain strategies.
The Order Logistics' team, technology, solutions, and dedicated transportation resources allow organizations to have world-class visibility, information and controls without disrupting existing plans, processes, partnerships, and information systems. By leveraging technology, business solutions, operational expertise, and a centralized capacity network of transportation providers to take advantage of logistical opportunities, Order Logistics provides end-to-end solutions for its customers. This allows each customer to gain control over their unique distribution network and utilize their existing information systems to their full capacity.
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors. The forward-looking statements contained in this news release represent judgments of the management of Order Logistics as of the date of this release. Order Logistics and its managers and agents undertake no obligation to publicly update any forward-looking statements.
I like the company but I think they are working through some internal issues. I would love to know why it jumped .06 in two trading days. Hopefully someone knows that this company is about to get on track again.
I have been in this for many months. Some news would be nice.
Anyone know why this stock moved so rapidly over the last 3 trading days?
Some latest news for longees:http://www.news-gazette.com/news/local/2007/02/18/future_of_trucking_company_in_limbo
thats very nice,.. so why is this "pink"?
are you guys all insideres? this is illegal if so you know. Joining iHub with these names and pumping this stock as your first post with no other posts. seems like an attempt at an orchestrated pump in dump. Regardless it would be nice to get the hell out of this pos stock
BIGLOGISTIC
iamthebest
stevenuc
truckerguy
I had these guys give me a presentation in my office. They know their stuff and have great vision for the supply chain. It is hard reading the cr.p that others are posting based on emotion and little fact. The technology presented is cutting edge, easy to use web based approach. I like it very much. The knowledge that McCreary and Griffin brough to the meeting was impressive. Good looking solid customer base with many Fortune 200 customers. This stock is a steal!
This is good stuff, someone finaly speaks the truth about Griffin and his boys. LOL LOL LOL LOL What comes around goes around, I am Giddy !!!!!!!!!!!!!!!!!!!!
What do you base any of your information on? From the research I have conducted..nothing much exists on OL prior to January... can't find too much on JAT either...but ebridge company from what google shows has a lot of 'real' results
Rich Francis CEO is playing ball with a man like Griffin ? Everything I have read about Francis sounds like he's a respectable guy. What the hell is he doing with Griffin ? I hope he's not the one funding Griffin, or hes into a real suprise. Looks like Griffin is not a big fan of the ncaa, Man I love google @!!!!!!!!!!!!!
Order Logistics Announces Record Revenues and Gross Profit for First 4 Months of 2006
Order Logistics, Inc., (PINKSHEETS: ODLG) (www.orderlogistics.com) announced that it achieved a gross profit of $1,163,946 on revenues of $5,246,104 during the first four months of 2006. In addition, total assets were $12,309,131 and total liabilities were $8,582,140 with stockholders equity of $3,726,991 as of 4/30/06.
"We are very excited about our progress during 2006 thus far," stated Brian Griffin, President of Order Logistics. "Our Solve (IT)2 platform is fully functional with several customers and our suite of solutions are expanding to all areas of the supply chain. As we welcome the addition of the eBridge Solutions (www.ebridgesolutions.com) software and customers to our technology suites during the second half of 2006, the combined capabilities complete a full supply chain technology solution. Our company provides a real departure from the traditional product driven solutions market as we differentiate ourselves as a 3rd Party Solutions Provider or "3PS."
Related newsOrder Logistics Acquires eBridge SolutionsOrder Logistics Signs 5-Year Contract With Premier Resources InternationalOrder Logistics Signs Letter of Intent to Acquire eBridge Solutions
Order Logistics' Solve(IT)2 technology platform and solutions empower companies to manage the entire supply chain from their desktop all the way from procurement of raw materials, load optimization, carrier selection, load tender, shipment tacking, payment and a comprehensive supply chain data repository. This web-based platform helps companies view the supply chain as a whole with the goal of reducing the overall cost of that enterprise.
About Order Logistics
ORDER LOGISTICS, Inc. is helping great companies discover, manage and execute their most effective global supply chain strategies.
The Order Logistics' team, technology, solutions, and dedicated transportation resources allow organizations to have world-class visibility, information and controls without disrupting existing plans, processes, partnerships, and information systems. By leveraging technology, business solutions, operational expertise, and a centralized capacity network of transportation providers to take advantage of logistical opportunities, Order Logistics provides end-to-end solutions for its customers. This allows each customer to gain control over their unique distribution network and utilize their existing information systems to their full capacity.
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors. The forward-looking statements contained in this news release represent judgments of the management of Order Logistics as of the date of this release. Order Logistics and its managers and agents undertake no obligation to publicly update any forward-looking statements.
CONTACT: Investor Relations
Lynx Consulting Group, Inc.
(866) 500-8985
Justin@lynxir.com
Copyright 2006 Market Wire
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Gross profit !! Cant wait to see what to see what they report for quarter end. LOL LOL LOL LOL !!!!!
Address:
2710 S. Boulder Drive, Suite D
Urbana, IL 61802
Phone: 217-328-0453
Fax: 217-328-0459
Email:
Contactus@orderlogistics.com
| SITEMAP | CONTACT
Steve unless you have money to burn and want to take a hudge risk buy all the stock you want. You have better odds playing the Lottery. This managment team will all be behind bars when this is all over. They Have no idea what they are getting themselves in too. It looks to me like they are trying to merge with all these other companies. Look at the financial's Order Logistics is bringing nothing to the table, it is all J.A.T. Order Logistics is just sucking it dry so Griffin still looks like a big shot. I feel bad for any company that has merged with ODLG, They have basicaly given up there company for ODLG stock which will never get anywhere !!!!!!!!!!!!!!!!
Interested in the direction, given the recent acquisitions...trucking becoming technology?
I'm thinking about buying some of this stock, the dilution you are talking about, what does it mean when the spread between the bid and ask means? please advise...much appreciative -steve
what was your advise going to be?....please elucidate...
they could have had their stock trading at $10.00 by now. I tried to advise them what to do but they wouldnt even return phone calls. They have proven to have no shareholder regard, a lack of knowledge of how public securities work and a disposition to not just dilute but to do it at any cost. They obviously intended to have this stock trading down here or would not have allowed placements whose sellers would destroy the market value of this stock - probably hugely undervalued placements of .05 a share or something ridiculous like that and the sharestructure is now stupid when they had such a chance to make themselves and shareholders money.
Im still holding a chunk and hope it keeps drooping to get a decent avg. down and it appears that this dropping more is more then posssible.
Outstanding Shares: 60,000,000 as of 2006-01-31
Estimated Market Cap: Not Available
Authorized Shares: 100,000,000 as of 2006-01-31
Float: 10,050,000 as of 2006-01-31
Why asre you posting all the good news releases and then your negative opinion. Give these guys a chance.
Dilutative POS. Man these people are worthless. I hope this stock goes .0001 and never looks back.
Good managment team or not this guys are all POS's with no shareholder regard. I am stuck in some but exited most some at a loss.
Dont care if it goes up in the future or not. They
1.) Have no idea how to manage a public company
2.) Are indiscrimintly diluting
3.) Have no respect whatsover for shareholders and will not return calls or emails
I absoltely hate ODLG at this point.
Wednesday, March 01, 2006 11:25 ET
Weston, FLA. March 1, 2006 --(KNOBIAS)— Wall Street News Alert's "stocks to watch" this morning are: Order Logistics, Inc. (OTC: ODLG), Affymetrix, Inc. (NASDAQ: AFFX), General Motors Corp. (NYSE: GM), Ford Motor Company (NYSE: F), and Nextel Partners, Inc. (NASDAQ: NXTP).
Once again, Order Logistics, Inc. (OTC: ODLG) may have the attention of investors as the markets begin trading this morning. Yesterday after the stock markets closed, the company issued a press release announcing JAT Transportation’s ("JAT") financial results for January 2006. JAT was acquired by Order Logistics on December 31, 2005 and is headquartered in Champaign, IL. JAT operates a centralized operations center for truckload shipments throughout the country.
This most recent news should give investors more to think about! The financial results for JAT during the month ended January 31, 2006: Total revenues for the month were $1,180,730. JAT is currently running at an annual revenue rate of $14,000,000, and the company foresees this to continue and/or increase in the future. According to the company, their Transportation division intends to make additional acquisitions, similar to JAT.
"We are encouraged by our record revenue growth and increased earnings as we continued to execute our operating model focused on productivity, growth and profitability in 2006," commented JAT Transportation's General Manager, Sam McDonald.
“We are pleased with JAT's growth and performance in January 2006. Order Logistics will continue to search for these types of strategic acquisitions that will enhance our supply-chain solutions offering to the domestic transportation and global logistics marketplace. Our goal is to operate each of our supply-chain companies independently and effectively, while selling our overall solutions and services collectively," stated Brian Griffin, President of Order Logistics, Inc.
Continue to watch this one closely! The company has been releasing a lot of news lately. On Monday the company announced that it has been engaged by Premier Resources International (PRI) to provide a “Global Sourcing Solution” that will enable their clients to have complete visibility to their global sourcing operations, all the way back to the factory floor in China. PRI also manages Chinese government involvement at all factory levels.
Order Logistics Announces Its Business Plan
Business Wire - February 24, 2006 08:50
URBANA, Ill., Feb 24, 2006 (BUSINESS WIRE) -- Order Logistics, Inc. (ODLG.PK) today disclosed the details of its corporate business plan for delivery of supply chain solutions to customers worldwide. Order Logistics (www.orderlogistics.com), was founded in 2005 and is now helping great companies discover, manage and execute effective global supply chain strategies.
Order Logistics' solutions help clients improve their customer service, decrease transportation costs, reduce inventory, minimize risk of failed delivery, improve visibility and control, and enable optimized decision support. Our collaborative logistics solutions provide clients with the knowledge and infrastructure needed to effectively compete in today's emerging marketplace. We leverage our technology, business solutions, operational expertise, and a centralized capacity network of transportation providers to take advantage of logistical opportunities and provide end-to-end solutions for our customers. This allows each customer to gain control over their unique distribution network and utilize their existing information systems to their full capacity.
Order Logistics is focused on bringing a unique technology solution, Solve (IT)2, to clients allowing an organization to obtain complete visibility throughout their supply chain without disrupting the value of their existing network. Order Logistics' business solutions team works with our customers to ensure that customers find the right integration process and supply chain solutions based on their specific business rules in the following areas:
-- Process improvement and benchmarking
-- Transportation and network optimization
-- Outsourced logistics and order management
Built on state-of-the-art architecture and technology, Order Logistics harnesses the power of the Internet, facilitating communication between business partners using open Internet standards. Linking inter-related business processes between disparate business partners, Order Logistics facilitates a seamless workflow. To support those offerings it is our plan to acquire the ancillary services necessary to be able to fulfill the complete supply chain needs of our customers. Toward that end we intend on adding warehousing facilities, trucking components, and all other operations necessary to be a complete logistical partner to our customers.
Brian Griffin, President of Order Logistics, Inc. stated "Now a public company, we are more visible to our potential global clients and are excited about attracting the capital needed to deliver our unique technology solutions."
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, the potential for additional customer growth from acquired operations and additional opportunities for growth. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives, and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Order Logistics, Inc.
SOURCE: Order Logistics, Inc.
Order Logistics, Inc.
Will Scott, 217-328-0453
Contactus@orderlogistics.com
Copyright Business Wire 2006
Order Logistics Acquires JAT Transportation & GT Logistics
Order Logistics, Inc. (ODLG) has completed the acquisition of JAT Transportation and GT Logistics. ORDER LOGISTICS, Inc., “ORDER LOGISTICS” (www.orderlogistics.com), was founded in 2005 and has begun implementing its plans for helping great companies discover, manage and execute their most effective global supply chain strategies. Headquartered in Champaign, IL, JAT Transportation ("JAT") operates a centralized operations center for truckload shipments. Our fleet of company-owned tractors, well-maintained trailers, and trained and experienced drivers makes it possible for JAT to set the standard in terms of safe, fast, reliable service to ensure that our customers' business operates effectively in today's just-in-time environment.
As shippers search for ways to reduce inventories and lower their "total landed" costs, more of them are going to dedicated services contracts with carriers to ensure capacity, on-time service and ensure that all of their service location requirements are achieved. JAT's dedicated operations offers 24 hours per day, 7 day per week customer service coverage for those customers that have unique requirements. This truckload carrier instead focuses on short- to medium-haul trips, averaging about 550 miles. JAT carries everything from inbound supplies for plant locations, to consumer goods, paper products, and finished manufactured goods. In addition to utilizing the supply-chain solutions provided via Order Logistics, Inc. with JAT’s existing customer base, JAT also offers shippers a wide range of customized global transportation, logistics and supply chain management capacity solutions via Global Transport ("GT Logistics"). Our relationships with specialized, LTL, truckload, rail, ocean, and air cargo carriers provide more solutions and greater flexibility in delivering products in the global sourcing environment. That means our logistics professionals are free to evaluate our individual customer’s needs, especially service and cost expectations, and provide the best solution options to help you meet their transportation objectives.
“We are pleased to add JAT and GT Logistics to our value-added proposition in the marketplace. With the addition of these entities, Order Logistics delivers just the right mix of proprietary technology, data management, supply chain solutions and transportation services. The information about the contents of a shipment and piece-level details are as important as the load itself. Real-time information helps our customers effectively manage supply and demand in the global marketplace.” stated Brian Griffin, President of Order Logistics, Inc.
Former executives continue to build business
Monday , January 30, 2006 12:48 ET
By Don Dodson
Jan 28, 2006 (The News-Gazette - Knight Ridder/Tribune Business News via COMTEX) -- CHAMPAIGN -- Three former Roberson Transportation executives continue to build their new logistics business, with the addition of a Champaign-based trucking company.
Urbana-based Order Logistics acquired JAT Transportation, a trucking company based in the former Southland distribution facility, on Dec. 31, said Paul McCreary, executive vice president of Order Logistics.
"We wanted to do that because we feel that transportation assets are important to our customers," McCreary said. "It blends in with what we're trying to do with Order Logistics."
McCreary and two former Roberson Transportation colleagues Brian Griffin and Brian Malec founded Order Logistics last year after Mahomet-based Roberson sold off its flatbed, van and logistics businesses to out-of-state companies.
The new company helps businesses handle the movement of products and inventory.
Until recently, Order Logistics highlighted the transportation management and software solutions side of its business. Now it's also playing up transportation services provided through JAT.
According to the Order Logistics Web site, JAT Transportation operates a centralized operations center for truckload shipments throughout the Northeast, Southeast, Midwest and Southwest.
The company, a wholly owned subsidiary of Order Logistics, concentrates on "medium-haul" trips, averaging about 560 miles.
"JAT carries everything from inbound supplies for plant locations to consumer goods, paper products and finished manufactured goods," the Web site said.
Sam McDonald, general manager and a partner in JAT Transportation, said JAT has about 110 drivers both employees and owner-operators and revenues of about $18 million a year.
"We're an over-the-road trucking company. We service vans and flatbeds," said McDonald, a former Roberson Transportation employee.
McDonald said the company hired about 50 former drivers, and two office workers, from Rantoul-based S&S Transportation before S&S which also did business as Shields Transportation filed for Chapter 7 bankruptcy in October.
In an earlier incarnation, JAT was known as Jim Anderson Trucking of Illinois and was based in Newman. Griffin said he became a partner in the business in July, and the company moved to Champaign that month. Later it began doing business under the JAT Transportation name.
McDonald said the transition for S&S drivers went smoothly.
"We converted (the drivers) from Shields to Jim Anderson at the same pay and benefit package," McDonald said. "We tried to make it as transparent as we could."
Griffin said the former Southland distribution center at 2309 W. Bloomington Road proved ideal for the operation.
"It is a great location for drivers, contractors and day-to-day operations for JAT's customers," he said via e-mail.
McCreary said the addition of S&S trucks and employees made sense for JAT.
"It makes it a much larger company," he said. "It's still a regional organization. It was a good move for all the employees and certainly the drivers."
McDonald said JAT continues to operate S&S Transportation's maintenance shop on the former Chanute Air Force Base.
"We kept all the shop personnel," he said.
William Goldstein, who served as an attorney for S&S, said Jim Anderson Trucking of Illinois approached S&S last summer to see whether there was any interest in merging the two companies. Phil Shields, the president of S&S, decided against it.
However, "a number of drivers and a number of the customers were interested in continuing in the trucking business and keeping their transportation local, as compared to regional or somewhere else," Goldstein said.
"Drivers were given the opportunity to interview to go to work for Jim Anderson Trucking."
To see more of The News-Gazette, or to subscribe to the newspaper, go to
http://www.news-gazette.com.
Copyright (c) 2006, The News-Gazette, Champaign-Urbana, Ill.
with the limited public liquidty and the assumption that capital through either benefit from the 3 division sales of Roberson or through placement that this is a great a forward split candidate if not a feel that at some point it sees a sharp rise in vlaue regardless
A man like Griffin doesnt help build a company with 45 million revenues and directly after "fall of the map" -- JMO
Okay last piece of Due Diligence tonight:
Looks like the CTO plays golf: Brian Malec. Handicap: 18. Chicago, Illinois. Height: 5'11". Weight: 265. Hand: Left. -- man I love google.
They could take this down on an immediate need to raise capital but with the payout that someone like Griffin made on the Roberson Division sales I think capital is fairly secure and Griffin appears to be a logistics guru .. I am sure capital will not be hard to come by.
Beside the small float this is not generally my type of play and I would not recommend it to anybody who doesnt have large um ah bundles of joy.
This is a speculative play in nature based on management, past perfomance and what appears be a small outstanding shares and definetly a very small float ... I could lose some cash and again only a moran buys on a spread like this ... with that said I will probably look to add next week.
Historic Volume:
DATE OPEN HIGH LOW CLOSE VOLUME
12/31/96 25.000 --- --- 25.000 0
12/31/97 25.000 425.000 75.000 93.750 35,391
12/31/98 106.250 165.625 21.875 37.500 56,958
12/31/99 37.500 139.500 25.000 56.250 52,102
12/29/00 56.250 210.000 2.500 2.500 56,775
12/31/01 2.500 20.000 0.100 0.100 9,678
12/31/02 0.100 0.200 0.010 0.010 4,249
12/31/03 0.010 0.500 0.010 0.100 2,907
12/31/04 0.100 0.100 0.010 0.010 4,989
12/30/05 0.010 1.000 0.020 0.150 9,424
Total 227,484 shares (adjusted as post RS) that have ever traded
*** Wonder how to interupt that as to how many are in the float ... my guess would be that the shares above exchanged hands at the lowest of 4 times and the highest of 10. So taking the lowest it'd be like 57,000 in the total float but the exact fiquire is speculation as I have not tracked down the transfer agent yet.
Order Logistics Announces Logistics Information System General Release
Expected to significantly improve supply chain execution between suppliers, shippers and carriers.
URBANA,IL (PRWEB) December 9, 2005 -- Order Logistics, Inc., a leading provider of real-time, supply chain solutions, has announced general availability of the Logistics Information System, a collaborative supply chain gateway and execution tool for mid sized manufacturing and distribution companies. The web based Logistics Information System is an easy to deploy and easy to use execution tool that provides a communication gateway to all company supply chain partners. Brian Griffin, President of Order Logistics reports “that the mid market has been clamoring for affordable and easy to use supply chain execution tools to help them reduce operating costs, improve productivity and customer service to help them compete globally or against major competitors domestically. We have listened to the needs of this market and have found this segment in need of an affordable and flexible execution tool to collaborate with existing ERP systems or integrate with their supply chain partner’s systems within their supply chain environment.”
The Logistics Information System facilitates the collaboration of orders, order confirmations and resulting shipments between suppliers, manufacturers, distributors and carriers. “What is different about our product is that we truly start with the order detail first”, says Paul McCreary, EVP of Business Solutions. “There are many high end execution tools that begin with the shipment detail and work down to order detail. Our approach has been to start with the order release and roll up into shipments. This feature truly puts supply chain visibility at the lowest possible level. If we can track the order level detail, tracking the shipment detail is easy, with enriched data.”
Comments Brian Malec, Chief Information Officer “the license and maintenance costs of logistics systems have increased past the functional ability of the mid market user. Given the competitive environment of most industries and our pledge to always provide the best value and rapid ROI to our customers, we built a base platform to about 70% of common supply chain functionality. The remaining 30% is customer specific customization that offers increased customer specificity and lower cost of implementation. Furthermore, by providing a single tool across our suite of supply chain solutions, our customers will have improved cross-functional visibility and information on which to make decisions.”
With embedded features that include on line order release, on line order confirmation, order aggregation, load building, load tender, freight payment, vendor payment and robust track and trace capabilities that place all shipment visibility on a single web portal, the Logistics Information System truly integrates supply chain visibility, cost data and information.
Customers have already benefited from deploying the Logistics Information System. A major manufacturer of lawn and garden equipment recently committed to deploying the Logistics Information System to facilitate their lean manufacturing initiative. A disciplined supplier release and visibility to parts in transit was a key to their success. The Logistics Information System is transforming its culture into an “e-culture,” creating a Web-enabled desktop supply chain infrastructure that will allow all users to view and share real time data.
For more information, press only:
Paul McCreary,
217-328-0455;
For more information:
http://www.orderlogistics.com
Roberson CX is Purchased by CLDN
http://biz.yahoo.com/e/050208/cldn10-q.html
CELADON GROUP INC (NasdaqNM:CLDN) Delayed quote data -- $28.67 last
On January 14, 2005 we signed and closed an asset purchase agreement with PFT Roberson, Inc. and its subsidiary CX Roberson, Inc. (together, "Roberson"). Pursuant to the asset purchase agreement, our wholly-owned subsidiary Celadon Trucking Services, Inc. acquired the truckload van business, including approximately 370 tractors and 670 trailers, of Roberson, a Champaign, Illinois-based carrier, for $22.7 million in cash, subject to certain post-closing adjustments. The acquisition was financed with borrowing under our existing credit facility. The transaction did not include Roberson's flatbed division or related assets.
In calendar 2004, Roberson's truckload van operations generated approximately $45.0 million in revenue, according to their unaudited financial statements. Following the equipment dispositions and freight evaluation process outlined above, we anticipate that this acquisition will initially produce approximately $30.0 million in incremental annual revenue and will be accretive to earnings by our fourth fiscal quarter ending June 30, 2005. These projections assume that we retain 200 of the acquired tractors and at least that many drivers, continuing strong demand from Roberson's former customers, that we are able to dispose of unwanted acquired equipment at expected prices, and smooth integration of the acquired operations."
Check out CLDN financials before and after the Roberson Inc. acquisition:
"The Highway Express and CX Roberson acquisitions were particularly important to us, and we believe they have contributed to our recent operating improvements." -- From most recent CLDN 10q
Below is a press release when Roberson Transportation Companies selling there divisions: Roberson PFT flatbed truckin division and Worldwide Logistics Solutions division to Annet Holdings and Celadon Group acquired Roberson's CX dry van division. CEO, Brian Griffin is quoted
Roberson selling its divisions
By DON DODSON
© 2005 THE NEWS-GAZETTE
Published Online January 15, 2005
MAHOMET – A family-owned trucking company that has been a mainstay of East Central Illinois for more than half a century is selling its operations, resulting in the loss of 19 jobs.
Roberson Transportation Companies, based in Mahomet, announced Friday that Annett Holdings Inc. of Des Moines, Iowa, has acquired Roberson's PFT flatbed trucking division and Worldwide Logistics Solutions division. Annett Holdings is the nation's largest privately held flatbed carrier.
In a separate transaction, Indianapolis-based Celadon Group acquired Roberson's CX dry van division.
Roberson Transportation President Brian Griffin said the 98 people who work for the PFT and Worldwide Logistics Solutions divisions in Mahomet will be retained by Annett. "All those functions will continue to operate here," he said.
The 13 employees who work for the CX division will be retained by Celadon for now, but they may be offered positions in Indianapolis over the next 60 to 90 days, he said. Those not offered positions may end up being hired by Annett in Mahomet, he added.
However, 19 other employees who worked in administrative functions for PFT and CX were told Friday afternoon they weren't needed and would not be retained, Griffin said.
A joint statement from Roberson and Annett Holdings said Griffin would continue as president of Worldwide Logistics Solutions at the Mahomet office.
Roberson Transportation has been a major employer in Mahomet since 1997. In July, company officials said Roberson employed 163. Additionally, the company had about 1,150 drivers, with about 330 of those owner-operators and the remainder company drivers.
Roberson's customers include such major firms as Deere & Company, Trane, Carrier Corp., Ingersoll Rand, York International and Caterpillar, Griffin said.
The company traces its origins to 1946, when Pre-Fab Transit was established by Stanley Albert and Roy Roberson. Initially, they transported prefabricated houses, then extended the business to hauling building materials, such as ceiling tiles.
Roy's son, Roger Roberson, bought half the company in 1975 and the rest of it in 1981, then formed a holding company the same year.
For its first half-century, Roberson Transportation was based in Farmer City, but in 1995, Roger Roberson announced he was moving the headquarters to Mahomet. The new office opened in March 1997, southeast of the Prairieview Road interchange with Interstate 74.
Last year brought shakeups for the company. On June 28, former Roadway Services executive Doug Wilson was hired as the company's chairman and chief executive officer. Roger Roberson, the company's majority shareholder, became vice chairman. His son-in-law, Brian Griffin, continued as president.
Wilson's hiring came just weeks after the company cut 31 nondriving jobs, citing insufficient revenue to justify them. At the time, Griffin said the trucking industry was dealing with increased fuel costs and new hours-of-service regulations for drivers.
Commenting on the sale Friday, Griffin said the timing seemed right for a sale.
"(Annett Holdings President ) Tim Annett and I had talked several years ago about this opportunity, and since then, this marketplace has seen significant consolidation," Griffin said. "About 14,000 carriers have either been acquired or gone out of business the last three years."
Griffin said high fuel costs, insurance premium increases, driver pay increases, more expensive equipment and, until recently, a slow economy combined to strap the industry.
Wilson, who will not be joining either Annett or Celadon, said he did not expect Roberson Transportation to be sold when he joined the company as chairman last July.
"Given the circumstances that exist right now, it's best for everyone," Wilson said Friday. "It's better for the people and the customers that the company was sold."
Attempts to reach Roger Roberson for comment Friday were not successful.
Annett Holdings, founded in 1972, has several divisions, including Des Moines-based TMC Transportation, which hauls freight through the eastern two-thirds of the United States.
Other Annett divisions include: Fortune Xpress, an owner-operator company that hauls through 48 states; KTL Transportation, a Joplin, Mo.-based flatbed carrier that hauls through the Central, Midwestern and Southern United States; and Yellowstone Trucking, based in Coeur d'Alene, Idaho.
Harrold Annett is chairman and chief executive officer of Annett Holdings, and his son, Tim Annett, is president and chief operating officer. Griffin called them "wonderful people who have vision and a commitment to excellence in the marketplace."
Celadon Group, based in Indianapolis, is one of the top 10 truckload carriers in North America, according to the company's Web site. Celadon bills itself as the largest transporter of truckload freight between the United States, Canada and Mexico, operating more than 2,500 tractors and 7,100 trailers.
Celadon was formed in 1985 and today has more than 2,500 employees. Its Canadian operation is known as Celadon Canada, and its Mexican operation is called Jaguar.
For the fiscal year that ended June 30, 2004, Celadon Group had a net loss of $300,000 on revenue of $397.9 million. The net loss resulted in part from a $6.9 million "impairment" charge related to used trailers.
Celadon spokesman Craig Koven said company President Tom Glaser was not making immediate comment. Koven said Glaser indicated the deal had not closed yet and no decisions had been made regarding CX employees.
You can reach News-Gazette staff writer Don Dodson at (217) 351-5227 or via e-mail at dodson@news-gazette.com.
added ODLG on a HUGE spread .15x1.00 ... IMO only a Moran would buy a spread like that. :) I avg'd up my position to about .88 a share I believe.
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