Probably the lamest news ever
IFCR Increases Capacity Nearly Twenty Percent
Company Profits by Taking Advantage of Market Trends
DANBURY, CT -- (Marketwired) -- 09/01/15 -- Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, today announced a nearly 20% increase in its driver capacity base since its last fiscal year end.
David N. Fuselier, CEO of Integrated Freight, stated, "Recently we released information discussing the success of our turnaround efforts. More important, our team is taking advantage of trends in the industry to further improve our profitability. Our driver base has increased significantly this year while the trucking industry is suffering through a worsening shortage of qualified truck drivers. In addition, our driver retention rate is far better than industry average because of our diversified freight base, high utilization rate, and home time policies. Simply put, drivers are the key to our business success and our ability to attract and retain drivers is evidenced in this increase in capacity."
"According to Journal of Commerce and The American Trucking Associations, trucking demand is expected to grow nearly 29% over the next eleven years," stated Hank Hoffman, IFCR president. "In an environment of high demand, lower fuel costs, and worsening overall driver shortage, we will exploit IFCR's inherent niche business advantages to grow our driver base and, as a result, our profitability."
Management noted that its increase in driver capacity re-affirms the Company's stated strategic plan.
About Integrated Freight Corporation Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.
Contact:
Hank Hoffman
President and COO
Integrated Freight Corporation
417-434-1782
David Fuselier
CEO
Integrated Freight Corporation
203-628-7142
Source: Integrated Freight Corporation
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