Just a heads up...The domestic trucking fleet? It consists of 5 trucks. Mike Alexander said on the live interview on MN1.com on June 21st that he started with 2 trucks and worked up to 4 then 6 but hopes to make it ten soon. From reading info on the web that has come from Fronthaul / Loadsource / Furia themselves, they had several hundred in their fleet. They also talk about 2 major contracts and intermodal services (by rail), so how did they go from over 280 leased trucks (see below) down to 2, then 4 & 6 (per M. Alexander's own admission on MN1.com)? The questions are: (1) how many times has Fronthaul serviced their 2 major contracts; and (2) how many times have they used their intermodal services; and (3) how much money have they paid out based on their referral system boasted to have 4000+ members? And one major question is where did all the money go that has already been invested in Fronthaul if the fleet is so small and the employees consist of 5 people (according to one of Furia's statements). On their SEC filings, they show the majority is consulting fees. Hmmm..... See statements below from Furia's statements. (Also, Furia filed bankruptcy before joining with Fronthaul. Interesting....)Remember Fronthaul Group was previously Loadsource & Furia.....
"Logistics. Loadsource is a motor carrier. Loadsource moves its contracted
shipper's loads with leased trucks and trailers driven by drivers hired by
Loadsource. More than 280 trucks and 420+ trailers are part of Loadsource's
leased fleet. Furia's contracted shippers include Coors Brewing Company and
Swift & Company (approximately 80% of total sales revenue). This component of
Furia interfaces seamlessly with Fronthaul as the drivers are recruited from the
Fronthaul database, and Fronthaul's load matching service facilitates the
probability that the Loadsource trucks are full on their return trips.
Intermodal. Furia is engaged in providing Intermodal transportation services to
its customers, a Freight Forwarder business. For example Furia utilizes
Intermodal services to move freight from the Coors brewery to the rail, by rail
to the destination city, and the local distributor. As no driver or tractor is
needed to move these loads, Intermodal services are cost effective. Intermodal
services also access air and ship cargo to meet the specific needs of our
clients."
AI
