$BTGI: PHENOMENAL BUSINESS OUTLOOK
a. Two possible acquistions. One is in the trucking business and another one is in product sale but synergisitic to the transportation sector. BTGI is looking at an acquisition right now that is fairly serious. Hopefully, they will issue a letter of intent soon.
b. Exapnding Big Red Transport from 27 trucks currently to 45 trucks and from 45 trailers to 60 trailers. The Synergistic acquisition of Big Red move Big Red from a revenue of 6 million dollars to a 12 million dollar range, without doing anything and acquiring new custormers. Big Red has already 70 customers on top of what BT TWISS bring them for their light load operation between New Jersey, New York, Boston and Chicago. BT TWISS can off load their shipment to Big Red in the northeast for distribution. The less than load (LTL) buisness is a money making machine.
c. "In discussion with Penske on leasing a fair amount of trucks and trailers to cope with the increase in customer base. You can't increase customer base without having more trucks and trailers to deliver the goods in a timely manner." Penske will take care of the maintenance of these trucks so BTGI can focus on their core business. That way, they don't have to stock maintenance inventory and Penske would hire their maintenace crew. Penske had a total revenue of 5.6 billion dollars in 2016, with 26000 employees.
