Followers | 3818 |
Posts | 240615 |
Boards Moderated | 0 |
Alias Born | 07/30/2007 |
Thursday, May 07, 2020 11:03:48 AM
While PrimeEFS itself is a significant asset, TLSS is unique by controlling an additional set of intrinsic assets. First, unlike competing companies, TLSS is an asset-based carrier that employs its staff through W-2 engagement. In other words, they do not use independent contractors to facilitate company functions. Second, TLSS only uses equipment that is owned or leased by the company, with maintenance being done in-house. Third, because TLSS manages its
fleet and staff, the company may be in a significantly better position than its competition to manage safety, reliability, and overall company
performance.
Perhaps most relevant to the asset-based structure is that as the market
continues to develop, e-commerce companies are trending toward, and even
mandating, that their transportation service partners be asset-based. Thus, TLSS may be ahead of the curve when it comes to procuring and expanding new and current client relationships.
And, while TLSS is expected to report strong 2019 numbers, the company remains focused on creating higher shareholder value by seizing real-time opportunities to expand its services by scaling into metro markets that are currently outside of their geographical footprint. Moreover, strategic acquisitions, like the one announced with GRC Trucking, can bring additional diversified opportunities by opening new geographic markets that can leverage the experience and assets of the company to a broader client base. Notably, TLSS has suggested that there is an ample pool of quality logistics companies nationwide that can be accretive to the company quickly expanding routes and client connections.
At the end of the day, however, it's pleasing the client that will lead to sustainable growth. TLSS appears to have that consideration covered.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/52800
(c) Copyright Newsfile Corp. 2020
https://www.bloomberg.com/press-releases/2020-02-26/transportation-and-logistics-systems-inc-is-accelerating-its-growth-with-planned-acquisition-of-grc-trucking-inc-deal-expa
Recent TLSS News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:05:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:00:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 02:00:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 02:00:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:01:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:16:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 01:00:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/21/2023 01:00:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 01:00:42 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/06/2023 04:15:06 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 08/24/2023 03:37:38 PM
- Shares Pop Following Logistics and Transportation Expansion into New England • AllPennyStocks.com • 08/22/2023 03:30:00 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 08/16/2023 03:24:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 09:00:24 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 08/03/2023 08:05:11 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 08/02/2023 08:15:29 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM