Having 3 warehouses in NYC. 3rd party opportunists could include AMAZON storing their freight at these facilities. TLSS could generate revenue & Job profit through storage, loading & trucking services in that major metropolitan area. Just think of the volume!
Volume comes via JFK & LaGuardia Airports. Multiple Ocean Freight ports in NYC & New Jersey.
3rd Parties can also, include what are known in the logistics industry as "NVO's" (Non Vessel Operators) They are the middle man, in Air & Ocean Freight.
An NVO buys space or “slots” from a container ship operators and sells them often to shippers & freight forwarders whose freight is less than a full container load (LCL). In essence, either through their own consolidation services or a third party, the NVO provides to the supply chain the important service of making full boxes from smaller loads.
They also prepare, cargo for Air freight and load Air freight.
NVO's need warehouses to operate, store cargo, load containers, have a shipping & receiving for Full & light truck loads. Or FTL & LTL trucking loads.
TLSS could rent out a warehouse to one of these NVO's & generate revenue that way. This is just NYC we are talking here.
The Company’s expansion into new markets in Florida, Georgia, Ohio and Tennessee during the Fall of 2019.
Working in the logistics industry, knowing how Domestic, Exports & imports work. All I see is nothing but continual opportunity & growth. Watching TLSS's expansions, acquisitions, increased revenues. Decreasing Liabilities. Cutting cost without affecting operations. I know without a doubt we have a winner here!
Looking forward to next week. "No Good Luck to you" needed with TLSS.
one-stop shopping through our last-mile, mid-mile and line-haul capabilities which we believe is a very attractive portfolio offering to new potential customers; three (3) warehouse facilities located squarely in the middle of the most densely populated portion of the country in the New York metropolitan area. This affords TLSS with significant warehousing and third-party logistics opportunities, especially since, as delivery speeds increase, distribution is moving closer and closer to the end user; and,a hybrid employment structure which affords TLSS the ability to scale rapidly during seasonal spikes in volume, without incurring excessive costs commonly associated with a short-term ramp up. The Company accomplishes this by strategically utilizing employed drivers to fulfill our daily commitments and independent contractors to flex up and back down during seasonal spikes in volume.”
The Company’s final financial results for the first quarter ended March 31, 2020 are expected to be announced in mid-May 2020 and will be filed in its quarterly 10Q filing with the SEC.
Success is a journey, not a destination..
