Wednesday, November 02, 2011 11:56:27 AM
LONDON, UNITED KINGDOM--(Marketwire - Nov. 1, 2011) - PTS, Inc. (PINK SHEETS:PTSH) (www.ptspi.com) and Navistar Logistics (UK) Ltd. http://www.navistar.co.uk/ are of the opinion that the following release is of a material nature and warrants attention by the company followers. PTSH subsidiary Navistar Logistics has signed an agreement with a (possibly ranked as) # 1 pallet distribution company in the UK and Europe. This relationship (code share) will enable the company to provide door-to-door timed delivery and pickup capability for their clients across UK and Europe; thus to compete with the largest logistics providers in UK and in continental Europe.
This pallet distributor is a member-owned distribution company with some 300 trucking companies and approximately 3000 vehicles strategically located across the UK and Europe. Operating from a flagship distribution hub which, standing at an impressive 400,000 sq ft, is one of the biggest centres of its kind in Europe.
The agreement provides Navistar Logistics with total control and scalable options for all clients across the UK and eurozone, enabling the company to increase the reliability of its services with state of the art track-and-trace and booking systems. With this agreement, the company expects to increase sales and business capabilities, and give Navistar the control and credibility to directly compete with the largest transport companies.
Company CEO, John O'Brien stated, "This pallet-specific business has increased to over £80,000 per month for Navistar, (Approximately $120,000 USD) and increases at a rate of more than 20% per month without increasing our cost base. The pallet distributor handles some 15,000 pallets per night from the central hub, which is based 5 miles from Navistar's Birmingham and West Bromwich operations. This allows us quick, easy and scalable distribution options for all Navistar's pre-10 am, next day, and economy services.
"We are dramatically increasing our load factors on our own transport, and now we can cover any demand our clients have and ensure reliable delivery to meet customers' requirements, without having to refuse business due to the lack of trucks available from our own fleet. This agreement will allow us to grow faster while increasing the service quality and gaining more credibility in logistics market without a massive investment."
PTS, Inc. management intends to provide more updates to its followers promptly and on a timely basis.
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