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
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