Discusses Truckload Industry Fundamentals INTE
Post# of 1873
Posted On: 08/13/2015 2:07:13 PM
Discusses Truckload Industry Fundamentals [Market News Publishing (US)]
INTEGRATED FREIGHT CORP
INTEGRATED FREIGHT CORP ("IFCR-L"
- Discusses Truckload Industry Fundamentals
Integrated Freight Corporation , a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, today offered investors its insights into how it plans to adapt and prosper in the ever-changing truckload transportation landscape.
David N. Fuselier, CEO of Integrated Freight, stated, "We believe that the current truckload industry environment is substantially improving since the recession and that IFCR is well-positioned to take advantage. According to industry publications, June was clearly the best month of 2015 in terms of rising cargo demand, prices and margins. Although labor prices have risen sharply for the general truckload sector, this added cost for truckers has been offset by much lower fuel expense through most of 2015 relative to the previous four years' fuel prices. As a result, we know the stage is set for the truckload sector to perform extremely well over the foreseeable future."
"According to Journal of Commerce, truckload industry capacity is up 7.4% year-over-year and is finally back above its 2007 pre-recession peak," stated Hank Hoffman, IFCR's president. "However, operating results at many of the large general truckload carriers are down substantially due to the large driver pay increases taken to attract capacity."
Fuselier continued, "As a niche market motor carrier, IFCR is very well-positioned to take advantage of the current market conditions. Our niche business demand remains very strong at each subsidiary. Moreover, because our driver capacity turnover has historically been far better than the industry average, we have not been subject to the same dramatic rise in labor rates. We expect to experience organic revenue growth, as well as margin expansion, at each of the Company's existing subsidiaries and look forward to new acquisition growth opportunities, as well."
Management again reiterated its anticipated FY2015 revenues of at least $24,000,000, a nearly 19% increase over the prior period, with positive EBITDA and increasing net equity.
INTEGRATED FREIGHT CORP
INTEGRATED FREIGHT CORP ("IFCR-L"
- Discusses Truckload Industry Fundamentals Integrated Freight Corporation , a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, today offered investors its insights into how it plans to adapt and prosper in the ever-changing truckload transportation landscape.
David N. Fuselier, CEO of Integrated Freight, stated, "We believe that the current truckload industry environment is substantially improving since the recession and that IFCR is well-positioned to take advantage. According to industry publications, June was clearly the best month of 2015 in terms of rising cargo demand, prices and margins. Although labor prices have risen sharply for the general truckload sector, this added cost for truckers has been offset by much lower fuel expense through most of 2015 relative to the previous four years' fuel prices. As a result, we know the stage is set for the truckload sector to perform extremely well over the foreseeable future."
"According to Journal of Commerce, truckload industry capacity is up 7.4% year-over-year and is finally back above its 2007 pre-recession peak," stated Hank Hoffman, IFCR's president. "However, operating results at many of the large general truckload carriers are down substantially due to the large driver pay increases taken to attract capacity."
Fuselier continued, "As a niche market motor carrier, IFCR is very well-positioned to take advantage of the current market conditions. Our niche business demand remains very strong at each subsidiary. Moreover, because our driver capacity turnover has historically been far better than the industry average, we have not been subject to the same dramatic rise in labor rates. We expect to experience organic revenue growth, as well as margin expansion, at each of the Company's existing subsidiaries and look forward to new acquisition growth opportunities, as well."
Management again reiterated its anticipated FY2015 revenues of at least $24,000,000, a nearly 19% increase over the prior period, with positive EBITDA and increasing net equity.
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