IFCR. news starting to filter in. PRESS RELEASE
Post# of 1873
Posted On: 09/03/2015 1:13:48 PM
IFCR. news starting to filter in.
PRESS RELEASE
IFCR Increases Capacity Nearly Twenty Percent
Published: Sept 1, 2015 10:26 a.m. ET
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Company Profits by Taking Advantage of Market Trends
DANBURY, CT, Sep 01, 2015 (Marketwired via COMTEX) -- Integrated Freight Corporation (otc pink:IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, today announced a nearly 20% increase in its driver capacity base since its last fiscal year end.
David N. Fuselier, CEO of Integrated Freight, stated, "Recently we released information discussing the success of our turnaround efforts. More important, our team is taking advantage of trends in the industry to further improve our profitability. Our driver base has increased significantly this year while the trucking industry is suffering through a worsening shortage of qualified truck drivers. In addition, our driver retention rate is far better than industry average because of our diversified freight base, high utilization rate, and home time policies. Simply put, drivers are the key to our business success and our ability to attract and retain drivers is evidenced in this increase in capacity."
"According to Journal of Commerce and The American Trucking Associations, trucking demand is expected to grow nearly 29% over the next eleven years," stated Hank Hoffman, IFCR president. "In an environment of high demand, lower fuel costs, and worsening overall driver shortage, we will exploit IFCR's inherent niche business advantages to grow our driver base and, as a result, our profitability."
Management noted that its increase in driver capacity re-affirms the Company's stated strategic plan.
PRESS RELEASE
IFCR Increases Capacity Nearly Twenty Percent
Published: Sept 1, 2015 10:26 a.m. ET
0
Company Profits by Taking Advantage of Market Trends
DANBURY, CT, Sep 01, 2015 (Marketwired via COMTEX) -- Integrated Freight Corporation (otc pink:IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, today announced a nearly 20% increase in its driver capacity base since its last fiscal year end.
David N. Fuselier, CEO of Integrated Freight, stated, "Recently we released information discussing the success of our turnaround efforts. More important, our team is taking advantage of trends in the industry to further improve our profitability. Our driver base has increased significantly this year while the trucking industry is suffering through a worsening shortage of qualified truck drivers. In addition, our driver retention rate is far better than industry average because of our diversified freight base, high utilization rate, and home time policies. Simply put, drivers are the key to our business success and our ability to attract and retain drivers is evidenced in this increase in capacity."
"According to Journal of Commerce and The American Trucking Associations, trucking demand is expected to grow nearly 29% over the next eleven years," stated Hank Hoffman, IFCR president. "In an environment of high demand, lower fuel costs, and worsening overall driver shortage, we will exploit IFCR's inherent niche business advantages to grow our driver base and, as a result, our profitability."
Management noted that its increase in driver capacity re-affirms the Company's stated strategic plan.
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