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PRESS RELEASE
IFCR Scores Huge Fuel Economy Improvements
Published: Sept 3, 2015 11:01 a.m. ET
0
Reports Profitability and Environmental Benefits
DANBURY, CT, Sep 03, 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 reported fuel cost performance improvements totaling over 8.3% through the last three years.
David N. Fuselier, CEO of Integrated Freight, stated, "Even with the oil price reductions of the last several months, fuel continues to be the second highest operating cost behind driver wages for any trucking company, including ours. Since the beginning of this company's turnaround effort, our operating subsidiaries have done a remarkable job in not only bringing direct fuel costs under control but also making very substantial financial gains through both conservation and administration." Fuselier continued, "Over the course of the last three years, our operations team has achieved savings of over $2.7 million or nearly 5% of revenue."
"Fuel conservation and environmental responsibility are important issues for our industry," said Hank Hoffman, IFCR president and COO. "The Integrated Freight operating companies achieved gains in each of these areas through a combination of new fuel administration practices, a focus on driver miles per gallon, and the addition of new fuel-efficient, low-emission trucks into the fleet. Fuel management has been a cornerstone for this company's profitability and its turnaround."
Over the last three years, Integrated Freight's fuel cost has improved from 33.6% of revenue to 25.3% in its most recent full fiscal year.
About Integrated Freight Corporation
PRESS RELEASE
IFCR Scores Huge Fuel Economy Improvements
Published: Sept 3, 2015 11:01 a.m. ET
0
Reports Profitability and Environmental Benefits
DANBURY, CT, Sep 03, 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 reported fuel cost performance improvements totaling over 8.3% through the last three years.
David N. Fuselier, CEO of Integrated Freight, stated, "Even with the oil price reductions of the last several months, fuel continues to be the second highest operating cost behind driver wages for any trucking company, including ours. Since the beginning of this company's turnaround effort, our operating subsidiaries have done a remarkable job in not only bringing direct fuel costs under control but also making very substantial financial gains through both conservation and administration." Fuselier continued, "Over the course of the last three years, our operations team has achieved savings of over $2.7 million or nearly 5% of revenue."
"Fuel conservation and environmental responsibility are important issues for our industry," said Hank Hoffman, IFCR president and COO. "The Integrated Freight operating companies achieved gains in each of these areas through a combination of new fuel administration practices, a focus on driver miles per gallon, and the addition of new fuel-efficient, low-emission trucks into the fleet. Fuel management has been a cornerstone for this company's profitability and its turnaround."
Over the last three years, Integrated Freight's fuel cost has improved from 33.6% of revenue to 25.3% in its most recent full fiscal year.
About Integrated Freight Corporation
