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Concord, N.C. -- February 28, 2001 -- Cardinal Logistics Management
Inc. (Cardinal), a leading provider of integrated transportation
solutions, today announced that it
has moved from general asset-based transportation services to a
streamlined operation with a focus on two core offerings: dedicated
delivery and logistics management. The transition, which began
with the sale last year of the company's van and flatbed divisions,
reflects a natural evolution towards value-added services that
make the most of Cardinal's expertise, innovation and customer
focus. Backed by nearly $15 million in additional funding over
the last six months from Golder, Thoma, Cressey and Rauner Inc.
(GTCR), Cardinal's financial partners, the company will deliver
unparalleled service in these core areas.
According to Vin McLoughlin, CEO of Cardinal, "Our goal for
2001 is to focus our efforts on those areas where we bring the
greatest value to our customers and, by extension, where we see
the greatest growth opportunities. To do so, we have reorganized
to concentrate on those operations that have accounted for all
of our strong growth over the past three years."
While the trucking industry is expected to grow by 3 percent annually
between 2000 to 2008, according to Deutsche Banc Alex. Brown analyst
John Barnes; projections for the dedicated delivery and logistics
market are on the order of 15-20 percent, according to Dick Armstrong,
president of Armstrong & Associates, a logistics management
consulting firm specializing in outsourcing projects. "This
is a smart move by Cardinal. The decision to refocus its efforts
on the dedicated delivery and logistics management services speaks
directly to the significant marketplace opportunities," said
Armstrong.
Cardinal has built a strong reputation as a trusted partner and
employs the most professional drivers in the business. These unique
attributes position the company well to continue its excellent
recent growth in these areas. Specifically, Cardinal will work
with customers to streamline their logistics operations and improve
their bottom line through the following services:
- Dedicated Delivery
- Turn-key Transportation Systems
- Private Fleet Replacement
- Existing Fleet Supplements
- Specialized Delivery Services to Home/Office
- Logistics Management
- Carrier, Information and Claims Management
- Mode Analysis, Consolidation and Optimization
- Order Visibility
- Consulting Services
Cardinal will also enhance its logistics management services by
offering a web-native transportation management system through
its affiliate Clicklogistics. The system, called Clicklogistics
Online™, will allow Cardinal project managers to offer
a comprehensive mix of logistics management services to meet
the needs of their clients.
"Cardinal's focus is more defined, but what has made us unique
in the marketplace remains: expertise, trust, innovation and a
commitment to our customers," said McLoughlin.
About Cardinal Logistics Management Inc. (Cardinal)
Cardinal is an integrated transportation solutions provider that
uses dedicated shipping resources, extensive industry expertise
and advanced technology to help companies optimize their supply
and demand chains. Cardinal's logistics experts work directly
with clients to develop and implement innovative solutions that
turn their logistics operations from liabilities into strategic
advantages. Cardinal customers include Fortune 50 companies within
the retail, manufacturing and pulp and paper industries. The
company is headquartered in Concord, N.C. For more information
about Cardinal, visit us at www.cardlog.com.
Anthony Flynn
Director - Marketing
Cardinal Logistics Management Corporation
1000 Old Roswell Lakes Parkway, Suite
300
Roswell, GA 30076
678-612-2447
aflynn@cardlog.com
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