SOUTHBURY, CT--(Marketwired - Apr 1, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), in a follow up to its restructuring process, describes how its new growth strategy will enable it to continue its emergence as a significant and profitable niche national truckload carrier.
David N. Fuselier, Integrated Freight's CEO said, "There are several large motor carriers successfully built by consolidating multiple carriers. Integrated Freight's strategy is no different except that we are focused upon acquiring defensible, niche carriers rather than size. Our target acquisitions typically have very loyal, long-term customers with special service requirements. These requirements often include key driver qualifications and training, specialized equipment or other highly customized client services. While providing such services is often a painstaking process, we feel strongly that it's at the heart of these valuable niche businesses. We have identified two such carriers generating $12,000,000 per year that fit our model well and expect to add them to our fleet during the second quarter 2015."
IFCR's President and COO, Hank Hoffman, stated that, "Integrated Freight is committed to growing its business based upon great service and expertise. Like other rollup carriers, we expect to generate economies of scale by centralizing some purchasing and back office functions. However, our primary mission is to support the front line carriers and their niche customer service efforts."
Previously, Integrated Freight announced that it would acquire a $4,000,000 niche carrier in New England prior to the end of its fiscal year end, or March 2015. Due to the extreme weather conditions this winter this acquisition was delayed until first fiscal quarter 2015.
About Integrated Freight Corporation
Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.