Chk out this up & coming freight logistics company – they are expecting $25 million in new contracts this year:
OVERLAND PARK, KS -(Marketwire - 03/14/11) – myFreightWorld Technologies Inc. (MYFT) announced today that it expects its managed revenue business to increase by approximately $25 Million based on recent contract additions. The Company projects total managed revenues for 2011 at $60 Million.
The Company said that it expects the largest percentage of this growth to come from its fee-based, "non contract" business. MYFT CEO J. Michael Head commented, "Within the 3PL industry, very few companies offer what we do, a means to significantly scale up your 3PL transportation business without incurring the costs. With customers like Schneider National and other top-tier Fortune 500 clients, we are successfully implementing a business model that creates much higher profit margins and can save our customers thousands of dollars in software installs and maintenance fees."
MYFT provides transportation solutions to over 100 private labels and serves 8 of the top 50 largest 3PLs (third-party logistics managers) in North America. Contract awards include a previously announced vendor agreement with Schneider National, a global leader in truckload, logistics, and intermodal services.