Home / Knowledge / News / OrderPro Logistics to buy Profitable Freight Hauler
OrderPro Logistics to buy Profitable Freight Hauler
31
May '08
OrderPro Logistics Inc announced that it has entered into a non-binding Letter of Intent with an established West Coast trucking entity. This company is headquartered in the Los Angeles area and has been in operation for over 14 years.

This profitable carrier posts annual revenues of approximately $2,500,000 with its core shipping lanes in and around the southwest region of the United States. The company currently has a fleet of 10 tractors and 25 trailers, and is running loads at full capacity.

This acquisition candidate specializes in the apparel industry, and is primarily transporting freight along routes between California and Texas. OrderPro will continue with the due diligence process and inform investors as progress is made.

Jeffrey Smuda, CEO of OrderPro Logistics, states, "OrderPro is moving rapidly with this second acquisition candidate. Once closed, the Company will immediately pursue a strategy for rapid business expansion into International shipping, storage and delivery from the Far East; a long standing power lane for garments and apparel.

The combination of this strategy, coupled with this California trucking entity and our recently announced LOI in March of 2008 can provide OrderPro Logistics with a solid base of revenue and profit, spread across multiple factions within the Supply Chain Management discipline.

This will provide diversity, yet opportunities to exploit economies of scale and cross business relationships that can be created through our roll-up strategy."

OrderPro Logistics Inc

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search