OrderPro Logistics to buy Profitable Freight Hauler

31 May '08

2 min read

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

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