CD&L to Expand Logistics Services
08 Mars 2006 - 2:17PM
PR Newswire (US)
Provide 'Single Source Solution' Nationwide SOUTH HACKENSACK, N.J.,
March 8 /PRNewswire-FirstCall/ -- CD&L, Inc. (AMEX:CDV), the
leading national provider of customized same-day courier,
distribution and logistics services, announced plans to expand the
scope of CD&L Logistics, the company's 3PL based services.
CD&L Logistics competes for a share of the estimated $80
billion dollar domestic logistics market, which includes the
outsourcing of supply chain management, fleet replacement and last
mile delivery. In making the announcement, Group President Michael
Brooks stated "Today's demand for single-source providers has lead
more and more companies to include outsourced logistic services as
part of their core business model. Our Logistics group is in the
unique position to offer customers a 'seamless delivery system'
combining CD&L operations with 3PL resources under one
umbrella." Mr. Brooks announced that Stuart Hyden has been assigned
to lead CD&L Logistics as Vice President, Logistics. Chairman
and CEO Al Van Ness added; "Our Logistics Group will capitalize on
CD&L's experience, industry knowledge and proven track-record
to become a significant provider to companies that choose to
outsource their transportation needs. Our customers have told us
they want one provider that can meet all of their supply-chain
needs across the country, and CD&L Logistics provides just what
our customers need." The company has developed a fully integrated,
web-based technology platform that provides logistics customers
full visibility into their shipments from on-line order entry, to
track-and-trace capabilities, to detailed management reports. Over
the past three months the company has also added additional
Business Development Managers to sell its logistics services.
CD&L operates from 98 locations in 25 states, including
operations in 28 customer owned facilities, providing last mile
delivery solutions to various industries. The company has over
1,500 employees and utilizes approximately 2,900 independent
contract drivers to provide time-sensitive delivery services to
thousands of customers across the country. Certain statements in
this release may be "forward-looking statements" within the meaning
of Section 27A of the Securities and Exchange Act of 1933.
Statements regarding future developments are based on current
expectations and involve certain risks and uncertainties that could
cause actual results and developments to differ materially from the
forward-looking statements. Certain of such risks and uncertainties
are more fully described in the company's filing with the SEC,
including the risk factors in its form 10K for the year ended
December 31, 2004. DATASOURCE: CD&L, Inc. CONTACT: Russell
Reardon, CFO, +1-201-487-7740; or Stuart Hyden, VP Logistics,
+1-954-447-5000, both for CD&L, Inc.
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