CONCORD, N.C., April 15 /PRNewswire/ -- In a move designed to better
differentiate its company name and solidify their brand in the logistics
market, the Board of Cardinal Freight Carriers, Inc. a North Carolina
Corporation, on Thursday, April 7, 2005 filed paperwork with the North
Carolina Office of the Secretary of State to formally change the name of the
company from Cardinal Freight Carriers to Cardinal Logistics Management
Corporation or (CLMC).
According to Vin McLoughlin, Cardinal's Chairman of the Board, the
decision was based on streamlining efficiencies for the third-party logistics
firm, which has evolved from a small truckload company to one of the logistics
industry's most trusted and respected integrated logistics and transportation
companies in the business. As Cardinal has evolved through the years so has
their core business focus, officials say.
"Cardinal is an unquestioned leader in the dedicated delivery and
transportation business and we plan to continue delivering a high return on
investment for our customers," explained McLoughlin. "Several years ago we
exited the truck load carrier business completely and now felt it was a
necessary and important step to officially change our company name to more
accurately reflect our current line of operations."
From its start in 1997 with the purchase of North Carolina-based truckload
common carrier Cardinal Freight Carriers, Cardinal Logistics Management
Corporation has continued to experience explosive demand for its dedicated and
delivery product lines. Dedicated and delivery services soon set the company
apart from other third-party logistics firms as Cardinal streamlined their
operations to a natural evolution in jobsite and "last-mile" delivery that
built on Cardinal's expertise, innovation and intent focus on customer
satisfaction. In January 2001, Cardinal executives recognized the success of
their core service in dedicated delivery and logistics management and chose to
focus on those while eliminating its truckload line.
Last year, Cardinal Logistics Management Corporation launched their newest
product line - a Warehousing & Inventory Management program for a number of
their key customers. Cardinal CEO, Tom Hostetler points out that the
company's core competency remains centered on the management of dedicated
resources. Total warehousing and distribution center square footage now tops
more than 800,000 square feet of space with more than 15 locations across the
country, Hostetler reports.
With new product introductions and addition of new business from a number
of high-profile customers, including KraftMaid Cabinetry and Mill's Pride,
Cardinal added annual revenue totaling in excess of $125 million during 2004,
according to Jerry Bowman, Cardinal's President and COO. Headquartered in
Concord, N.C., Cardinal's employee base now totals more than 2,300 employees
nationwide including contract and employee drivers.
About Cardinal Logistics Management Corporation (Cardinal)
Cardinal Logistics Management Corporation (Cardinal) is one of the fastest
growing third-party logistics providers in the country. Cardinal offers a
comprehensive services range of tools and services including asset-based
dedicated contract carriage services, home and jobsite delivery services,
warehousing/inventory management, Cardinal Technology(TM) & Consulting, supply
chain modeling and logistics management. Solutions are highly customizable
and may include dedicated equipment, drivers, contractors, management and
technology for the exclusive use of that customer. Headquartered in Concord,
NC, Cardinal customers include some of the nation's leading retailers and
manufacturers including: The Home Depot, Office Depot, Lowe's, 7-Eleven,
KraftMaid Cabinetry, Mill's Pride, CHEP Industries and more. For more
information about Cardinal, please visit www.cardlog.com .
SOURCE Cardinal Logistics Management Corporation