Fidelitone Logistics Reports Strong Start in 2010

3PL Industry Leader Experiences Prosperity in Challenging Times

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Jul 22, 2010, 08:35 ET

WAUCONDA, Ill., July 22 /PRNewswire/ -- Fidelitone Logistics, an industry leader in 3PL and supply chain performance, marked the first half of 2010 with continued growth amid challenging economic conditions.

New Customer Contracts and Renewals

Within the first six months of 2010, Fidelitone Logistics signed eight new contracts and renewals with six existing customers. The contracts vary from freight management, product sourcing and order fulfillment to "white glove" delivery and inventory management and control.

"We treat our customers' business challenges as our own and continually strive for process improvements that deliver bottom-line results," says President Josh Johnson. "The diversity of services reflected in these new and renewed contracts is a validation of our ever-expanding service offerings and our commitment to continually developing satisfied customers."

Expanding Geographic Reach

Fidelitone Logistics also opened new locations in Washington, D.C., and San Diego, Calif., to better serve demand in these markets, bringing the company's nationwide reach to 28 locations.

Acquisition Completed

In May, Fidelitone announced the acquisition of New Mexico-based AADF Warehouse. This move bolsters Fidelitone's position in the Southwest market and adds key customers in the medical devices, alternative energy and building products markets. This is Fidelitone's fourth acquisition in the last 24 months.

Industry Awards and Recognition

In recognition of its strength and position in the marketplace, Fidelitone Logistics has also been honored with five awards in 2010:

Crain's Chicago Business List of Top Chicago-Area Privately Held Companies
Crain's Chicago Business Fast Fifty
CDS Logistics' Agent of the Year award
2010 Supply & Demand Chain Executive 100
Supply & Demand Chain Executive 2010 Pros to Know (for Johnson)

"While many companies and industries continue to struggle in these tough economic times, we are proud to say that we continue to lead the pack," said Executive Vice President Mike Schoenfeld. "We have a reputation for delivering value, which is reflected by the flurry of business activity and success in the first half of this year."

ABOUT FIDELITONE LOGISTICS

An industry leader in 3PL and supply chain performance, Fidelitone Logistics delivers value-added solutions that exceed the scope of our competition and the expectations of our customers. As a logistics innovator since 1929, the company's expertise includes: Inventory Management, Global Sourcing, Warehousing & Distribution, Transportation Management, Print & Packaging, White Glove Delivery and Reverse Logistics. Headquartered near Chicago, Fidelitone Logistics is a privately held company with more than 25 locations and 600 employees throughout the United States. To date, more than 1 million shipments are managed by Fidelitone Logistics each month, for a variety of customers ranging from Fortune 100 companies to start-up organizations. For more information, please visit http://www.fidelitone.com.