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.
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SOURCE CD&L, Inc.
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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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