Nations Fastest Growing Third-Party Logistics Firm Changes Legal Name to Better Differentiate Company in Transportation and Logistics Marketplace
CONCORD, N.C. (April 13, 2005 ) --- 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, Cardinals 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 industrys 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 experienced 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 Cardinals 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 - Warehousing & Inventory Management program for a number of their key customers. Cardinal CEO, Tom Hostelter points out that the companys 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 Mills Pride, Cardinal added annual revenue totaling in excess of $125 million during 2004, according to Jerry Bowman, Cardinals President and COO. Headquartered in Concord , N.C. , Cardinals 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 nations leading retailers and manufacturers including: The Home Depot, Office Depot, Lowes, 7-Eleven, KraftMaid Cabinetry, Mills Pride, CHEP and more.