(via NewsDirect)
Now APSI has already filed for an up list to the OTC QB exchange — with a NASDAQ listing as its ultimate goal.
Investors should keep APSI on their Watch Lists because of the Company’s asset-based acquisition in the hot transport business — freight, logistics, warehousing, brokerage, leasing and more. At a Market Cap of just
Sales are anticipated to be full year 2022 in the range of
$125 million with a net profit of$4.5 million . Full results will be announced next month.In 2021, Tradition reported revenue of
$87,695,384 and a net profit of$2,986,945 In 2020, the company generated
$49,992,274 and net income of$1,738,623
A wide-ranging interview with management tells Tradition’s story of growth, profitability and future expansion plans. On a Conference Call were
A Back Seat Role And Strategic Opportunities For Growth
“I’ve taken a back seat role — and am staying in my role at APSI as a Corporate officer and expert in filings. APSI is looking at other strategic opportunities and potential deals,” Carnes said. He added that as APSI sees an up list to the OTC QB exchange, it plans to add independent directors to its Board. APSI's Board now has three Directors.
At
Tradition’s Five Subsidiaries With Broad Growth Potential
Tradition Transportation Company, LLC is the single largest subsidiary of Tradition, generating some 50% of total revenue in full year 2021. It serves all 48-contiguous states. In addition, Tradition Transportation operates a fleet of 162 company-owned tractors and some 303 trailers. Tradition also leases some 64 tractors and 248 trailers.Freedom Freight Solutions, LLC ., has demonstrated sharp growth. In 2021, brokerage accounted for some 35% of total revenue. It includes Freedom Freight Brokerage, an asset-based company and an affiliate of Tradition’s transport trucking division. Freedom Freight servesMexico andCanada , as well as other international shipments.Tradition Leasing Systems, LLC represents about 7% of total revenue. It includes all types of truck leasing, such as long-term, short term and sub-leasing options. It also sells both trucks and trailers.Tradition Logistics, LLC .operates six warehouses cumulatively accounting for some two million sq. ft. There are four inIndianapolis and two inGeorgia .Anthem Anchor Bolts and Fasteners, LLC . , is a subsidiary that manufactures bolts and fasteners and creates custom plates, cages and embeds.
APSI has aggressive growth plans, particularly for the second half of 2023 and in 2024. These include growth through M&A with more acquisitions in the future as well as organic growth.
Warehousing, Brokerage And Drayage Key Future Growth
For example, in warehousing, it operates six warehouses totaling some two million sq. ft.
Brokerage was among the Company’s fastest-growing subsidiaries in 2021, adding some 370.45% in revenue vs. 2020, according to an APSI 8-K filing. In the future, Tradition sees this as a ‘driving platform’ for its growth in the future, said
Drayage is also a vital growth area. Tradition is able to move freight, not just through trucks, but from drayage via unloading ships at a port, storing it in a nearby warehouse, then moving the freight by truck and also by rail. Whether freight moves by water, rail or truck, Tradition handles it. Its facility at the port of
Trucking An
In terms of international trade, trucks accounted for 66.1% of the surface trade between the US and
“The management team at Tradition has more than 120 years of experience,”
Transportation Industry Learned From Covid-19’s Logjams At The Ports
Davis says the transportation industry learned a lot about its strengths and weaknesses during the Covid-19 pandemic. “We saw logjams at the ports and significant weaknesses in the international supply chains as more companies outsourced. Tradition can relieve those logjams and unload ships through its operations at the
“Now, we anticipate more robust business in warehousing and a cooling off in freight movement,” Davis observed. “But our growth over the next 24 months will be in larger steps,” he said. “There will always be ups and downs. But we see these growth steps as bigger than in the past.”
CONCLUSION
Investors may see freight transport and logistics as a sector to put on their Watch Lists because it is a more sophisticated business today. New technology can pinpoint freight movement, ships/trucks/rail consolidation combinations can move goods faster and efficiently as warehousing and brokerage also build profitability. By acquiring
Disclaimers: This article contains sponsored content. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degrees of risk. It is possible that an investors investment may be lost or due to the speculative nature of of the companies profiled.
Contact Details
+1 585-301-7700
markrmckelvie@gmail.com
Company Website
http://razorpitch.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source