Chemours Titanium Technologies Announces First Annual Carrier of the Year Award

Rhea-AI Summary

The Chemours Company (NYSE: CC) recently announced its inaugural Carrier of the Year Awards, recognizing excellence in transporting Ti-Pure™ titanium dioxide. Marten Transport received the Platinum award with over a 99% on-time pickup rate, while Freightworks Transportation & Logistics earned the Gold award, boasting over 98% on-time delivery. The evaluation considered metrics from 2020 to 2021, such as on-time delivery and customer service. Chemours highlighted the significant role these carriers played amid supply chain challenges, emphasizing the importance of partnership in meeting customer needs.

Positive

• Marten Transport achieved over a 99% on-time pickup rate, showcasing exceptional service.
• Freightworks Transportation & Logistics recorded an on-time delivery rate exceeding 98%, reflecting reliability.

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• None.

WILMINGTON, Del., Oct. 5, 2021 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials and Chemical Solutions, today announced the winners of its first annual Carrier of the Year Award: Marten Transport (Platinum award) and Freightworks Transportation & Logistics (Gold award).

The Carrier of the Year Award recognizes excellence in transportation of Ti-Pure™ titanium dioxide (TiO₂) to Chemours customers. The Titanium Technologies procurement and logistics teams, with support from CLX Logistics, developed a consistent set of criteria to evaluate top North American carriers by load counts. Carriers were evaluated based on 2020 to 2021 rate of on-time pickup and delivery, customer service, and ease of doing business, among other metrics.

Marten Transport, a U.S.-based transportation company, was named North American Platinum Carrier of the Year boasting more than a 99 percent on-time pick-up rate. Freightworks Transportation & Logistics, a U.S.-based transportation company, was named as North American Gold Carrier of the Year with an on-time delivery rate of over 98 percent. Across metrics, both companies performed strongly, showcasing reliability and dependability. Both carriers also provided exemplary communication to both Chemours and its customers about the status of loads.

"The past year was filled with more uncertainty and supply chain disruptions than I have experienced in my entire career," said Ed Sparks, president of Titanium Technologies and Chemical Solutions at Chemours. "Marten and Freightworks both went above and beyond to support our business and its customers, showcasing what true partnership and customer-centricity look like. I want to personally thank them for helping us deliver for our customers and I look forward to continuing to partner with them to support our customers in 2022 and beyond."

The Titanium Technologies team will assess its carriers on an annual basis.

About The Chemours Company
The Chemours Company (Chemours or the Company) (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining and oil and gas.  Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named to Newsweek's list of America's Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing sites serving approximately 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn. 

Forward-Looking Statements 
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is unknown and to date has included extreme volatility in financial and commodity markets, a significant slowdown in economic activity, and increased predictions of a global recession. The public and private sector response has led to significant restrictions on travel, temporary business closures, quarantines, stock market volatility, and a general reduction in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to limit travel of employees to our business units domestically and internationally, adversely affect the health and welfare of our personnel, significantly reduce the demand for our products, hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and in our Annual Report on Form 10-K for the year ended December 31, 2020. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

CONTACT:

INVESTORS 
Jonathan Lock 
VP, Corporate Development and Investor Relations
+1.302.773.2263 
investor@chemours.com 

NEWS MEDIA 
Cassie Olszewski
Media Relations and Financial Communications Manager
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

FAQ

What did Chemours announce on October 5, 2021?

Chemours announced its first annual Carrier of the Year Awards, recognizing top transportation companies.

Who won the Platinum and Gold Carrier of the Year Awards from Chemours?

Marten Transport won the Platinum award, while Freightworks Transportation & Logistics won the Gold award.

What criteria were used to evaluate the carriers for Chemours' award?

Evaluation criteria included on-time pickup and delivery rates, customer service, and load counts from 2020 to 2021.

How does Chemours assess its transportation carriers?

Chemours assesses its carriers annually based on performance metrics and service quality.

What is the significance of the Carrier of the Year Award for Chemours?

The award highlights the importance of reliable transportation partnerships in overcoming supply chain disruptions.