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Chemours Titanium Technologies Announces Second Annual Carrier of the Year Award
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The Chemours Company (NYSE: CC) has awarded its second annual Carrier of the Year Awards to Marten Transport (Platinum) and Hirschbach Transportation Services (Gold) for their excellence in transporting Ti-Pure™ titanium dioxide. Marten achieved over 99% on-time delivery, while Hirschbach surpassed 95%. The awards reflect strong performance, commitment, and partnership in the Titanium Technologies supply chain. Chemours recognizes the value of dependable carriers in meeting customer needs and looks forward to future collaboration with these companies.
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Marten Transport awarded Platinum Carrier of the Year with over 99% on-time delivery rate.
Hirschbach Transportation Services received Gold Carrier of the Year with over 95% on-time delivery rate.
Recognition of dependable carriers enhances Chemours' supply chain reputation.
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Marten Transport and Hirschbach Transportation Services recognized for outstanding service to Ti-Pure™ brand customers
WILMINGTON, Del.--(BUSINESS WIRE)--
The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the winners of its second annual Carrier of the Year Award: Marten Transport (Platinum award) and Hirschbach Transportation Services (Gold award).
The Carrier of the Year Award recognizes excellence in transportation of Ti-Pure™ titanium dioxide (TiO2) to Chemours customers. The Titanium Technologies supply chain, 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 the 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 for the second year in a row boasting more than a 99% on-time pick-up and delivery rates. Hirschbach Transportation Services, a U.S.-based transportation company, was named as North American Gold Carrier of the Year with an on-time delivery rate of over 95%. Across metrics, both companies performed strongly, showcasing dependability and commitment to partnership in serving Ti-Pure™ titanium dioxide customers.
“Marten and Hirschbach are the carriers we turn to when we need someone to get the job done,” said Ed Sparks, President of Titanium Technologies and Chemical Solutions at Chemours. “They have both proven time and again that they can meet and exceed our standard of excellence while serving our customers and demonstrating true partnership. I want to personally recognize and thank them and all their employees for providing this high-level of service, especially with National Truck Driver Appreciation Week coming next week. We look forward to continued partnership in 2022 and beyond.”
The Titanium Technologies team will assess its carriers on an annual basis.
About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials 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, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
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 still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel 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, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
NEWS MEDIA
Cassie Olszewski Media Relations and Financial Communications Manager
+1.302.219.7140
media@chemours.com
Source: The Chemours Company
FAQ
What did Chemours announce regarding its Carrier of the Year Awards?
Chemours announced the winners of its second annual Carrier of the Year Awards, recognizing Marten Transport as the Platinum carrier and Hirschbach Transportation Services as the Gold carrier for their outstanding service.
What were the on-time delivery rates for Marten Transport and Hirschbach Transportation Services?
Marten Transport achieved over 99% on-time delivery, while Hirschbach Transportation Services recorded an on-time delivery rate of over 95%.
What criteria did Chemours use to evaluate the carriers?
Carriers were evaluated based on on-time pickup and delivery rates, customer service, and ease of doing business among other metrics.
Why is the Carrier of the Year Award significant for Chemours?
The award highlights Chemours' commitment to excellence in its supply chain and its collaboration with dependable transportation partners.
What products are associated with Chemours' Titanium Technologies?
Chemours' Titanium Technologies primarily involves Ti-Pure™ titanium dioxide, a key product in its supply chain.
