TRANSPORTATION & LOGISTIC - TLSS STOCK NEWS

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Transportation and Logistics Systems, Inc. (TLSS) is a Florida-based company providing tractor-trailer and box truck deliveries of packages primarily on the East Coast of the United States. TLSS offers package delivery services in states such as New York, New Jersey, Pennsylvania, Georgia, Florida, Ohio, and Tennessee, catering to customers like Amazon and others. The company also offers logistics services and storage solutions specifically for Amazon and its customers. TLSS operates through its wholly-owned subsidiaries Cougar Express, Inc., Freight Connections, Inc., JFK Cartage, Inc., and Severance Trucking Co., Inc., providing a comprehensive suite of transportation and logistics services. TLSS focuses on building shareholder value, driving operational growth, and pursuing strategic business opportunities.

11/15/2023 08:30 AM

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TLSS Announces Financial Results for the Three and Nine Months Ended September 30, 2023

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Transportation and Logistics Systems, Inc. (TLSS) reported increased revenues but higher than expected losses in Q2 and Q3, leading to a significant strain on working capital. The company is exploring financing options and corrective measures to address operating losses and get operations on a path to profitability.

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10/03/2023 09:00 AM

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TLSS Hires New Accounting and Finance Leadership

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TLSS announces addition of new members to its management team for accounting and finance department. CEO to assume CFO responsibilities. Marc Weiss and Tasrin Ahmed join as VP of Accounting and Finance and Director of Accounting and Finance respectively. They bring extensive experience in high-revenue, rapid growth environments. The move aims to improve reporting, analysis, forecasting, expense control, and cash management strategies.

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09/14/2023 09:00 AM

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TLSS Issues Interim Update

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Transportation and Logistics Systems, Inc. provides an update on the trucking industry and its business performance. The trucking industry is facing challenges with a shortage of freight and declining demand for consumer goods. Several major trucking companies have reported declines in earnings and shipments. Spot rates in trucking have dropped significantly. However, the company has made acquisitions and implemented cost-saving measures to improve its financial results. It has also launched new sales and marketing initiatives to drive revenue growth.

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09/06/2023 08:30 AM

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TLSS Operations Announces New Partnership with Expediri

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TLSS partners with Expediri to provide final mile delivery services, aiming to increase revenues and pursue organic growth.

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08/31/2023 08:30 AM

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TLSS Operations Launches New Regional Overnight Service

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TLSS launches new regional overnight service, offering speed and pricing advantages. CEO believes strategic acquisitions provide organic growth opportunities. COO highlights advantage of consistent premium service and flexible operations. Comprehensive corporate update expected in September.

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08/22/2023 08:30 AM

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TLSS Operations Announces Customer Expansion into New England Market

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TLSS expands services into New England with existing customer, expects revenues to double over the next year

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08/14/2023 08:30 AM

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Transportation and Logistics Systems, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2023

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Transportation and Logistics Systems, Inc. (TLSS) filed its Form 10-Q for Q2 2023, reporting improved revenue and gross profit margins. The company experienced the industry downturn but took measures to reduce operating costs and implemented new initiatives. TLSS had a net loss of $2,479,000 for the quarter, compared to a net loss of $709,000 in the prior year period. For the six months ended June 30, 2023, TLSS reported a net loss of $4,125,000, compared to a net loss of $2,746,000 in the prior year period. The Board of Directors is seeking stockholder approval to increase the number of authorized shares of common stock from 10,000,000,000 to 50,000,000,000.

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07/25/2023 08:30 AM

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TLSS to Issue Comprehensive Corporate Update after 10Q Filing

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Transportation and Logistics Systems, Inc. (TLSS) to issue comprehensive update on the company, its operations, and strategic plans after second quarter earnings release in mid-August 2023. Chairman and CEO Sebastian Giordano aims to provide stakeholders with a deeper insight into the state of the company and its progress, emphasizing the goal of building shareholder value.

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05/15/2023 05:45 PM

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Transportation and Logistics Systems, Inc. Announces Financial Results for the First Quarter Ended March 31, 2023

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03/31/2023 05:45 PM

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Transportation and Logistics Systems, Inc. Announces Financial Results for the Year Ended December 31, 2022

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Transportation and Logistics Systems, Inc. (TLSS) reported its 2022 annual financial results, showcasing a significant 40.9% revenue growth to $7,744,000, attributed to acquisitions made late in 2022. The company also achieved a remarkable 1,961% increase in gross profit margin, reaching 32.6%. However, TLSS faced a net loss of $8,076,000, primarily due to operational losses and a $2,100,000 impairment expense. CEO Sebastian Giordano highlighted ongoing strategic acquisitions and cost-saving initiatives, expressing optimism for 2023 as a potential breakout year following the recent acquisition of Severance Trucking. The company aims to refinance seller notes to support further growth.

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FAQ

What is the current stock price of TRANSPORTATION & LOGISTIC (TLSS)?

The current stock price of TRANSPORTATION & LOGISTIC (TLSS) is $0.0001 as of May 15, 2024.

What is the market cap of TRANSPORTATION & LOGISTIC (TLSS)?

The market cap of TRANSPORTATION & LOGISTIC (TLSS) is approximately 448.1K.

What services does TLSS provide?

TLSS offers tractor-trailer and box truck deliveries of packages, package delivery services, logistics services, and storage solutions.

Where is TLSS based?

TLSS is based in Jupiter, Florida.

Which states does TLSS primarily serve?

TLSS primarily serves states on the East Coast of the United States, including New York, New Jersey, Pennsylvania, Georgia, Florida, Ohio, and Tennessee.

Who are TLSS's main customers?

TLSS caters to customers like Amazon and other clients for their package delivery, logistics, and storage needs.

What are TLSS's subsidiaries?

TLSS's wholly-owned subsidiaries include Cougar Express, Inc., Freight Connections, Inc., JFK Cartage, Inc., and Severance Trucking Co., Inc.

What is TLSS's primary goal?

TLSS's primary goal is to build shareholder value and drive operational growth while pursuing strategic business opportunities.

How does TLSS differentiate itself in the market?

TLSS focuses on providing comprehensive transportation and logistics services, leveraging its subsidiaries' expertise and industry experience.

What recent challenges has TLSS faced?

TLSS has experienced lower-than-expected revenues and higher losses in operations due to industry challenges and specific operational issues, prompting the need for corrective measures.