Welcome to our dedicated page for Transportation news (Ticker: TLSS), a resource for investors and traders seeking the latest updates and insights on Transportation stock.
Transportation and Logistics Systems, Inc. (TLSS) delivers critical logistics solutions across the Eastern U.S. through subsidiaries including Cougar Express and Severance Trucking. This news hub provides investors and industry professionals with comprehensive updates on TLSS's package delivery operations, strategic partnerships, and financial developments.
Access official press releases covering operational expansions, financial results, and management updates. Track TLSS's progress in key markets from New York to Florida, including its work with major clients in e-commerce logistics. The curated news collection enables informed analysis of the company's growth initiatives and market positioning.
Discover updates on TLSS's trucking operations, warehouse management solutions, and leadership changes. All content is sourced directly from company filings and verified industry reports. Bookmark this page for streamlined monitoring of TLSS's efforts to enhance shareholder value through strategic acquisitions and service optimizations.
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.
