SOURCE: Integrated Freight Corporation

September 03, 2015 11:01 ET

IFCR Scores Huge Fuel Economy Improvements

Reports Profitability and Environmental Benefits

DANBURY, CT--(Marketwired - September 03, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, today reported fuel cost performance improvements totaling over 8.3% through the last three years.

David N. Fuselier, CEO of Integrated Freight, stated, "Even with the oil price reductions of the last several months, fuel continues to be the second highest operating cost behind driver wages for any trucking company, including ours. Since the beginning of this company's turnaround effort, our operating subsidiaries have done a remarkable job in not only bringing direct fuel costs under control but also making very substantial financial gains through both conservation and administration." Fuselier continued, "Over the course of the last three years, our operations team has achieved savings of over $2.7 million or nearly 5% of revenue."

"Fuel conservation and environmental responsibility are important issues for our industry," said Hank Hoffman, IFCR president and COO. "The Integrated Freight operating companies achieved gains in each of these areas through a combination of new fuel administration practices, a focus on driver miles per gallon, and the addition of new fuel-efficient, low-emission trucks into the fleet. Fuel management has been a cornerstone for this company's profitability and its turnaround."

Over the last three years, Integrated Freight's fuel cost has improved from 33.6% of revenue to 25.3% in its most recent full fiscal year.

About Integrated Freight Corporation

Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.

This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.

We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.

Contact Information

  • Contact:

    Hank Hoffman
    President and COO
    Integrated Freight Corporation