SOURCE: Integrated Freight Corporation

June 23, 2011 08:00 ET

Integrated Freight's Load Ratio Reaches All-Time High

Increased Efficiency Helps Boost Profit Margins

SARASOTA, FL--(Marketwire - Jun 23, 2011) - Integrated Freight Corporation (http://www.integrated-freight.com) (OTCBB: IFCR) (OTCQB: IFCR) announced today that its load ratio, a leading indicator of fleet efficiency, hit a new all-time high in consecutive months beginning in April and currently remains above 90%. This increase in efficiency is anticipated to reduce costs and improve profit margins.

Hank Hoffman, President and COO of Integrated Freight, stated, "Efficiency is a key factor in enhancing profitability. In a very short time, Integrated Freight has been able to increase its load ratio by several percentage points to well over 90%. Our pursuit of this improvement has been a real team effort and a true benefit to growing our bottom line. A higher load ratio means more customer demand, fewer empty miles, and better management of the Company's trucks and trailers."

Defined as the ratio of loaded miles to total miles driven across the entire organization, load ratio is a significant measure of route efficiency and fleet utilization. Continued integration through IFC's subsidiaries has resulted in improved revenue per loaded mile, with one of the most important benefits being the elimination of numerous empty or underutilized routes.

Integrated Freight Corporation is a Sarasota, Florida headquartered motor freight company providing long-haul, regional and local service to its customers. The Company specializes in dry and refrigerated truckload services, operating primarily in well-established traffic lanes in the Upper Midwest, Pacific Northwest, Texas, California and the Atlantic seaboard. Integrated Freight was formed for the purpose of acquiring and consolidating operating motor freight companies. IFC completed its fourth acquisition in April of 2011 and in February 2011 reported fiscal third quarter revenues of $10.34M.

The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business and earnings, subject to the safe-harbor provisions for forward-looking statements provided in the Securities Exchange Act and the regulations thereunder. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements.

Contact Information

  • Integrated Freight Corporation Investor Relations
    941-907-8372 x 6
    investor.relations (at) integrated-freight.com

    Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    President
    972-571-1624
    214-469-2361 (fax)
    Email Contact