WOODBRIDGE, ONTARIO--(Marketwired - Sept. 7, 2016) - Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) is pleased to announce the completion and opening of Titanium's new Bolton Terminal.
The new 71,500 square foot leased facility is located in Bolton, Ontario and accommodates Titanium's head office operations, as well as an integrated warehouse, yard and third party mechanical shop.
Highlights of the new facility include:
- Consolidation of the Bolton, Burlington, Mississauga, Orillia and Woodbridge terminals and warehouses to one location resulting in significant operational efficiencies
- Built-for-purpose integrated warehouse, yard and third party mechanical facility to allow for functional optimization
- Enhanced IT infrastructure to allow for future growth and improved productivity
- 100% increase in square footage to facilitate growth in both the Logistics and Trucking divisions
- Expanded driver lounge with training facilities, laundry and additional conveniences
Mr. Ted Daniel, CEO of Titanium commented: "The new Bolton Terminal allows for consolidation of all five of our previous operating locations and for future acquisitions in the Greater Toronto Area. The new facility will also allow for significant expansion of our Logistics division."
Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with approximately 400 power units, over 1,300 trailers and over 500 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 1,000 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed eight asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for seven consecutive years.
Cautionary statement regarding forward-looking statements
Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts.
Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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