TL business boosts Vexure’s revenues

May 6, 2005
Jacksonville, FL-based third party logistics firm Vexure said its first quarter revenues increased to more than $31 million, up 41% over the first quarter of 2004, largely on the strength of its truckload business

Jacksonville, FL-based third party logistics firm Vexure said its first quarter revenues increased to more than $31 million, up 41% over the first quarter of 2004, largely on the strength of its truckload business.

“Our current growth is coming from our truckload brokerage division,” said Allen Steele, Vexure’s chairman & CEO. Driving this growth was increased freight demand from its existing customer base, the addition of several large new customers, as well as the tight capacity in the marketplace, he noted.

“All of our other service offerings experienced strong growth as well as we capitalize on the tight capacity in the marketplace,” Steele added. That includes contract logistics, expedited freight management, as well as intermodal truck/rail service, he said.

“We’ve already hit the ground running in the second quarter and anticipate continued growth for the remainder of this year,” added Thomas Piatak, president & COO.

Sponsored Recommendations

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

How to Choose the Right Route Planning Solution

This free buyer's guide will help equip you with the knowledge and insights needed to analyze route planning software and vendors in the market and, ultimately, make an informed...

How to Put Your Trucking Data to Work

How fleets can overcome data overload to optimize operations and get ahead.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!