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This major contract with Continental Airlines is just the beginning of CRGO ushering in contracts with other major airlines. More PR is expected this week. The charts look poised for further upward movement and continued increase in the PPS. Short-term expectation is .05-.10. The long-term range is anticipated to go much higher once holiday season begins and the expanded need for cargo transportation for Christmas rush deliveries.
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CRGO is going to sky rocket with this contract and the ones to follow. I'm think we're looking for at least .05. How long before the other major airlines start signing contracts with CRGO. They need the ground transporation and with Continental already signed on the other airlines will follow.
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Cargo Connection Logistics Expands Relationship with Division of Fortune 500 Company Monday August 8, 8:00 am ET Cargo Connection Logistics Will Now Provide Export Services for the Firm
INWOOD, N.Y.--(BUSINESS WIRE)--Aug. 8, 2005--Cargo Connection Logistics Holding, Inc.'s (OTCBB:CRGO - News) wholly owned division, Cargo Connection Logistics Corp., which has had a long-standing relationship with a division of a Fortune 500 Company today announced it will expand the services it provides to the international distribution and procurement division of the grocery and beauty aids company. Cargo Connection Logistics has served as one of this firm's United States Customs Bonded Warehouses and domestic receiving stations and will now provide domestic export services on behalf of the company. The initial project involves goods from the Ohio Valley Region bound for Japan.
According to Cargo Connection Logistics Holding, Inc. President Jesse Dobrinsky, the expanded services include recovery of goods from domestic suppliers of the company's loading of export containers and the shipment of those containers to outbound vessels.
"The expanded role we will now play with this firm is testimony to the quality of service we have provided the company as one of its domestic receiving stations and United States Customs Bonded Warehouses," said Dobrinsky. "Aside from providing domestic export services, we are currently in negotiations to further expand our presence with the company to assist with logistics requirements in the mid-west and on the eastern seaboard."
Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 82 full-time employees.
-------------------- It is always darkest before it goes completely BLACK!!!
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