Consolidated Freightways Continues Terminal Network Expansion in Mexico.Business Editors SAN ANTONIO--(BUSINESS WIRE)--July 11, 2000 Consolidated Freightways Consolidated Freight was the 3rd biggest trucking company in the US. In the 1930s they started their own truck manufacturing operation, Freightliner, now part of DaimlerChrysler. (CF) (Nasdaq:CFWY CFWY Consolidated Freightways ), a leading transportation and logistics provider, has opened a terminal in Puebla, Mexico to answer fast-growing demand for LTL LTL - Linear Temporal Logic services provided by its Mexico-based subsidiary. The new terminal, just an hour outside of Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , broadens the coverage and service areas of CF/Mexico, currently the largest and most extensive LTL network south of the border. CF/Mexico experienced extraordinary growth in 1999, with shipments more than quadrupling over 1998 levels. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Brian Hickert, CF/Mexico division manager, the subsidiary is poised to generate $250 million in revenues this year. Last month, CF opened a terminal at Torreon, Coahuila, and plans to continue investing in new facilities, equipment and personnel to keep pace with escalating demand for LTL services. "The Puebla terminal is at the center of our division-wide expansion of services and infrastructure throughout Mexico," says Hickert. "CF/Mexico will continue to innovate and enhance our array of supply chain solutions for businesses looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. fast, flexible and reliable transportation throughout the Mexico market." Puebla, Mexico's fourth largest city, is 60 miles from Mexico City, an economic center in today's global marketplace. Puebla is a manufacturing and commercial hub with thriving industries including auto assembly Founded in 2000 by Sven Harvey, Auto Assembly is a TransFormers event that is held in Birmingham, UK and run by the science-fiction fan organisation Infinite Frontiers. The first convention was held in October 2000 and has been held annually, except in 2002 and is again taking a , pharmaceuticals, chemical and steel production. Puebla's major export products are motor vehicles, textiles, meat and fruits. CF/Mexico was launched two years ago as a high quality LTL service to and from NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's countries. As Mexico's first and only international LTL carrier within Mexico, CF/Mexico provides direct service through three modern border gateways to more than 85destinations south of the U.S. border. Since 1998, CF/Mexico has introduced state-of-art satellite tracking and the first time-definite transportation options in Mexico. Same-day delivery to 24 cities is currently available, complimented by overnight delivery to 29 cities within Mexico. With the addition of terminals in Puebla and Torreon, CF/Mexico now operates 22 terminals - 9 within the Mexican borders and 13 in the U.S. southwestern states along the border. As a licensed international carrier, CF/Mexico handles shipments from origin to destination with no hand-offs to third-party vendors once freight crosses the border. With $2.4 billion in revenues, Consolidated Freightways (CF) is one of the world's largest transportation organizations with an array of supply chain products and services. An industry leader for more than 70 years, CF offers LTL transportation, integrated management services in logistics, expedited air and ground delivery, JIT JIT - dynamic translation solutions, two-day regional service and time-sensitive inventory management. CF's 22,000 transportation professionals are based in 350 locations in 80 countries worldwide. More information about the company is available at www.cf.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion