Consolidated Freightways Sees Electronics Retailers Driving Boost in Expedited, LTL Ground Services; Big Retailers Turn to PrimeTime Freight to Keep Store Shelves Stocked.Business Editors/Transportation Writers NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com VANCOUVER, Wash.--(BUSINESS WIRE)--Dec. 14, 2001 Led by strong sales in the electronics sector, 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. (Nasdaq:CFWY CFWY Consolidated Freightways ), one of the largest less-than-truckload transportation companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , says it expects shipments of its expedited, time-definite ground services -- called PrimeTime -- to continue to rise throughout the holiday season. "Because of the economic uncertainties since September, retailers have been cautious about building inventories," says Tom Waltz, director of PrimeTime Services for Consolidated Freightways (CF). "But the big retail chains, especially those that sell lots of electronics equipment, are now relying on time-definite services like PrimeTime to replenish inventory as goods move off the shelf." Big Retailers Double PrimeTime Bookings Waltz says CF's inbound PrimeTime bookings from core retailers such as Best Buy, Circuit City, CompUSA and K-Mart nearly doubled last month (up 91 percent) compared to October. Circuit City and Best Buy are publicly reporting significantly higher sales than last year, and point to DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. sales, peripherals, and digital televisions as the hottest-selling products. Overall, CF said shipments of PrimeTime services -- time-sensitive freight that moves within two-to-five-day delivery windows -- rose ten percent in November. Manufacturing To Lead Recovery? Waltz is optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about forecasts that say the manufacturing sector may lead the nation's economic recovery next year. As the economy is kick started, he believes the manufacturing sector will turn to expedited and time-definite freight to restock re·stock tr.v. re·stocked, re·stock·ing, re·stocks To furnish new stock for; stock again. Verb 1. restock - stock again; "He restocked his land with pheasants" supply chain pipelines during the first half of 2002. "Some reports indicate manufacturing is already showing signs of turning around, and CF -- like many economists -- believes this sector can lead the economic recovery," Waltz explains. "As the economy heats up, we expect to see spikes in all of our expedited and time-sensitive freight bookings." The potential for growth in the time-definite, expedited ground service is strong. For example, the Consolidated Freightways network includes more than 300 terminals and hundreds of sleeper teams who traverse the continent. The system is so efficient that expedited freight hauling has become second nature within the company, currently operating with a 99 percent on-time performance record. Customers rely on the better service options with freight moving anywhere from two to five days. Deliveries are guaranteed and can be scheduled to specific time windows, sometimes a crucial factor to managers responsible for keeping manufacturing supply chains filled. And costs are much lower than many other options, such as airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air . Dependability & Guarantees "Supply chain managers most desire dependability, and we now operate with on-time delivery records that allows CF to offer time-definite LTL LTL - Linear Temporal Logic delivery with a 100 percent money-back guarantee," Waltz claims. "Additional value adds include best-in-class satellite tracking, 24/7 shipment monitoring and the ability to reschedule re·sched·ule tr.v. re·sched·uled, re·sched·ul·ing, re·sched·ules To schedule again or anew: rescheduled the meeting for the following week; rescheduled the debts of many developing nations. delivery times while freight is in transit." About Consolidated Freightways Corporation With $2.3 billion in revenues, Consolidated Freightways operates one of the largest less-than-truckload (LTL) transportation networks. The company's 20,000 skilled professionals specialize in long-haul freight transportation throughout the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. continent. CF's network of more than 300 terminals serves virtually every market in the U.S., Canada and Mexico. More information about the company is available at www.cf.com. CF's corporate stock is traded on the NASDAQ exchange using the CFWY stock symbol. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.121401/bb1 |
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