Titanium Transportation Secures 7th U.S. Brokerage Location With a New Office in Jacksonville, Florida
July 24 2023 - 5:30PM
Titanium Transportation Group Inc. ("Titanium" or the "Company")
(TSX:TTNM, OTCQX:TTNMF), today announced that it has secured a
strategic brokerage office location in Jacksonville, Florida. This
marks the Company’s 7th location in the U.S. brokerage services
business.
Ted Daniel, CEO, Titanium Transportation
Group, commented, “Today’s announcement re-affirms our
commitment to U.S. expansion in our asset-light brokerage business
and places us in a strong position to achieve our goal of opening
10 U.S. locations by the end of 2024. Brokerage services continue
to be an attractive driver of our business and we are committed to
strategically expanding our footprint. Jacksonville has a strong
manufacturing sector with proximity to the I-95 and I-10 corridor,
making it an ideal location for expansion. By leveraging our
technology and systems, in addition to low start-up costs, our U.S.
brokerage expansion will drive strong return on invested capital
and organic growth.”
Titanium Transportation operations, and
respective revenues, in Jacksonville are expected to start during
the first quarter of 2024.
About Titanium
Titanium is a leading North American
transportation company with asset-based trucking operations and
logistics brokerages servicing Canada and the United States, with
approximately 800 power units, 3,000 trailers and 1,100 employees
and independent owner operators. Titanium provides truckload,
dedicated, and cross-border trucking services, logistics, and
warehousing and distribution to over 1,000 customers. In the U.S.,
Titanium has established operations in Charlotte, Atlanta, Chicago,
Nashville, Denver and Arkansas. Titanium is a recognized purchaser
of asset-based trucking companies, having completed twelve (12)
transactions since 2011. Titanium ranked among top 500 companies in
the inaugural Financial Times Americas’ Fastest Growing Companies
in 2020. The Company was ranked by Canadian Business as one of
Canada's Fastest Growing Companies for eleven (11) consecutive
years. For two (2) consecutive years, Titanium has also been ranked
one of Canada’s Top Growing Companies by the Globe and Mail’s
Report on Business of Canada. Titanium is currently listed on the
Toronto Stock Exchange under the symbol “TTNM" and “TTNMF” on the
OTCQX.
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. Particularly, statements regarding future
acquisitions, the availability of credit, performance,
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such as "may", "might", "will", "could", "should", "would",
"occur", "expect", "plan", "anticipate", "believe", "intend",
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"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.
Neither the TSX nor its Regulation Services
Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this
release.
Contact Information
Titanium Transportation Group Inc.Ted Daniel, CPA, CAChief
Executive Officer(905) 266-3011ted.daniel@ttgi.comwww.ttgi.com
For Investor RelationsJames Bowen,
CFA416-519-9442James.Bowen@loderockadvisors.com
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