Titanium Transportation Expands US Network to the Western Market, By Opening Fourth US Freight Brokerage Office in 27 Months in Denver, CO
August 19 2021 - 5:30AM
Titanium Transportation Group Inc. ("Titanium" or the "Company")
(TSXV:TTR), a leading provider of transportation and logistics
services throughout North America, is pleased to announce that it
has opened its newest Freight Brokerage office in Denver, Colorado.
This marks the Company’s fourth freight brokerage office in a major
U.S. transportation and logistics geographic hub within the last 27
months.
“With the opening of our newest and fourth Freight Brokerage
operation in Denver, CO, Titanium Transportation is expanding our
technology-based logistics solutions and services to address the
needs of existing and potential customers looking to gain access to
the major population centers in the western United States”, said
Ted Daniel, Titanium's President and CEO. “Colorado is an
attractive market opportunity given its high population growth,
strengthening industrial market where it is home to nearly 6,000
manufacturers across various business sectors contributing
approximately $18 billion in annual trade.”
As US freight brokerage markets continue to experience strong
growth rates reflecting the reopening of commercial markets, and
the subsequent increase in demand, Titanium is strategically
positioned to capture US market share in 2021 and beyond.
"We are focused on expanding our US footprint, taking an
asset-light approach, in key markets where we expect to capture
significant market share that will add to our growth going forward.
We are extremely pleased with the performance of our US operations
since entering the market 27 months ago and remain enthusiastic
about opening additional brokerage centers.”
About Titanium
Titanium is a leading asset-based transportation and logistics
company 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, freight logistics, and warehousing
and distribution to over 1,000 customers. In February 2021,
Titanium completed its strategic acquisition of International
Truckload Services Group, establishing Titanium among the largest
Canadian transportation companies. Titanium is a recognized
consolidator of asset-based transportation companies in Ontario,
having completed eleven (11) asset-based trucking acquisitions
since 2011. Titanium has also been ranked by Canadian Business
(formerly PROFIT magazine) as one of Canada's Fastest Growing
Companies for twelve (12) consecutive years.
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, achievements, prospects or
opportunities for Titanium or the industry in which it operates are
forward-looking statements. In some cases, forward-looking
information can be identified by terms such as "may", "might",
"will", "could", "should", "would", "occur", "expect", "plan",
"anticipate", "believe", "intend", "seek", "aim", "estimate",
"target", "project", "predict", "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-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) 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
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