This new cross-border alliance, named Target Logistics Canada, brings together two of the most respected names in the field of logistics. Target has grown exponentially during the past 36 years as a domestic and international freight forwarder and logistics provider. The forwarder expects to reach almost $200 million in revenues for 2007, a record for the company and with a consistent growth rate of about 15 per cent.
Sameday Right-O-Way plays a key role as part of one of Canada's most dominant transportation firms. Headquartered in Mississauga, a suburb of Toronto and home to Canada's largest airport, Sameday Right-O-Way is a subsidiary of Day & Ross, one of Canada's most important trucking firms. Day & Ross itself is a wholly owned subsidiary of McCain Foods, one of our northern neighbor's largest privately held companies with annual revenues of close to $5 billion.
The new, exclusive partnership is expected to facilitate traffic between the two nations based upon extremely high standards of service combined with competitive rates. Starting this summer, the 37 Target offices in the US will be introducing regularly scheduled surface and air transport services from any point in the US to any destination in Canada. Complete integration of the two companies' EDI systems has been completed with Target Logistics Canada being hooked into the forwarder's advanced TRACS network, providing real time shipment control. A combined sales & marketing team has been formed, trained in cross border traffic, to alert shippers on both sides of the border to the advantages of this new partnership.
Stated Chris Coppersmith, President & CEO at Target Logistic Services, "this new alliance is expected to become a major factor in US-Canadian trade. Based on preliminary estimates of shipper interest, we expect a doubling of business with this new partnership within a relatively short period of time compared to our past individual efforts." Coppersmith added, "'using our key hub locations in Los Angeles, San Francisco, Dallas, Chicago, Atlanta and Newark, Target Logistics Canada will be offering extensive LTL and trailerload capabilities to major transborder customers."
Bruce Rodgers, President of Sameday Right-O-Way, commenting on this new alliance, said, "our new partnership with Target, with its extensive overseas operations, will allow our primarily domestic Canadian company to become a meaningful player in international logistics. For a number of years, we have watched Target grow in stature as an international freight forwarder and logistics provider in addition to playing an increased role in cross-border transportation. Sameday Right-O-Way is very pleased to forge this exclusive link between our two companies."
Both companies bring substantial strengths to this new alliance.
Target Logistic Services, headquartered in Carson, CA., has 37 terminals within the US in addition to offices in Asia, the South Pacific and Europe. The forwarder offers a complete range of logistic services including same day, overnight, time definite and deferred air and surface deliveries, inventory control, warehousing and logistics management. A public company, Target Logistic Services is listed on the American Stock Exchange under the symbol TLG.
Sameday Right-O-Way has a doubly distinguished pedigree. It is a subsidiary of Day & Ross, one of the leading FTL and LTL trucking firms in Canada. Day & Ross is owned by McCain Foods, the largest maker and distributor of French fry potatoes in the world in addition to other food products. The transportation arm of McCain's has 36 offices in all of the principal cities of Canada, from the Maritime Provinces in the east to British Columbia in the west.
Target Logistics Canada is an ambitious, forward looking strategi
