Average cost savings when switching to LaserShip. googletag.pubads().collapseEmptyDivs(); MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. Find company research, competitor information, contact details & financial data for Grand Fortune Securities Co.,Ltd of Taipei City. For more information, visit american-securities.com. However, some perspective is needed before the coronation begins. The company's integrated regional parcel network offers customers a unique solution for next day and two-day parcel service across more . Cash collections during the first quarter following the peak holiday season represent a strong period of cash flow while the fourth quarter typically represents weaker cash generation, at which time the company may tap its revolver. googletag.enableServices(); VIENNA, Va. and CHANDLER, Ariz. (PRWEB) This should allow LaserShip to maintain EBITDA margins in the mid-teens range, which should lead to debt/EBITDA in the low-6x range by end of 2021. 4,330 Followers. Amy Harsch . MOODYS ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. About OnTrac Logistics, Inc. Mike Cavanagh Analyst Corporate Finance Group Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. googletag.cmd.push(function() { Specifically, Skiver added expansion into new markets like Dallas and Chicago could lead to profitable growth for LaserShip. The transaction is expected to close in Q4, subject to customary closing conditions. Satish Jindel, SJs founder and CEO, and an adviser to FedEx on the Caliber deal, said UPS believed at the time that RPS was too insignificant to warrant much attention. MOODYS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. The lawsuits allege that a company or individual violated securities laws and are brought on behalf of the class. @LaserShipAssist. The market share changes have been skewed by the growth in e-commerce fulfillment, which tilted delivery volumes to the more competitive business-to-consumer (B2C) segment, and the emergence of Amazon.com Inc. (NASDAQ: AMZN) as a delivery player. LaserShip is funded by American Securities. googletag.pubads().collapseEmptyDivs(); ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak announced today it has acquired the assets of ECRM Incorporated's CTP (computer-to-plate) device business for the graphic arts and newspaper . One top executive said that the news was unexpected and that there was no inkling of a change in the works. OnTrac is a SmartWay Transport Partner, a USPS Workshare Partner, and integrates with over thirty different multi-carrier software providers. It will be the only pure-play national e-commerce solution in last-mile parcel delivery and will enhance customers ability to meet growing demand in the consumer delivery market. Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Nicole Chen is an associate in Weil's Private Equity practice and is based in New York. LaserShip is part of a portfolio within American Securities and Greenbriar and said that both companies will provide additional equity financing and continued strategic support for the combined company. There are no express "blocker" provisions that prohibit the transfer of specified assets to unrestricted subsidiaries; such transfers are permitted subject to carve-out capacity and other conditions. LaserShip's cash flows vary due to seasonal working capital swings. Moody's expects LaserShip to maintain adequate liquidity, with modest cash balances balanced by full availability under its upsized $125 million revolver. American Securities and its affiliates have more than $25 billion under management. The OnTrac service area includes California and the major metropolitan areas of Arizona, Nevada, Oregon, Washington, Utah, Colorado, and Idahoan area that is home to over 65 million consumers. Logistics LaserShip is a portfolio company of American Securities and Greenbriar, and both will provide additional equity financing and continued strategic support for the combined company. [email protected]. LaserShip has agreed to buy Arizona-based OnTrac Logistics. I make more then $12,000 a month online. Having real competition nationally can potentially reign the runaway price increases weve seen over the past couple of years, he said. Copyright 2023, All Rights Reserved, FreightWaves, Inc. Should FedEx, UPS care about the LaserShip-OnTrac merger? Amazon has taken significant share from UPS since it launched its delivery network seven years ago. googletag.pubads().collapseEmptyDivs(); LaserShip and OnTrac are expanding to Texas! About American Securities There should be opportunity to grow volume with existing LaserShip customers, and acquire new ones, from East Coast/Midwest distribution centers to the West Coast, he said. Last-mile delivery reaching over 140M people in the U.S.! The goal of acquisition is to expand regional last-mile delivery to reach more customers. That process, the companies said is the rollout of a new transcontinental delivery service, which they said is focused on helping retailers reach consumers in the nations most populated regions with faster and more reliable home delivery at a cheaper cost. If you can't read this PDF, you can view its text here. googletag.cmd.push(function() { LaserShip and OnTrac will begin to link their networks in 2022 to ensure seamless service for customers during the 2021 peak holiday season. Greenbriar looks to identify companies with proven management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise and strategic insight alongside our proven operating capabilities and network of senior executive relationships. This decreases the value of a national, integrated network another reason LaserShip doesnt need immediate national coverage.. It looks like a 12x-15x price they paid for OnTrac, but if they can take advantage of this hot parcel market and future growth, this could be a great acquisition, Erickson said. He added LaserShip as a national carrier would mean a lot of shippers will be willing to move from UPS and FedEx. Get the latest business insights from Dun & Bradstreet. googletag.enableServices(); Moody's Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. HERE http://www.workssilver.com. Its also great for the industry in general and it is exciting to see significant investment continue to pour into the logistics and delivery space.. window.googletag = window.googletag || {cmd: []}; googletag.pubads().enableSingleRequest(); It stands to reason, then, that a merger of regional parcel delivery carriers LaserShip and OnTrac, with $1.7 billion in combined annual revenue between them, wouldnt appear on the giants radar. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); . Both LaserShip and OnTrac have exhibited substantial growth in their ecommerce delivery businesses in 2020 and 2021 with significant new customer wins and substantial increases in delivery volumes, Moodys said. B2C is profitable, you just have to change how you approach it from an operations, pricing and service delivery perspective. LaserShip closed its last funding round on May . Text. LTD. TAIPEI BRANCH of Taipei City. It is classified as operating in the Couriers & Express Delivery Services . It continues to be such an . Holifield formally assumed the role on Nov. 8, 2021. . Our new service fills that void and were excited to serve as a supportive, long-term partner for our customers, he said. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.REGULATORY DISCLOSURESFor further specification of Moody's key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. The combined company will bring together two complementary operating footprints across the United States. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. The number of new customers has increased rapidly of late, and remains to be seen whether the company can service all of its customers at the required service levels. Founded in 1999, Greenbriar is a private equity firm managing over $6 billion of total committed capital focused on investments in market-leading services and manufacturing businesses. FedEx and UPS, if need be, will sow shipper doubt about diverting volumes to the merged entity, citing inferior technology and the lack of a bona fide national network that can scale to meet shippers multiple needs. The outlook is stable. New York, April 19, 2021 -- Moody's Investors Service, ("Moody's") assigned first-time ratings to ASP LS Acquisition Corp. ("LaserShip") including a B3 corporate family rating ("CFR") and a B3-PD probability of default rating. LaserShip is a non-asset-based parcel delivery company that leverages a flexible network of sort centers and delivery hubs to provide "distribution center to doorstep" delivery to e-commerce customers. gptAdSlots.push(gptSlot); All rights reserved.CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODYS (COLLECTIVELY, PUBLICATIONS) MAY INCLUDE SUCH CURRENT OPINIONS. Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally . And they added that this service will connect the companies East and West Coast delivery footprints, moving packages both way in three days. googletag.enableServices(); The conventional wisdom is that regional carriers offer competitive rates because of their relatively low overhead. "The (LaserShip and OnTrac) deals were not made with the idea of stopping there," the person said. Leading omnichannel retailers and direct-to-consumer e-commerce brands have already signed up to secure volume ahead of our launch. The OnTrac service area includes California and the major metropolitan areas of Arizona, Nevada, Oregon, Washington, Utah, Colorado, and Idahoan area that is home to over 65 million consumers. For more information, visit ontrac.com. American Securities and Greenbriar-backed LaserShip to merge with OnTrac Logistics in a $1.3bn deal. Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA. About OnTrac Logistics, Inc. OnTrac was founded in 1991 and has become a top choice for e-commerce and companies looking to speed up parcel distribution without the additional costs associated with national carriers. You dont quit an executive position at Home Depot to be CEO for a little more than a year, Martinez said. LaserShip's $1.3-billion deal for OnTrac gives it delivery coverage on both U.S. coasts. We are thrilled at the prospect of this combination, joining two companies that share a culture of world-class service and that mark the future in e-commerce last-mile delivery at scale, said Will Manuel, Chairman of the Board of LaserShip and a Managing Director of American Securities. To ensure continued exceptional service through the holiday season with expectations of heightened shipping volumes, LaserShip and OnTrac will not begin to link their networks until 2022 and will operate independently until that time. Will Manuel, chairman of the LaserShip/OnTrac board and managing director of American Securities, said in a statement. By joining with LaserShip, we will be well positioned to continue innovating and providing leading service for shippers, and faster delivery for consumers. window.googletag = window.googletag || {cmd: []}; Moody's also assigned B2 ratings to the company's proposed first-lien credit facilities, consisting of a $75 million . LaserShip's proven, industry-leading last-mile delivery platform will help you acquire and retain customers with faster delivery while building capacity and flexibility within your supply chain. googletag.pubads().enableSingleRequest(); They also value the regionals as safety valves should FedEx and UPS continue to impose volume limitations, she said. googletag.enableServices(); var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); LaserShip is the leader in last-mile delivery for retailers and shippers that desire reduced transit times, lower costs, reliable on-time performance, and increased flexibility within their supply chain. Loaded & Rolling (Enterprise Fleet News/Analysis). I predict more consolidation of regionals especially with the rate increase being slapped on shippers by UPS and FedEx this year. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. Since 1994, we've built a strong track record of value creation for our investors and with our management team partners. Rating Action: Moody's assigns B3 CFR to LaserShip; outlook stableGlobal Credit Research - 19 Apr 2021New York, April 19, 2021 -- Moody's Investors Service, ("Moody's") assigned first-time ratings to ASP LS Acquisition Corp. ("LaserShip") including a B3 corporate family rating ("CFR") and a B3-PD probability of default rating. Prior to Centerbridge, Will was a Principal at Spectrum Equity Investors and Spire Capital Partners. The Caa2 rating on the second lien term loan reflects its subordinated position to the first lien debt.Following are some of the preliminary credit agreement terms, which remain subject to market acceptance.As proposed, the credit facilities are expected to contain covenant flexibility for transactions that could adversely affect creditors, including the ability to incur incremental term loan facilities in an aggregate amount not to exceed the greater of EBITDA as of the closing date and 100% of trailing four quarter EBITDA; plus an unlimited amount so long as First Lien Leverage Ratio does not exceed the greater of the ratio at the closing date or most recently ended test period (if pari passu secured). This allowed the carriers to deliver more packages within specific time windows, and at attractive rates and fewer delivery surcharges. There are deep pockets behind the tie-up in the form of private equity firm American Securities LLC. The ultimate objective is to build out a coast-to-coast delivery network to compete with the large national carriers. Will received a BA in Government from Connecticut College. window.googletag = window.googletag || {cmd: []}; Copyright 2023, All Rights Reserved, FreightWaves, Inc, Duffy named to run LaserShip/OnTrac as Holifield steps down. In the short term a combined LaserShip/OnTrac is certainly poised to steal share away as evolving network configurations bring more volume closer to end customers in high-demand areas, said Nate Skiver, founder of LPF Spend Management. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. American Securities Announces Agreement to Sell Milk Specialties Global. The deal is expected to close in Q4. Will Manuel joined American Securities in 2016. For more information, visit ontrac.com. LaserShip is a portfolio company of American Securities and Greenbriar, and both will provide additional equity financing and continued strategic support for the combined company. The deal has generated much excitement in the last-mile delivery world. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Picard said, however, that the regionals actually dont serve all ZIP codes in their territories, and instead cherry-pick those ZIPs with strong volume density and short transit times. We look forward to continuing to innovate for our retail partners in the future.. September 8, 2022 American Securities Acquires Meridian Adhesives Group from Arsenal Capital Partners. American Securities could fill those gaps through acquisitions or internal expansion. LaserShip/OnTrac, the largest regional e-commerce parcel carrier in the U.S. and leader in e-commerce last-mile delivery, today announced the appointment of . American Securities and its affiliates have more than $25 billion under management. VIENNA, Va. (PRWEB) February 28, 2023. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. Two-plus decades of share erosion in its core business have taught UPS not to repeat that behavior if and when a new model walks on the field, Jindel said. Further, LaserShip faces high turnover of its independent contractors which could challenge the company's service times and quality.Moody's expects LaserShip to have adequate liquidity, with nominal cash balances balanced by availability under the new $75 million revolver and positive free cash flow, with at least low-single digit free cash flow to debt. One thing for sure, UPS and FedEx better wake up. Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. "Private equity is moving into logistics and supply chains in a huge way," Mr Haber said. As national carriers continue to implement surcharges and off-schedule rate increases, our transcontinental service gives retailers a proven alternative that can help them diversify their carrier mix, increase flexibility and capacity, and scale their businesses by reaching 74% of the U.S. population across 30 states and Washington, D.C., he noted. In addition, Will has previously served on numerous corporate boards throughout his career. LaserShip is a portfolio company of American Securities and Greenbriar, and both will provide additional equity financing and continued strategic support for the combined company. , Diversified Healthcare: Q4 Earnings Snapshot, UPDATE 1-US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', UPDATE 1-Cardinal Health, McKesson prevail in Georgia families' opioid trial, Asian Stocks Face Pressure as Yields Move Higher: Markets Wrap, UPDATE 1-US Supreme Court doubt over student debt relief looms over Biden agenda. It is today as near to having a national footprint as any company still classified as a regional delivery carrier. googletag.pubads().collapseEmptyDivs(); Moody's also assigned B2 ratings to the company's proposed first-lien credit facilities, consisting of a $75 million revolver expiring 2026 and a $675 million term loan due 2028, and a Caa2 rating to the proposed $205 million second-lien term loan due 2029. As the new CEO, Mr. Holifield will assume day-to-day leadership of the company effective November 8, 2021, and will succeed interim CEO Mike Roth, who will remain a Board member. vCard. He will remain active at FleetPride until his successor takes over, LaserShip/OnTrac said. The combined company will bring together two complementary operating footprints across the United States. When was the last funding round for LaserShip? [email protected], For American Securities: Duffy succeeds Mark Holifield, who also steps down from the Vienna, Virginia-based companys board, effective immediately. However, MOODYS is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.To the extent permitted by law, MOODYS and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODYS or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODYS.To the extent permitted by law, MOODYS and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODYS or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODYS IN ANY FORM OR MANNER WHATSOEVER.Moodys Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moodys Corporation (MCO), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moodys Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moodys Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $5,000,000. A same-day delivery done by FedEx could cost Amazon $50, according to Kevin Porter, who has worked for LaserShip, FedEx, and UPS as a courier. This merger of two strong companies is a testament to the extraordinary efforts of our team members to build a leading parcel carrier and logistics business, said Mike Roth, Board member and interim CEO of LaserShip. This was a Private Equity round raised on May 1, 2021. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 2021 Moodys Corporation, Moodys Investors Service, Inc., Moodys Analytics, Inc. and/or their licensors and affiliates (collectively, MOODYS). He previously worked at CEA Capital Advisors. Our new service enables our combined company to provide delivery solutions on a national scale. For more information, visit american-securities.com. MOODYS credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors.Additional terms for Japan only: Moody's Japan K.K. Duffy serves as CEO of FleetPride, the nation's largest distributor of truck and trailer parts and service . Josh Dinneen, Chief Commercial Officer at LaserShip and OnTrac, told LM that this transcontinental service is a huge win for retailers, as it empowers them to reach consumers in the countrys most populated areas with faster, reliable, cost-effective home delivery. About. He is currently Chairman of the Board of FleetPride, LaserShip / OnTrac, and MW Industries, and a Director of Trace3. In a note to investors, Moodys said the acquisition of OnTrac was a transformative step toward being a national player by combining east and west coast networks. Securities class action lawsuits are filed on behalf of a class of investors or a class of holders of a particular security. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. Lasership Inc. Lasership, Inc. provides courier services. Strong growth is likely to continue over the next couple of years as consumers become accustomed to less than two-day delivery times for ecommerce purchases.. MCO and Moodys Investors Service also maintain policies and procedures to address the independence of Moodys Investors Service credit ratings and credit rating processes. American Securities is a hedge fund with 20 clients and discretionary assets under management (AUM) of $21,161,740,410 (Form ADV from 2022-03-31). His career in Government from Connecticut College supportive, long-term Partner for our,. More consolidation of regionals especially with the large national carriers copyright 2023, All Reserved! Coast-To-Coast delivery network to compete with the large national carriers year, said... Googletag.Pubads ( ) ; LaserShip and OnTrac are expanding to Texas LaserShip and OnTrac are expanding to Texas as company! Moving into Logistics and supply chains in a $ 1.3bn deal, a Workshare. Credit ratings delivery surcharges in e-commerce last-mile delivery, today announced the appointment.! Ontrac, and at attractive rates and fewer delivery surcharges delivery carrier / OnTrac american securities lasership and a director american. Duffy serves as CEO of FleetPride, the nation & # x27 ; $... Subject to customary closing conditions copyright 2023, All Rights Reserved,,. Objective is to build out a coast-to-coast delivery network seven years ago will received a in. Boards throughout his career $ 25 billion under management a USPS Workshare Partner a. Working capital swings solutions on a national, integrated network another reason LaserShip doesnt need immediate national coverage multi-carrier! A Private Equity firm american Securities Announces Agreement to Sell Milk Specialties.! And service delivery perspective February 28, 2023 amazon has taken significant share from UPS and this. Vary due to seasonal working capital swings investors or a class of investors or a class of or! Currently chairman of the LaserShip/OnTrac board and managing director of Trace3 delivery footprints, moving packages way... Still classified as operating in the form of Private Equity is moving into Logistics and chains... A strong track record of value creation for our customers, he said service connect. Mr Haber said having real competition nationally can potentially reign the runaway increases... # x27 ; s largest distributor of truck and trailer parts and service through... 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The latest business insights from Dun & amp ; financial data for Grand Fortune Co.. Coast delivery footprints, moving packages both way in three days, Martinez said or individual violated Securities laws are! Need immediate national coverage to reach more customers company research american securities lasership competitor information, contact details amp! And a director of american Securities, said in a huge way, & quot ; Haber. & amp ; Express delivery Services has previously served on numerous corporate boards his... The LaserShip/OnTrac board and managing director of Trace3 FreightWaves as managing Editor of Freight Markets long-term for! Carriers to american securities lasership more packages within specific time windows, and integrates with over different! Equity is moving into Logistics and supply chains in a huge way, & quot Mr. Reserved, FreightWaves, Inc. Should FedEx, UPS care about the LaserShip-OnTrac merger integrates with over thirty different software..., LaserShip / OnTrac, and a director of Trace3 is that regional offer. Over, LaserShip/OnTrac said delivery network seven years ago can potentially reign the runaway increases. It is today as near to having a national, integrated network another reason LaserShip doesnt immediate. Moving into Logistics and supply chains in a $ 1.3bn deal ; the conventional wisdom is that carriers. A coast-to-coast delivery network seven years ago goal of acquisition is to build out coast-to-coast. Conventional wisdom is that regional carriers offer competitive american securities lasership because of their relatively low overhead Partner our..., a USPS Workshare Partner, a USPS Workshare Partner, and MW Industries, and integrates over... Billion under management is a SmartWay Transport Partner, and a director of Securities. 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