Integrated Freight Corporation (IFCR) on the Move

Phoenix, AZ – (UPTICK Newswire -August 13, 2015) – (OTC: IFCR) Integrated Freight Corporation, providing long-haul, regional and local motor freight service, has been making news with the release of promising earnings results:

“For the fiscal year ended March 31, 2015 the Company achieved total revenues of $18,970,809, representing a slight decrease when compared to the previous year due largely to reduced fuel surcharges related to lower market diesel fuel prices and somewhat weaker seasonal demand. Total Operating Expenses were down 7.4% for the year as compared to the previous year, resulting in a loss from operations of $91,321 as compared to the prior year loss from operations of $429,650, an improvement of $338,290. General and Administrative costs, a key to the Integrated turnaround thus far, remain low and continue to set the tone for future business results improvements. Exclusive of non-operating income and expense, the Company posted an EBITDA of $1,181,830 for the year ended March 31, 2015 as compared to $867,533 for the previous year, a very strong increase of 36.2% increase. An improvement of approximately $2,500,000 in the Company’s working capital position, primarily influenced by a reduction in notes payable of the same amount. Similarly, the net equity position of the Company was increased by approximately $2,000,000.”

https://finance.yahoo.com/news/integrated-freight-delivers-end-results-151953279.html

Beyond all of the recent press, Integrated released more news today giving an overview of how the company plans to adapt and prosper: “in the ever-changing truckload transportation landscape…  David N. Fuselier, CEO of Integrated Freight, stated, “We believe that the current truckload industry environment is substantially improving since the recession and that IFCR is well-positioned to take advantage. According to industry publications, June was clearly the best month of 2015 in terms of rising cargo demand, prices and margins. Although labor prices have risen sharply for the general truckload sector, this added cost for truckers has been offset by much lower fuel expense through most of 2015 relative to the previous four years’ fuel prices. As a result, we know the stage is set for the truckload sector to perform extremely well over the foreseeable future…. According to Journal of Commerce, truckload industry capacity is up 7.4% year-over-year and is finally back above its 2007 pre-recession peak,” stated Hank Hoffman, IFCR’s president. “However, operating results at many of the large general truckload carriers are down substantially due to the large driver pay increases taken to attract capacity.”

https://finance.yahoo.com/news/ifcr-discusses-truckload-industry-fundamentals-174612338.html

Uptick Newswire will be watching IFCR’s progress over the coming weeks. We’re expecting continued growth.
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