CrossGlobe Transport, Ltd. Company Profile

Background

Founded in 1951 as Lydall Transport, CrossGlobe Transport, Ltd. has evolved into a premier logistics service provider in the Mid-Atlantic region of the United States. The company's mission is to be the leading distribution company in the Eastern U.S. by offering high-quality, competitively priced services, including drayage, warehousing, distribution, transportation, and logistics. CrossGlobe emphasizes safety, efficiency, and professionalism in delivering products through its comprehensive service offerings.

Key Strategic Focus

CrossGlobe's strategic focus centers on providing end-to-end supply chain solutions tailored to the unique needs of its clients. The company specializes in:

• Drayage Services: Offering multi-terminal capabilities to and from the Port of Virginia, ensuring rapid turnaround times for importing, exporting, and cargo consolidation.

• Warehousing and Distribution: Operating over 500,000 square feet of storage capacity across Virginia, providing state-of-the-art facilities for product transfer, storage, and distribution throughout the Mid-Atlantic U.S.

• Transportation and Logistics: Delivering regional and local truckload (TL), less-than-truckload (LTL), and cross-docking services, with logistics personnel managing shipments through a network of partner carriers.

The company targets industries requiring specialized logistics solutions, leveraging its expertise and infrastructure to meet diverse client demands.

Financials and Funding

As of the latest available data, CrossGlobe Transport, Ltd. has an estimated annual revenue of $7.6 million, with approximately 31 employees. In 2012, the company was acquired by Logistec Corporation, a publicly traded company on the Toronto Stock Exchange, enhancing its service offerings and expanding its operational footprint.

Technological Platform and Innovation

CrossGlobe has invested in advanced technology to enhance service quality and operational efficiency:

• Warehouse Management System (WMS): Enables accurate inventory tracking, integrates with billing and accounting, supports shipment validation, and offers flexible EDI integration with online reporting capabilities.

• Transportation Management System (TMS): Facilitates better coordination of deliveries and pickups, increases utilization efficiency, tracks orders and trucks, and integrates with billing and accounting systems.

These technological investments underscore CrossGlobe's commitment to providing reliable and efficient logistics services.

Leadership Team

The leadership team at CrossGlobe Transport, Ltd. includes:

• Bill Franks Jr.: President & Chief Executive Officer, overseeing the company's strategic direction and operations.

• David Robertson: Chief Financial Officer, responsible for the company's financial management and planning.

Their combined expertise drives CrossGlobe's commitment to excellence and customer satisfaction.

Competitor Profile

Market Insights and Dynamics

The logistics and transportation industry in the Mid-Atlantic region is characterized by robust demand for integrated supply chain solutions, driven by the region's strategic location and significant port activities. Companies offering comprehensive services, including drayage, warehousing, and distribution, are well-positioned to capitalize on this demand.

Competitor Analysis

Key competitors in the region include:

• Rand Enterprises: Offers logistics and transportation services with an estimated annual revenue of $7.9 million and approximately 34 employees.

• National Exterminators: Provides specialized logistics solutions, generating an estimated annual revenue of $6.8 million with around 34 employees.

These competitors focus on various aspects of logistics and transportation, contributing to a dynamic and competitive market landscape.

Strategic Collaborations and Partnerships

In 2012, CrossGlobe was acquired by Logistec Corporation, a move that expanded its service offerings to include stevedoring and additional warehousing capabilities along the East Coast of the U.S. and Eastern Canada. This strategic partnership has strengthened CrossGlobe's market position and enhanced its ability to provide comprehensive logistics solutions.

Operational Insights

CrossGlobe's competitive advantages include:

• Extensive Infrastructure: Over 500,000 square feet of storage capacity and specialized equipment for handling over-weight and heavy import/export containers.

• Technological Integration: Advanced WMS and TMS systems that enhance operational efficiency and customer service.

• Strategic Location: Proximity to the Port of Virginia, facilitating efficient drayage and distribution services.

These factors position CrossGlobe as a reliable and efficient logistics partner in the region.

Strategic Opportunities and Future Directions

Looking ahead, CrossGlobe aims to:

• Expand Service Offerings: Leverage its partnership with Logistec to introduce new services and enter additional markets.

• Enhance Technological Capabilities: Continue investing in technology to improve operational efficiency and customer satisfaction.

• Strengthen Market Position: Focus on building strategic alliances and enhancing service quality to maintain a competitive edge in the logistics industry.