Transportation and Logistics Systems Inc. (OTCMKTS:TLSS) has appointed Mr. Justin Frey as its Chief Operating Officer, as announced on September 13, 2022. He began his stint in transportation and logistics, all the way back in 1989, with Consolidated Freightways, when it was the nation’s largest long-haul trucking company. He was a customer service representative and held numerous positions there, including dispatcher, dock supervisor, sales executive and terminal manager.
Trading Data
On Tuesday, TLSS stock moved down 3.62% to $0.0066 with more than 6.61 million shares, compared to its average volume of 5.51 million shares. The stock moved within a range of $0.0065 – 0.0070 after opening trade at $0.0068.
TLSS Hires Justin Frey as its Chief Operating Officer
From 2013 to 2018, he worked for FFE Transportation, one of the largest temperature-controlled National LTL transportation companies with revenues of more than $150 million, serving as terminal manager in California and Illinois before being promoted to Eastern Region Director of Operations. Mr. Frey worked as Director of Operations from 2018 to 2019, with Dicom/Eastern Connection, a $40 million regional overnight small package carrier. Most recently, he was Vice President of Operations with LandAir, the largest privately held LTL carrier in New England, along with PDS, LandAir’s TL subsidiary, with revenues of $40 million.
Mr. Sebastian Giordano, CEO, states that Justin’s proven record in the transportation and logistics industry, along with his expertise in all aspects of dry and temperature-controlled LTL, TL and parcel transportation, will be invaluable to the company, going forward.
Key Quote
According to Mr. Sebastian Giordano, “Justin is a proven sales and operations industry professional, proficient in all aspects of dry and temperature-controlled LTL, TL and parcel transportation. As we prepare for growth and expansion through acquisitions, it is imperative that the Company have an experienced and seasoned industry executive to ensure operational excellence, successful integration and profitable organic growth.
Technical Data
TLSS stock is trading below the 20-Day and 50-Day Moving averages of $0.0069 and $0.0064 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0098. The company has a total market capitalization of $22.42 million.
