Fidelitone Logistics Reports Strong Start in 2010
Media Contact:
Jill Morino
(847) 469-6201
jmorino@fidelitone.com
For Immediate Release
Fidelitone Logistics
Reports Strong Start in 2010
3PL-Industry Leader Experiences Prosperity in Challenging
Times
Wauconda, Ill. (July 22, 2010) - Fidelitone Logistics, an industry leader in 3PL and supply chain performance, marked the first half of 2010 with continued growth amid challenging economic conditions.
New Customer Contracts and Renewals
Within the first six months of 2010, Fidelitone Logistics signed
eight new contracts and renewals with six existing customers. The
contracts vary from freight management, product sourcing and order
fulfillment to "white glove" delivery and inventory management and
control.
"We treat our customers' business challenges as our own and continually strive for process improvements that deliver bottom-line results," says President Josh Johnson. "The diversity of services reflected in these new and renewed contracts is a validation of our ever-expanding service offerings and our commitment to continually developing satisfied customers."
Expanding Geographic Reach
Fidelitone Logistics also opened new locations in Washington, D.C.,
and San Diego, Calif., to better serve demand in these markets,
bringing the company's nationwide reach to 28 locations.
Acquisition Completed
In May, Fidelitone announced the acquisition of New Mexico-based
AADF Warehouse. This move bolsters Fidelitone's position in the
Southwest market and adds key customers in the medical devices,
alternative energy and building products markets. This is
Fidelitone's fourth acquisition in the last 24 months.
Industry Awards and Recognition
In recognition of its strength and position in the marketplace,
Fidelitone Logistics has also been honored with five awards in
2010:
- Crain's Chicago Business List of Top Chicago-Area Privately Held Companies
- Crain's Chicago Business Fast Fifty
- CDS Logistics' Agent of the Year award
- 2010 Supply & Demand Chain Executive 100
- Supply & Demand Chain Executive 2010 Pros to Know (for Johnson)
"While many companies and industries continue to struggle in these tough economic times, we are proud to say that we continue to lead the pack," said Executive Vice President Mike Schoenfeld. "We have a reputation for delivering value, which is reflected by the flurry of business activity and success in the first half of this year."
ABOUT FIDELITONE LOGISTICS
An industry leader in 3PL and supply chain performance, Fidelitone
Logistics delivers value-added solutions that exceed the scope of
our competition and the expectations of our customers. As a
logistics innovator since 1929, the company's expertise includes:
Inventory Management, Global Sourcing, Warehousing &
Distribution, Transportation Management, Print & Packaging,
White Glove Delivery and Reverse Logistics. Headquartered near
Chicago, Fidelitone Logistics is a privately-held company with more
than 25 locations and 600 employees throughout the United States.
To date, more than 1 million shipments are managed by Fidelitone
Logistics each month, for a variety of customers ranging from
Fortune 100 companies to start-up organizations. For more
information, please visit www.fidelitone.com.
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