TLSS - Shares Pop Following Logistics and Transportation Expansion into New England

2023-08-22 11:01:25 ET

%Logistics and transportation services are expected to continue their growth due to the persistent strength of the e-commerce industry. This company has several wholly-owned subsidiaries engaged in this space, and is seeing growth across the Northeast. TransportationandLogisticsSystems (OTC PINK: ), the parent company of certain wholly-owned operating subsidiaries that provide a suite of logistics and transportation services, announced in a press release today the launch of expanded services into New England with an existing customer.

According to Sebastian Giordano, Chairman and CEO of TLSS, "In our 1Q release, I mentioned the fact that I anticipated operations rolling-out a series of new organic initiatives that we expect will improve revenue and operating results in the months ahead. … This is the first in what we believe will be a series of exciting and significant new developments for the Company and a great example of what is possible when you combine both elements."

Shares were trading up at $0.0014 in morning trade.