Express-1 launches brokerage unit, Bounce Logistics

The Trucker News Services

1/14/2008

BUCHANAN, Mich. — Ground expediter Express-1 Expedited Solutions Inc. has added a new non-asset based brokerage segment, Bounce Logistics Inc., the company said Friday.

The new subsidiary was created to complement Express-1’s portfolio of transportation services. Bounce Logistics, Inc. will be based in South Bend, Ind., and focus upon dedicated fleet services, full-truckload (semi) offerings, supply chain consulting and custom warehousing solutions, according to the company.

Bounce will be lead by a team of industry veterans, with Tim Hindes as president of Operations and Kurt LaDow as vice president of Operations. Hindes and LaDow have a combined thirty-five year history in the transportation industry, with Hindes having spent approximately 10 years managing start-ups and turnarounds within this sector.

“With the creation of Bounce, we are positioning the company to further add value to our core customer base by covering some of the additional high-priority needs of our customers, beyond the traditional expedited model,” Express-1 Expedited CEO Mike Welch stated. “We expect Bounce to generate between $5 million and $6 million of additional revenue in 2008 and be profitable within the first year of operations.”

Bounce is the first result of a shift in focus to business development and acquisitions, Welch added.

Express-1 Expedited Solutions offers same-day, time–sensitive, and dedicated transportation to more than 1,500 customers in the 48 states and portions of Canada and Mexico. Express-1 utilizes an asset light operating model working with independent contractors that live throughout the country.