Uplisting Highlights Continued Progress of the Company’s Turnaround Plan
JUPITER, FL / ACCESSWIRE /September 1, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS)(OTCQB:TLSS), (“TLSS”, or the “Company”), a full-service logistics and transportation provider, today announced that on August 31, 2021 its common stock was approved for quotation on the OTC Markets Group, Inc.’s OTCQB® tier Venture Market (the “OTCQB”) under the symbol “TLSS,” effective as of the open of trading on September 1, 2021.
According to CEO John Mercadante, “Uplisting to the OTCQB is an important milestone for the Company and yet another indication that the restructuring and turnaround plan implemented in 2020 has the Company headed in the right direction. We believe that the broader exposure generally afforded by the OTCQB has the potential to increase our visibility within the investment community and assist in broadening our stockholder base.”
The OTCQB is the middle tier of the over-the-counter market for US stocks and is designed for early-stage and developing companies located both in the United States and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting, undergo an annual verification and management certification process and meet other requirements. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.
About Transportation and Logistics Systems, Inc.
TLSS, through its wholly-owned operating subsidiaries, Shyp FX, Inc. and Cougar Express, Inc., operates as a full-service logistics and transportation company.
For more information, visit the Company’s website, http://www.tlss-inc.com/.
Statements in this press release regarding the Company that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not directly or exclusively relate to historical facts. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “intend,” “plan,” “goal,” “seek,” “strategy,” “future,” “likely,” “believes,” “estimates,” “projects,” “forecasts,” “predicts,” “potential,” or the negative of those terms, and similar expressions and comparable terminology. These include, but are not limited to, statements relating to future events or our future financial and operating results, plans, objectives, expectations and intentions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not be achieved. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to known and unknown risks, uncertainties and other factors outside of our control that could cause our actual results, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. In addition to the
💭 Tim Tibbs, Director of Operations East
“Here in Bethlehem, we have been supplying Oxygen to the hospitals in New York City and New Jersey. All of our drivers have stepped up their game and have gone above and beyond without question.
Two drivers, in particular, have shared stories with me that made them feel something they never felt before.”
1️⃣ Tim Barnes was delivering in New York City and the fire department was clearing a call. When they noticed our truck coming down the street, they stood together and clapped and gave our driver a thumbs up because they knew he was delivering Oxygen to the hospitals.
Tim said, “As I drive by the firehouse, I look at them as heroes and when they cheered as I drove by, I felt like I was the hero. I was honored to have them do that. It made me feel like everything we are doing is worth it.”
2️⃣ Corey Koerner shared a story of a doctor coming out in full PPE as he was leaving finishing his delivery at the hospital. The doctor asked if he was there to deliver Oxygen. When he replied that the delivery had already been made and he is on his way out, she began to jump with joy. Corey stated, “It made me feel good to know that what I am doing is appreciated by the ones needing it.”
Tim closed by stating, “Although truck drivers are not usually looked at as being in the same class as public servants such as fire, EMS, or doctors, without our drivers doing what they do, those services would not be able to operate.
Others that need recognition through this are the Mechanics that are keeping the equipment running. Without them, the entire system can shut down.
I just want to end in saying I am very proud of the team in Bethlehem, and KAG, as a whole for stepping up through this crisis.”
Together we are #KAGStrong. …
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Graduating with a degree in transportation and logistics will leave you with no shortage of career paths. Not only
are logistics utilized by a wide variety of institutions (everything from global corporations to city governments),
the transportation and logistics industry is made up of many different parts that perform very different functions.
These are just eight of the possible careers you could pursue with a degree in transportation and logistics:
Analyst is the most common entry-level logistics position. Analysts are responsible for gathering and analyzing data
to look for problems. Good math and computer skills are generally required for these positions; thriving in a team
setting is also important, as analysts are expected to recommend solutions to their supervisors. Although it is an
entry-level position, an analyst’s tasks become more varied and complex as he or she accumulates experience. The
basic understanding of logistics planning that one acquires as an analyst is useful in many more-advanced positions.
A successful analyst might find himself promoted to Logistics Engineer. The tasks of an engineer are related to those
of an analyst: engineers evaluate the supply chain and logistics systems for trends or problems using computer
systems and mathematics. While analysts make recommendations, however, engineers are responsible for implementing
solutions. They manage their own projects as well as those of analysts, and must be able to write technical
proposals for their plans. Management becomes an important part of many transportation and logistics careers.
Consultants work directly with clients devising and implementing logistics solutions for specific problems. This
often requires the consultant to be a free agent of sorts, moving from city to city solving problems; many
consultants, however, find this challenge to be rewarding. Project management is a key part of consulting work;
consultants must manage data to find solutions, oversee the implementation of those solutions, and ensure that
clients understand basic supply-chain needs for independence moving forward.
Customer service specialists are not required to have college degrees or entry-level knowledge of logistics, but the
best customer service usually features both. Whether acting as a sales team or managing existing clients, customer
service acts as an intermediary between clients and the rest of the logistics team. A client’s needs and concerns
must be relayed to engineers or managers; likewise, if there is a problem of logistics, the problem and its solution
must be communicated to the client. Therefore, a knowledge of logistics offers both clients and customer service
representatives a greater grasp of the situation. As with other positions, successful customer service eventually
leads to a management position responsible for establishing procedures for the entire customer service team.
Not every company that employs logistics professionals will employ a purchasing manager. Carriers such as UPS, FedEx,
and USPS, for instance, distribute goods or products that are ready to be sold, or already have been. Manufacturers,
however, must acquire resources and materials and have them delivered for production. Purchasing managers find
materials suppliers across the world, sign
What is Transportation and Logistics Management?
According to Wikipedia, transportation is defined as the movement of people, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline and space. The field can be divided into infrastructure, vehicles and operations. Transportation is important since it enables trade between people, which in turn establishes civilizations. I find it an interesting point that transportation is an enabler of civilization, but this makes sense, as it enables the ability to trade and communicate.
According to the APICS dictionary, logistics is defined as 1) In an industrial context, the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities. 2) In a military sense (where it has greater usage), its meaning can also include the movement of personnel.
The Council of Supply Chain Management Professionals (CSCMP) defines logistics as the process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. This definition includes inbound freight management, outbound, internal, and external movements.
After Asking “What is Transportation and Logistics Management?” Do you Think They are the Same Thing?
If you have read the above academic definitions, you will see that that after Asking “What is Transportation and Logistics Management” it seems rather easy to see the difference between the two.
Transportation is the driver of logistics, but logistics is the race car driver in the seat of transportation. In fact, it’s easy to see from that sentence alone, the pure difference. Logistics requires planning, transportation is just the mode to execute the planning, when getting freight from point A to point B. Clearly, they are not the same thing, but transportation is just simply a part of logistics. When it comes to logistics, logistics executives must make further decisions beyond the mode of transportation to include:
- Importing and Exporting Regulations
- Freight Claims Management
- Choosing the correct LTL freight classLTL freight class for your shipment
- Working & collaborating with other executives within the supply chain
- Managing vendors and partners
- Responsible for mitigating risk and mitigating expenditures
This is another reason it is vital within the logistics departments of both small and large businesses, that executives don’t see software, such as transportation management system software, as the end all be all of logistics management. TMS software is helpful, but as you can see, beyond transportation procurement and management via software, there are many things a logistics executive faces.
Often, outsourcing logistics to an expert provider, who can not only offer software, such as a transportation management system, but also integrated services to deal with accounting, claims, and building custom inbound freight programs will allow logistics executives to have more meaningful collaborations with others in the supply chain and company at large.
Rather than focusing on all
Transportation is a major contributor to the economy and a competitive force in business. It is the activity that physically connects the business to its supply chain partners, such as suppliers and customers, and is a major influence on the customer’s satisfaction with the company. This chapter illustrates the role of transportation in the logistics function, the supply chain, and the larger economy.
This chapter is from the book
Transportation is among the more vital economic activities for a business. By moving goods from locations where they are sourced to locations where they are demanded, transportation provides the essential service of linking a company to its suppliers and customers. It is an essential activity in the logistics function, supporting the economic utilities of place and time. Place utility infers that customers have product available where they demand it. Time utility suggests that customers have access to product when they demand it. By working in close collaboration with inventory planners, transportation professionals seek to ensure that the business has product available where and when customers seek it.
Transportation is sometimes to blame for a company’s inability to properly serve customers. Late deliveries can be the source of service problems and complaints. Products might also incur damage while in transit, or warehouse workers might load the wrong items at a shipping location. Such over, short, or damaged (called OS&D) shipments can frustrate customers, too, leading to dissatisfaction and the decision to buy from a competitor for future purchases.
However, when a company performs on time with complete and undamaged deliveries consistently, this can instill customer confidence and gain business for the company. When a company instills confidence in service performance, it can make customers more reluctant to succumb to competitors’ bids to steal business away through clever promotions and reduced prices.
Aside from its service ramifications, transportation can also represent a substantial cost for the business. The cost of transportation can sometimes determine whether a customer transaction results in a profit or a loss for the business, depending on the expense incurred in providing transportation for a customer’s order. Faster modes of transportation generally cost more than slower modes. So although shipping an order overseas by airplane is much faster than transporting by ship, it can cost as much as 20 times more. Such a cost difference might not justify the use of the faster way of transporting the goods. Supply chain managers must therefore carefully consider the cost of transporting goods when determining whether to move product and how to move product in the most economical manner.
This book supports the learning objectives of the Transportation Management module (Learning Block 5) of the Council of Supply Chain Management Professionals (CSCMP) SCPro Level 1 certification. These objectives are stated as follows:
- Describe the basic concepts of transportation management and its essential role in demand fulfillment.
- Identify the key elements and processes in managing transportation operations and how they interact.
- Identify principles and strategies for establishing efficient, effective, and sustainable
Prepare to become a leader in the dynamic sector of transportation and logistics within the supply chain management field. The University of Washington online Master of Supply Chain Transportation & Logistics degree boosts your knowledge and skills and helps you forge connections to accelerate your career.
Faculty and a graduate from the Master of Supply Chain Transportation & Logistics describe the curriculum and how the program helps students advance their careers.
Study a Cutting-Edge Curriculum
Through our engineering-based curriculum, you’ll gain the analytical tools and abilities you need to manage the increasing demands of the global supply chain industry.
Advance Your Career Prospects
Grow your professional network, get paired with a mentor and expand your career opportunities with a master’s degree from a top-ranked, world-class university.
Find Out About Careers
Enjoy Flexible Online Learning
Take advantage of online instruction in a part-time program tailored for working professionals. Use interactive classroom technology to connect with your instructors and fellow students.
Explore Online Learning
Learn from World-Class Faculty
Learn from UW faculty and senior supply chain professionals and industry leaders with extensive knowledge and experience working on real world supply chain management issues.
Read About Faculty
Our graduates report that their degree has helped accelerate their careers.
Data based on responses to a survey sent to 2015-2018 graduates.
“New technologies and business innovations are transforming transportation and logistics, and this degree program keeps supply chain professionals ahead of the curve.”
— ANNE GOODCHILD
Professor and Academic Director
Master of Supply Chain Transportation & Logistics
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The competency model framework for the transportation, distribution and logistics industry was developed through a collaborative effort involving the Employment and Training Administration (ETA), the U.S. Department of Transportation (DOT), and leading industry and labor organizations.
To ensure that the model reflects the knowledge and skills needed by today’s transportation, distribution and logistics workforce, ETA worked with DOT and industry stakeholders to update the original Model. Completed in February 2014, the updated model features a new Tier 5 providing background on specific transportation sectors and a reorganization of Tier 4, as well as several updated competency areas.
In 2018, the model was revised to incorporate foundational workplace health and safety skills from the National Institute for Occupational Safety and Health’s (NIOSH) Safe • Skilled • Ready Workforce Program designed to help protect America’s workforce and create safe, healthy, and productive workplaces. For more information, download the Summary of Changes.
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