Chairman & Ceo
Transfreight Group Of Companies (Acquired By Penske)
A third-party logistics (3PL) provider of a wide range of logistics services supporting a range of industries and clients including Toyota, General Motors, Bosch, Emerson Electric, Yamaha, Kubota, and Bombardier. Comprised of four legal entities in Canada, US, Mexico. $300 million revenue. 1,200 employees. 30 locations. 2,500 trucks/trailers. 2,000,000 ft2 of facility space.Built and executed a turnaround strategy which addressed numerous financial reporting and corporate governance issues, skyrocketing overheads, significant profit erosion, and critical customer relationship challenges. Dramatically improved safety performance, customer satisfaction, employee engagement, return on invested capital, and profits. Positioned the business for a return to former growth trajectory and to make it appealing as an acquisition target.Key Strategy Focus Areas:Debt restructuring, asset restructuring, customer relationship development, working capital reduction, adjustment of customer commercial terms, replacement of core IT systems, enhanced management reporting (content and timeliness), overhead reductions, employee morale and productivity, forex management.
