My FREIGHTWORLD TECH (PINK: MYFT) shares climbed today on word the company has received a contract from Schneider National, a provider of transportation, logistics and intermodal services, to provide its suite of enterprise transportation execution and Web-based logistics management tools.
Per the agreement, MYFT will help support Schneider Nationals plans to further expand its LTL or Less-than-Truckload client base as well as offer MYFT’s value-added capabilities to its existing clients. The company expects its managed revenue business to increase by approximately $25 million based on recent contract additions. The company projects that total managed revenues for 2011 to be $60 million.
MYFT also joined the SmartWay Transport Partnership, collaboration between the U.S. Environmental Protection Agency and the transportation industry. The company�s goal is to significantly reduce greenhouse gases and air pollution by improving the performance of U.S. freight operations.
The company launched Clear Visibility nationally, a new addition to its Cloud Computing Service Oriented Architecture, which provides back office transportation logistics and load management tools. The Clear Visibility service module offers a comprehensive set of online tools that enables third-party logistics managers and motor carrier customers to seamlessly customize and manage their back office freight load operations.
The company provides transportation solutions to over more than private labels and serves eight of the top 50 largest 3PLs (third-party logistics managers) in North America. The contract awards include a previously announced vendor agreement with Schneider National, a global leader in truckload, logistics and intermodal services.
MYFT stock is currently trading at $11.19. The stock is down 0.36% from its previous close. MY FREIGHTWORLD TECH touched the high of $11.19 and the stock�s lowest price in today�s session is $11.13. The company stock�s beta is 0.63.
The company stock has traded in the range of $9.60 and $14.94 during the past 52 weeks. The company�s market cap is $9.34 billion and its P/E ratio is 15.97.
� Want buy and sell signals? Premium newsletter, 15% off annual subscription – sign up today!
� Need fast service and cheap rates from a broker? Click here to see my favorite place to trade MYFT
� Want more? Check out the message board buzz for MYFT
� See which newsletters are recommending this stock pick
� Get breaking news alerts on this stock: http://www.thestockmarketwatch.com/
No comments:
Post a Comment