Integrated Freight Corp. on Wednesday, Oct. 5, announced that it has initiated the first phase of its capacity expansion plan following the execution of its agreement with Hillair Capital Investments. Integrated Freight says the agreement will enable it and its four operating subsidiaries to begin the growth of its capacity base by more than 30 percent in the next several months.
“Historically, Integrated Freight has grown through acquisition, and this organic growth is a healthy way to meld our companies into a single unit and, more importantly, to improve our ability to care for our customers’ needs,” says Paul Henley, chief executive officer of the Sarasota, Fla.-based company.
Integrated Freight’s four business units serve niche markets ranging from refrigerated organic produce to specialty paper to hazardous waste. “The combination of strong demand in our primary markets and our continued low driver turnover rate signal the perfect opportunity to grow the business organically,” says Hank Hoffman, president.