Market Position and New Contracts
Proficient Auto Logistics added 3 new contracts since August 2024, with increased renewal activity for 7 meaningful contracts, mostly with 3-year terms and one with a 5-year term.
Cost Synergy Achievements
Identified cost synergies in fuel, tires, and parts with national contracts in place, targeting $8 million to $10 million in annualized savings.
Fleet and Technology Investments
Added 66 truck and trailer units to the fleet, an increase of approximately 10%, and technology investments are 75% complete in the transportation management system.
Acquisition Integration
The acquisition of Auto Transport Group was completed and is expected to contribute approximately 10% of the company's revenue in the current quarter.