Strategic Alternatives Review Process
The strategic review process is ongoing with discussions involving multiple interested parties for maximizing value, potentially through a sale, merger, or strategic transaction.
Operational and Leadership Alignment
The strategic review process has strengthened organizational alignment and leadership, resulting in positive period-over-year results despite challenging market conditions.
One Ground Network Initiative
The creation of the One Ground Network has unified U.S. and Canadian operations, leading to operational efficiencies and improved service delivery.
Tech Stack Rationalization
Significant progress in rationalizing the tech stack, including moving to a single ERP system, expected to improve efficiencies, data-driven decisions, and cost savings.
Consistent EBITDA Performance
Reported consolidated EBITDA of $78 million, consistent with $77 million in the previous quarter, supported by cost reduction initiatives.
Omni Logistics Segment Growth
Achieved highest revenue and EBITDA since acquisition, with revenue increasing by $12 million to $340 million and EBITDA increasing by 22% year-over-year.
Cash Flow and Liquidity Improvement
Reported $53 million in cash provided by operations, a $2 million increase year-over-year, with total liquidity increasing by $45 million to $413 million.