Gauging The Impact

Cargo Connection Logistics says the recent bankruptcy filings by Delta and Northwest Airlines will have negligible impact on the operations of its wholly owned subsidiary, Cargo Connection Logistics Corp.

Cargo COO/CFO, Scott Goodman, said that the company was owed a minimal amount of money from each airline and will continue to perform business on behalf of the cargo divisions of each airline.

"The good news is that we were owed a minimal amount of money for outstanding invoices and both organizations are making payments within terms," said Goodman. "Moving forward as both companies are in reorganization, we will be paid promptly for any services rendered. Additionally, while Northwest has not named a critical vendor list, we will continue to work with them and prior to its filing we were named a major provider out of New York to their cargo destinations. Presently, we service Delta throughout our transportation network. There definitely appears to be significant opportunity to expand our business with both carriers."

Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 88 employees.

FMI: www.cargocon.com