We are excited to welcome Spectrum into the Interstate family effective January 1, 2015.
This shift will allow Spectrum to benefit from Interstate’s network of drivers and transportation infrastructure. From Spectrum, Interstate will receive added capacity to their newly developed brokerage division, Interstate Distributor Logistics (IDL) as it seeks to expand services and business throughout the southeast.
Together, this relationship will provide both companies an even better opportunity to grow revenues, leverage trucking expertise and join forces to pursue a third-- party strategy all while continuing to support Sea Star Line. The combined companies will have the scale, breadth, capabilities and resources to compete most effectively and profitably in the marketplace.
In the near term, business will carry on as usual with one reporting change. Effective today, Greg Tuthill will report to James Reed, CFO of Interstate and President of IDL.
Spectrum employees will be working with Greg and James to develop a detailed plan to address the key elements of the transition. Through the process, Interstate and Saltchuk are committed to ensure you remain informed of direction and timing through regular updates from key Interstate leaders and Spectrum management.
We appreciate your ongoing support and focus through this transition.