Trailer Bridge Awarded Multi-Year Agreement With DaimlerChrysler Corporation
26 December 2000
Trailer Bridge Awarded Multi-Year Agreement With DaimlerChrysler Corporation
JACKSONVILLE, Fla.--Dec. 26, 2000--Trailer Bridge, Inc. (NASDAQ National Market: TRBR) has been awarded a multi-year agreement with DaimlerChrysler Corporation to be the exclusive carrier for new vehicles moving from the U.S. mainland to Puerto Rico. The new agreement is the result of DaimlerChrysler's Global Tender 2000 Process and is for three years with an option for two additional years upon mutual agreement. DaimlerChrysler vehicles that are sold in Puerto Rico include the Chrysler Line, Mercedez Benz including M-class and Freightliner Heavy Trucks.Trailer Bridge has had a growing relationship with Chrysler since 1993 and Mercedez Benz since 1994. The Global Tender 2000 Process commenced in the first quarter of 2000 when DaimlerChrysler requested and reviewed proposals from major ocean carriers serving their combined vehicle markets around the globe.
Ralph Heim, Trailer Bridge's President and Chief Operating Officer, said, "New cars are among the most valuable type of cargo that moves by water and they require a quality, consistent freight conveyance system. It is gratifying to our whole team that DaimlerChrysler recognizes the benefits our unique system brings to them. We look forward to continuing to build upon this successful business relationship."
Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico, bringing efficiency, environmental and safety benefits to domestic cargo in that traffic lane. This total transportation system utilizes its own trucks, drivers, trailers, containers, U.S. flag vessels and marine facilities in Jacksonville, New York and San Juan. Trailer Bridge's founder and majority stockholder is Malcom P. McLean, the transportation pioneer who invented containerization forty years ago. Additional information on Trailer Bridge is available at the www.trailerbridge.com website.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters discussed in this press release include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward looking statements as a result of various factors. Without limitation, these risks and uncertainties include the risks of economic recessions, changes in demand for transportation services offered by the Company, and changes in rate levels for transportation services offered by the Company.