Posts by robin.harter@cofclogistics.com

COFC Logistics Fleet Growth Plans

August 31st, 2022 Posted by News 0 comments on “COFC Logistics Fleet Growth Plans”

COFC Logistics is pleased to provide an update on our fleet expansion. Our current fleet size in the U.S. is 6,000 containers with 2,500 additional containers arriving by the end of the year. We will take delivery of up to 1,500 more containers by the end of Q1 – 2023.

We are in discussions with many of you, our customers, regarding growth with existing BCO’s as well as conversion business based on the industry changes coming in January. We are continuously evaluating our network based on customer interest and feedback.

Our founder and CEO, Garry Old shared with JOC.com on April 22, 2022: “with changes looming in the marketplace, we feel the time is right to expand our fleet. We have been experiencing significant demand for our service,” he said. “As we move through 2023 and 2024 and the demand continues to increase, we will add up to 10,000 additional containers to our fleet.”

Robin Harter, Vice President adds: “with increased staff in operations, accounting, and sales we are prepared for the planned increase in volume. COFC continues to make customers the priority with technology enhancements in both Operations and Pricing, including the upcoming launch of a new Customer Service Portal.  These process enhancements and customer support tools allow COFC Logistics to maintain its high level of customer service. We look forward to supporting our customers now and in the future.”

We have expanded our sales team to include Clinton Bell. Clinton will be covering the western region of the country, west of the Missouri River, while Geoff Smock will be covering the eastern region of the country, east of the Missouri River.

Please contact the sales team with any opportunities that you may have:

Geoff Smock – Assistant Vice President – Sales & Marketing and Eastern Region
Email: geoff.smock@cofclogistics.com or phone (630) 470-0016

Clinton Bell – Director of Sales – Western Region
Email: Clinton.bell@cofclogistics.com or phone (530) 206-6115

 

Thank you for your continued growth and support!

Garry Old

President/CEO

Clinton Bell joins the COFC Sales Team!!

July 20th, 2022 Posted by News 0 comments on “Clinton Bell joins the COFC Sales Team!!”

COFC Logistics is proud to announce that effective July 18, 2022, Clinton Bell has joined our sales team as Director of Sales – Western Region.

Clinton has worked in the intermodal industry since 1984. Since starting his career with the Norfolk Southern Railway, he has held positions in operations, accounting, and sales in both the retail and wholesale sides of the industry. He also has experience operating systems design, expansion into new markets as well as writing policies and procedures. His passion for growth and desire to expand his market reach led Clinton to be an expert in the Mexico intermodal market. He is known for being a customer advocate while supporting corporate goals and objectives.

Clinton will report to Geoff Smock, AVP – Sales and Marketing. “Adding Clinton to our team will not only strengthen existing COFCL customer relationships but supports our aggressive growth plans as we add 7,200 new containers in 2022 and 2023.” states Geoff.

Please take a moment to welcome Clinton to the COFC Logistics Team. Clinton can be reached at clinton.bell@cofclogistics.com or by phone at 530-206-6115

CFQU Fleet Expansion – 2022

May 3rd, 2022 Posted by News 0 comments on “CFQU Fleet Expansion – 2022”

BNSF partner COFC Logistics buying 5,500 domestic containers

Ari Ashe, Senior Editor | Apr 22, 2022 2:27PM EDT

COFC sells containers and train capacity to non-asset intermodal marketing companies which in turn sell the services to intermodal shippers. Photo credit: Ed Varnado/Visions of Ed.

COFC Logistics, a domestic intermodal provider partnered with BNSF Railway, is purchasing 5,500 containers that will be delivered over the next 12 months, a move designed to provide an alternative for shippers who do not want to follow Schneider National’s move to rival Union Pacific Railroad next year. There is a market for an alternative, as multiple shippers told JOC.com at TPM22 last month that they were leery about following Schneider to UP because they favor BNSF. Schneider announced in January that it’s leaving BNSF at the end of this year to join UP, following a similar move from APL Logistics and Knight-Swift Transportation this Jan. 1. It’s a major shift because Schneider owns 25,000 domestic containers, the third largest in the US behind J.B. Hunt Transport Services and Hub Group.

J.B. Hunt last month announced plans to increase its container pool by 40 percent to 150,000 containers within the next three to five years, hoping to lure shippers back to BNSF. COFC CEO Garry Old said Friday the company will own 10,000 containers after this current order is fulfilled, providing yet another BNSF option. Unlike J.B. Hunt, COFC does not sell directly to shippers, but sells containers and train capacity to non-asset IMCs that in turn work with shippers. “With changes looming in the marketplace, we feel the time is right to expand our fleet,” Old told JOC.com, adding COFC will then double its fleet size again within the next three years.  “We have been experiencing significant growth and demand for our service,” he said. “As we move through 2023 and the demand continues to increase, we will add up to 10,000 containers to our fleet.”

Some shippers want to work with smaller non-asset intermodal marketing companies (IMCs) partnered with COFC. The small to mid-size IMCs can deliver more access to decision-makers than at a large IMC. And some shippers do not have enough volume to pique the interest of large IMCs. Non-asset IMCs may consider the COFC-BNSF option as they find it harder to secure capacity on UP trains using rail-owned containers known as UMAX and EMP boxes. As large IMCs have grown their container fleet 17 percent year over year as of March 31, the rail-owned container fleet has shrunk 2.7 percent, according to Jason Hilsenbeck, founder of Drayage.com and LoadMatch, which tracks domestic container pools. Train capacity could increasingly go to Hub, Schneider, STG Logistics (formerly XPO), and Swift Intermodal, pushing out small and mid-sized IMCs and forcing them to search for alternatives similar to the COFC-BNSF partnership. Still, UP has cited investments into the UMAX and EMP containers as evidence it will not abandon any customers.

BNSF expansion

BNSF is building out its intermodal network to accommodate the growth strategies of J.B. Hunt and COFC. Crews are building 400 additional parking spots at the BNSF Cicero terminal outside of Chicago and 1,100 additional spots at BNSF’s Alliance terminal outside of Dallas. Both projects will be completed before the end of this year. Parking spots are part of BNSF’s “wheeled terminal” model in which overhead cranes take containers off trains and place them onto chassis, and then a yard hostler moves the combined units to parking spots. A truck driver later comes into the terminal to hook up to the chassis. When terminal operations are fluid, a wheeled terminal often provides a faster turn time than a traditional grounded terminal.  Additional parking spots should allow BNSF to handle more containers per day. BNSF is also widening or adding more tracks in Arizona, Texas, and Kansas to support more intermodal trains.

Contact Ari Ashe at ari.ashe@ihsmarkit.com and follow him on Twitter: @arijashe.

CFQU Fleet Expansion – 2021

September 10th, 2021 Posted by News 0 comments on “CFQU Fleet Expansion – 2021”

At COFC Logistics, we have been adding containers throughout the year to support our capacity commitments and existing SPQ demands. By the end of September our fleet will be 3,435 containers. We have an additional 1,000 new containers being built in October. These containers will increase our fleet to 4,435 by the end of 2021. Throughout Q1 and by the end of Q2 of 2022, we will have expanded our fleet to 5,435 containers.   We sincerely appreciate your continued support and look forward to growing with everyone.

COFC Logistics is recognized by Inc. Magazine

September 21st, 2020 Posted by News 0 comments on “COFC Logistics is recognized by Inc. Magazine”

COFC Logistics has been recognized, for the second time, as one of America’s Fastest-Growing Private Companies by Inc. Magazine. In addition to our national ranking, we were also ranked:

#38 in the State of Ohio

#57 in Logistics & Transportation

#94 in the Midwest

I want to thank all of you for your continued support. We could not achieve this growth without the dedicated effort and support from everyone.

Below is a link to the full press release:

Inc. 5000 COFC Press Release

COFC Ranks 94 on the Inc. Magazine’s Fastest-Growing Companies: Midwest

May 11th, 2020 Posted by News 0 comments on “COFC Ranks 94 on the Inc. Magazine’s Fastest-Growing Companies: Midwest”

        

The Inc. 5000 Series: Midwest

 COFC Logistics, LLC Ranks No. 94 on the inaugural 2020 Inc. 5000 Series: Midwest With Two-Year Revenue Growth of 194 Percent

 

NEW YORK, March 25, 2020Inc. magazine today revealed that COFC Logistics, LLC is No. 94 on its inaugural Inc. 5000 Series: Midwest list, the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment—its independent small businesses.

“This recognition by Inc. magazine honors the hard work of the COFC team and would not be possible without the continued support of our customers. They are the backbone of our success” says COFC’s Founder and President Garry Old. “In addition to general Midwest ranking, COFC is ranked #10 in the Logistics & Transportation industry sector.”

The companies on this list show stunning rates of growth across all industries in the 12 Midwest states. Between 2016 and 2018, these 250 private companies had an average growth rate of 360 percent and, in 2018 alone, they employed more than 27,000 people and added $13 billion to the Midwest’s economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.

Complete results of the Inc. 5000 Series: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-midwest-2020 starting March 25, 2020.

“The companies on this list demonstrate just how much the small-business sector impacts the economies of each Midwest state,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”

More about COFC Logistics:

COFC Logistics is an independent supplier of intermodal equipment and ramp to ramp service specializing in 53’ containers. COFC’s service was designed exclusively for IMC’s, 3PL’s, Brokers, Motor Carriers and other intermediaries. COFC is prohibited from working directly with Beneficial Cargo Owners (BCO) and currently operates in over 95 lanes of service throughout the U.S. and Mexico.

CONTACT:    For more information about COFC Logistics please contact Robin Harter, Vice President, robin.harter@cofclogistics.com or (419) 410-9074

 More about Inc. and the Inc. 5000 Regional Series

 Methodology

The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

 

 

Geoff Smock Promoted to AVP of Sales

February 3rd, 2020 Posted by News 0 comments on “Geoff Smock Promoted to AVP of Sales”

COFC is thrilled to announce the promotion of Geoff Smock to Assistant Vice President of Sales & Marketing, effective February 3, 2020. Geoff Joined COFC in mid-2016 initially covering the Midwest Region. In 2017, Geoff accepted the task of developing and growing the Mid-West and South-Central Regions. In 2019, Geoff was assigned to cover the Northern United States and has significantly contributed to the overall growth of COFC.

With this well-deserved promotion, Geoff will do what he does best; advocate for customers and educate them on how to best utilize COFC’s expanding network. Geoff will now lead COFC’s sales team as we add an additional salesperson to support our 2020 growth strategy and beyond.

Please join us in congratulating Geoff on his promotion!

COFC Announces Service to/from Atlanta!

January 27th, 2020 Posted by News 0 comments on “COFC Announces Service to/from Atlanta!”

COFC Logistics is excited to announce that effective January 27th, 2020 the intermodal service between Atlanta and California has been revived.  This change comes as a result of COFC’s growing service offering to meet customer demands.  We are offering SPQ and Transactional pricing for this service.  Please feel free to send SPQ requests to: pricing@cofclogistics.com

Transactional rates are also available under the Rates tab of COFC’s operating system, please click the link below for additional information.

CFQU Atlanta Service Announcement

COFC Logistics Ranks No. 1,430 on the 2019 Inc. 5000!!

August 16th, 2019 Posted by News 0 comments on “COFC Logistics Ranks No. 1,430 on the 2019 Inc. 5000!!”

COFC Logistics, LLC Ranks No. 1,430 on the 2019 Inc. 5000

With Three-Year Revenue Growth of 289 Percent

NEW YORK, August 14, 2019Inc. magazine today revealed that COFC Logistics, LLC is No. 1,430 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We are honored to be recognized as one of the nation’s fastest-growing private companies over the last 3 years. The growth has been a team effort and I am thankful for and proud of the COFC Logistics team!” said Garry Old, founder and president of COFC Logistics. In addition to their national ranking, COFC Logistics was also ranked #32 in Ohio and #4 in the Toledo metro area.

About COFC Logistics

COFC Logistics is an independent supplier of intermodal equipment and service. COFC serves over 80 lanes throughout the U.S. and Mexico. COFC Logistics was designed exclusively for IMC’s, 3PL’s, Brokers, Freight Forwarders, Motor Carriers and other intermediaries. Their mission is to provide a quality, easy to use intermodal service utilizing its fleet of 2,500+ 53’ containers that will allow its customers to grow and be successful.

COFC Welcomes Pete Sarullo as AVP of Operations

August 5th, 2019 Posted by News 0 comments on “COFC Welcomes Pete Sarullo as AVP of Operations”
We are pleased to welcome Pete Sarullo to our team as Assistant Vice President (AVP) of Operations.  Pete will use his expertise and experience in intermodal operations management as well as fleet management to guide our growth and continuing the customer service you have come to expect from COFC Logistics.  He will oversee our Operations, Pricing and Maintenance and Repair Groups.

Pete’s contact information is below:

Pete Sarullo

AVP – Operations

Pete.sarullo@cofclogistics.com

(419) 725-0700 x 5560