Transport and Logistics Systems (TLSS) operates through its subsidiaries Prime EFS and ShypDirect. A leader in logistics and transportation services, Prime EFS provides Last Mile delivery services as well as two-person Home Delivery and Line Haul services for some of the world’s leading online retailers.
ShypDirectprovides delivery service for clients throughout the northeast United States with our fleet of GPS-equipped Tractors, Box Trucks, and Cargo Vans.
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Shares of TLSS stock surge our 43% on Monday,January 24, with massive volume. Let’s dive deep into how the Company is doing, and it is worth investing in TLSS?
TLSS reported a total of $23,503,000 in sales for the nine months ended September 30, 2020, putting the Company on track to break $30 million in sales in 2020. Sales increased due to the Company’s expansion into other markets, including Florida, Georgia, Ohio, and Tennessee.
The Company successfully secured new business by achieving a full nine months of box-truck operation. By obtaining Payroll Protection Program loans, it maintained its driver level through the peak of the COVID-19 pandemic.
TLSS entered into an asset purchase agreement to purchase substantially all of the assets and certain liabilities of Cougar Express, Inc.
Shares of TLSS surges over 285.32% in the last month, with avg volume for the month is over 59.38M shares. If we look at three-month performance, TLSS stock gains over 141.38% while avg work for the store was 34.11M. 2021 was the best performance year for the stock with over -99.46% fall in stock price, reaching a high of $3.5500.
TLSS is operating a competitive logistic space, and let’s see what the Company is planningfor in 2021, which will impact the stock price of TLSS stock.