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Transportation and Logistics Systems Inc - TLSS STOCK NEWS

Welcome to our dedicated news page for Transportation and Logistics Systems (Ticker: TLSS), a resource for investors and traders seeking the latest updates and insights on Transportation and Logistics Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Transportation and Logistics Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Transportation and Logistics Systems's position in the market.

News
TLSS Announces Financial Results for the Three and Nine Months Ended September 30, 2023
Rhea-AI Summary
Transportation and Logistics Systems, Inc. (TLSS) reported increased revenues but higher than expected losses in Q2 and Q3, leading to a significant strain on working capital. The company is exploring financing options and corrective measures to address operating losses and get operations on a path to profitability.
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TLSS Hires New Accounting and Finance Leadership
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TLSS announces addition of new members to its management team for accounting and finance department. CEO to assume CFO responsibilities. Marc Weiss and Tasrin Ahmed join as VP of Accounting and Finance and Director of Accounting and Finance respectively. They bring extensive experience in high-revenue, rapid growth environments. The move aims to improve reporting, analysis, forecasting, expense control, and cash management strategies.
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TLSS Issues Interim Update
Rhea-AI Summary
Transportation and Logistics Systems, Inc. provides an update on the trucking industry and its business performance. The trucking industry is facing challenges with a shortage of freight and declining demand for consumer goods. Several major trucking companies have reported declines in earnings and shipments. Spot rates in trucking have dropped significantly. However, the company has made acquisitions and implemented cost-saving measures to improve its financial results. It has also launched new sales and marketing initiatives to drive revenue growth.
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TLSS Operations Announces New Partnership with Expediri
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TLSS partners with Expediri to provide final mile delivery services, aiming to increase revenues and pursue organic growth.
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TLSS Operations Launches New Regional Overnight Service
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TLSS launches new regional overnight service, offering speed and pricing advantages. CEO believes strategic acquisitions provide organic growth opportunities. COO highlights advantage of consistent premium service and flexible operations. Comprehensive corporate update expected in September.
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TLSS Operations Announces Customer Expansion into New England Market
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TLSS expands services into New England with existing customer, expects revenues to double over the next year
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Transportation and Logistics Systems, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2023
Rhea-AI Summary
Transportation and Logistics Systems, Inc. (TLSS) filed its Form 10-Q for Q2 2023, reporting improved revenue and gross profit margins. The company experienced the industry downturn but took measures to reduce operating costs and implemented new initiatives. TLSS had a net loss of $2,479,000 for the quarter, compared to a net loss of $709,000 in the prior year period. For the six months ended June 30, 2023, TLSS reported a net loss of $4,125,000, compared to a net loss of $2,746,000 in the prior year period. The Board of Directors is seeking stockholder approval to increase the number of authorized shares of common stock from 10,000,000,000 to 50,000,000,000.
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TLSS to Issue Comprehensive Corporate Update after 10Q Filing
Rhea-AI Summary
Transportation and Logistics Systems, Inc. (TLSS) to issue comprehensive update on the company, its operations, and strategic plans after second quarter earnings release in mid-August 2023. Chairman and CEO Sebastian Giordano aims to provide stakeholders with a deeper insight into the state of the company and its progress, emphasizing the goal of building shareholder value.
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Transportation and Logistics Systems, Inc. Announces Financial Results for the First Quarter Ended March 31, 2023
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Transportation and Logistics Systems, Inc. Announces Financial Results for the Year Ended December 31, 2022
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Transportation and Logistics Systems Inc

OTC:TLSS

TLSS Rankings

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TLSS Stock Data

448.11k
4.16B
8.23%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Jupiter

About TLSS

transportation and logistics systems, inc. provides tractor-trailer and box truck deliveries of packages on the east coast of the united states. the company offers package delivery services primarily in new york, new jersey, pennsylvania, georgia, florida, ohio, and tennessee, principally for amazon and its customers, and for other customers. it also provides various logistics services to amazon and storage solutions for amazon's customers with limited storage facilities. the company is based in jupiter, florida.