Stonepath (AMEX:STG)
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Stonepath Group (AMEX:STG), the global logistics
services organization, today announced the Company has been awarded a
significant logistics project by Alexandria, Louisiana-based MARTCO,
LP, producers of innovative forest products. Revenue for this project
is well in excess of $1 million.
MARTCO has engaged Stonepath to orchestrate the complete logistics
solution for the movement of their oriented strand board (OSB)
production line from Germany and Canada to Oakdale, Louisiana. The
comprehensive end-to-end solution encompasses transportation,
insurance and customs clearance for equipment, which includes heavy
freight (up to 110 metric tons) that will travel on special vehicles
from Windsor, Ontario, to Louisiana, as well as via two charter
vessels from Hamburg, Germany.
Lothar Kammerer, Senior Vice President of Project Cargo Services
for Stonepath Logistics, commented, "We are extremely honored that
MARTCO has chosen Stonepath as their third-party logistics provider
for this important manufacturing project. Stonepath's Project Services
group is committed to exceeding client expectations and continues to
demonstrate our ability to support major logistics undertakings
worldwide."
About MARTCO (www.martco.com)
Roy O. Martin Lumber Management, L.L.C. (ROM), general partner of
Martco Limited Partnership, has been an Alexandria, Louisiana-based
producer of innovative forest products since 1923. Today, ROM has a
land base of 580,000 acres of prime southern pine and fine hardwoods
throughout Louisiana. With sound high-yield forestry programs which
began in the 1950's, ROM continues to take special pride in timber as
a uniquely renewable resource. ROM is the only pine and hardwood
landowner that is Forest Stewardship Council certified for
environmentally friendly operations.
Stonepath Project Services
Based in Houston, Texas, North America's number one project port,
the Stonepath Project Services group provides integrated logistics
solutions for large-scale, complex operations worldwide.
About Stonepath Group (AMEX:STG)
Stonepath (www.stonepath.com) is a global, third-party logistics
organization providing a full range of transportation and distribution
solutions to multinational and local businesses. Through a strategic
acquisition program and strong organic growth, the Company has
expanded rapidly, establishing a network of owned operations
throughout North America, the Asia Pacific region and Latin America.
Stonepath provides a full-range of time-definite transportation and
distribution solutions to a diverse client mix of retail leaders,
automotive and technology concerns, government agencies, and defense
contractors. For more information about the Company, please contact
John Brine at (212) 254-8280.