Stonepath Logistics Expands Projects Division to Support Growth in Infrastructure and Energy Activity Worldwide; Key Project Spe
October 14 2005 - 10:55AM
Business Wire
Stonepath Group (AMEX:STG), the global logistics services
organization, has accelerated efforts to meet the growing demand
for integrated logistics solutions for large-scale, global
logistics operations in the oil and energy, construction and
manufacturing industries. Worldwide developments including the
rapid growth of China, India, and Pakistan, the war in Iraq and
reconstruction efforts in the Middle East, plus the major
rebuilding effort in the wake of devastating hurricanes and
earthquakes, have significantly increased the need for global
investment in key infrastructure and energy projects -- complex
logistics tasks that demand precisely tailored solutions. To
respond to this demand and provide integrated logistics solutions
for these intricate operations worldwide, Stonepath recently
expanded its logistics team in Houston, Texas, North America's
number one project port, as well as establishing a dedicated
project team in Shanghai, PRC and increasing capabilities in the
Czech Republic. Stonepath's Chairman of the Board, Dennis Pelino,
remarked, "Expanding our reach in the market for global project
logistics is an important strategic focus for the Stonepath
organization as we strengthen our core competitive advantages and
build upon our success. Our Projects group, headed by the immensely
capable Lothar Kammerer, recently promoted to Senior Vice
President, has the depth of experience and relationships to
leverage the Stonepath network and win additional large-scale
infrastructure and energy projects worldwide." Stonepath provides a
complete outsourced solution in global integrated logistics by
monitoring project activity from "Factory to Foundation" and
assisting clients with every phase of a project including planning
and consultation, heavy lift operations, sourcing, consolidation
and distribution, warehousing, full and part charters, insurance,
export packing and customs clearance and documentation. The
division has recently managed projects including major energy
installations in Brazil, Turkey and Jordan for General Electric
Power Systems and the movement of an oriented strand board (OSB)
production line from Germany and Canada to Oakdale, Louisiana, for
Alexandria, Louisiana-based MARTCO, LP. 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.
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