Cargo Connection Logistics Hol (CRGOE.OB)

Cargo Connection Logistics Holding, Inc., through its subsidiaries, provides logistics solutions to various companies in North America. It primarily provides truckload and less-than-truckload transportation services. The company also offers value-added logistics services, such as provision of the U.S. Customs Bonded warehouse facilities, container freight station operations, and a general order warehouse operation. In addition, it provides pick and pack services; and special projects, including changing labels or tickets on items and assistance in the inspection of customers’ shipments into the United States, as well as storage of goods and recovery of goods damaged in transit. The company serves customers through its network of branch terminal locations and independent agents. Cargo Connection Logistics Holding is based in Inwood, New York with additional offices in Atlanta, Georgia; Bensenville, Illinois; Columbus, Ohio; and Miami, Florida.

For the six months ended 30 June 2006, Cargo Connection Logistics Holding Inc.'s revenues increased 14% to $7.7M. Net loss totaled $3.9M, up from $1.4M. Revenues reflect an increase in sales due to transportation and trucking related business opportunities from Cargo Connection Logistics Corp. Higher loss reflects increased general & administrative expenses and the presence of $1.5M loss on derivative market price adjustments.