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Transportation & Logistics

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From 9/11 and the financial crisis to new regulations and high fuel prices, the transportation and logistics industries have had to overcome numerous serious challenges in recent years. Our Transportation & Logistics Group helps clients turn challenges into growth opportunities.

Our experts have represented a wide-range of companies in the transportation and logistics industry, from regional trucking companies to multinational organizations. We have worked with various stakeholders such as lenders, private equity and companies themselves in restructurings and transactions involving numerous parties and sophisticated issues.

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On the Road to Financial Turnaround

The Engagement

Conway MacKenzie was engaged by a $120 million LTL motor freight carrier, warehousing and environmental services company based to perform a viability assessment and develop a comprehensive financial management program. The company operates out of approximately ten facilities and was experiencing significant revenue and profitability decline resulting in short-term liquidity issues.

Our Role

The Conway MacKenzie project team assisted the company with the following:

  • Development of a 13-week short term cash flow/liquidity forecast
  • Development of a monthly profit and loss, balance sheet and cash flow reporting package for monitoring and managing financial performance
  • Identification and implementation of certain cost reduction initiatives
  • Negotiations with its Senior Lender and trade vendors

The Result

As a result of Conway MacKenzie’s engagement the company effectively:

  • Communicated to its senior lender the company’s recent improvements in lowering costs and improved profit performance
  • Implemented a financial management system that improved forecast accuracy and cash management
  • Negotiated a new credit facility with the existing lender under more favorable terms and returned the company to its normal operating status
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On the Road to Financial Turnaround | Conway MacKenzie