Last Mile Logistics Group (LMLG.OB) is a third-party logistics provider for government agencies, medical providers, professional firms, retailers, telecommunication firms, associations, manufacturers, and other logistic providers. The company services the “last mile” transportation needs of clients in varying industries and offers cost savings by reducing their clients’ carbon footprints.
Last Mile started doing business by focusing on business-to-business (B2B) deliveries that included envelopes and small packages. The company has effectively made the transition from their B2B deliveries to a business-to-consumer (B2C) focus. Last Mile’s B2C focus has grown their third party logistics (3PL) services to deliveries of televisions, appliances, furniture, bedding, and varying high-value merchandise. The company offers deliveries to homes, assembling of products, and communicating scheduled deliveries.
Last Mile intends to acquire other providers of logistics services. The company believes the 3PL market is highly fragmented and sees growth and capital opportunities in future acquisitions. Last Mile acquired Chesapeake Logistics, LLC in 2006, which began their operations, and plans to implement an acquisition strategy in 2008 that will focus on the Mid-Atlantic region. Last Mile was recognized as the 2007 “Pitching across America” business plan winner by Venture Capitalist throughout the United States.
In 2006, the third party logistics industry was valued at almost $114 billion in the United States and almost $400 billion around the world. Last Mile’s online sales in 2007 were more than $100 billion.
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