Latest news for Transportation (OTC:TLSS) Stock

Transportation And Logistics Systems Inc is a United States-based company that provides integrated transportation management solutions. It provides brokerage and logistics services such as transportation scheduling, routing, and other value-added services related to the transportation of automobiles and other freight, which involve the use of independent contractor-owned trucks and equipment. The company generates revenue from customers contracting to transport a vehicle from location to location. It operates in one operating segment related to its full suite of logistics and transportation services, specializing in last-mile deliveries, two-person home and commercial deliveries, and mid-mile, and long-haul services.

News

Commodities

Retail Sales

Markets

General

AMZN

TLSS

Transportation and Logistics Systems Inc.

E-commerce Fulfillment Provider TLSS Seeks To Acquire SalSon Logistics For $90M

TRANSPORTATION & LOGISTIC by Transportation and Logistics Systems, Inc.

Transportation And Logistics Systems Inc

Zoetis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) has outperformed the market over the past 10 years by 2.96% on an annualized basis producing an average annual return of 14.38%. Currently, Zoetis has a market capitalization of $74.89 billion. 
Buying $100 In ZTS: If an investor had bought $100 of ZTS stock 10 years ago, it would be worth $376.25 today based on a price of $166.00 for ZTS at the time of writing.
<h3>Zoetis's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737414008_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

Tapestry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) has outperformed the market over the past 5 years by 8.51% on an annualized basis producing an average annual return of 21.21%. Currently, Tapestry has a market capitalization of $16.62 billion. 
Buying $1000 In TPR: If an investor had bought $1000 of TPR stock 5 years ago, it would be worth $2,555.12 today based on a price of $71.39 for TPR at the time of writing.
<h3>Tapestry's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737413109_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Tapestry 5 Years Ago Would Be Worth Today

Chemed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHE#NYSE">CHE</a>) has outperformed the market over the past 20 years by 6.35% on an annualized basis producing an average annual return of 14.83%. Currently, Chemed has a market capitalization of $8.32 billion. 
Buying $1000 In CHE: If an investor had bought $1000 of CHE stock 20 years ago, it would be worth $16,306.00 today based on a price of $555.52 for CHE at the time of writing.
<h3>Chemed's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737412208_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Chemed 20 Years Ago Would Be Worth Today

President Donald Trump named Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission (SEC), acting chair of the agency.
What Happened: The White House <a href="https://www.whitehouse.gov/presidential-actions/2025/01/designation-of-chairmen-and-acting-chairmen/">confirmed</a> Uyedas&#8217;s role as acting chair of the agency. 
Trump picked former SEC Commissioner Paul Atkins to oversee the SEC permanently, but Congress must approve the nomination.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43059401/bitcoin-spikes-to-104000-traders-eye-130000-target-in-late-january" target="_blank" rel="noreferrer noopener">Bitcoin Traders Eye $130,000 Target In Late January</a>
Uyeda temporarily takes over duties from Gary Gensler, former President Joe Biden&#8216;s SEC chair, who prosecuted cryptocurrency-related companies like Coinbase and Ripple throughout his tenure. 
Gensler also advocated for more cryptocurrency regulation ahead of his <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">departure from the SEC</a>. 
Uyeda&#8217;s legal career began at Kirkpatrick &amp; Lockhart, which is now K&amp;L Gates. 
In 2004, then-Governor Arnold Schwarzenegger appointed Uyeda as Chief Advisor to the California Corporations Commissioner, the state&#8217;s securities regulator.
By 2006, he joined the SEC and was eventually named commissioner on June 30, 2022.
He also <a href="https://www.sifma.org/people/mark-t-uyeda/?utm_source=chatgpt.com">served</a> as counsel to commissioner Atkins.
Why It Matters: A Trump appointment to the SEC will likely influence the agency&#8217;s policies regarding cryptocurrency regulation, Reuters reports.
Trump&#8217;s business dealings are heavily tied to cryptocurrency. On Friday, he debuted <a href="https://www.benzinga.com/25/01/43082005/market-to-seek-further-information-on-utilization-of-80-trump-token-supply-says-bernstein">his own meme coin</a> called Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) and, before that, his family helped launch World Liberty Financial (WLFI), a decentralized finance platform.
According to the <a href="https://www.nytimes.com/interactive/2025/01/17/us/politics/trump-conflicts-of-interest.html">New York Times</a>, citing 2024 financial disclosures, Trump owns up to $5 million worth of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). The new SEC is expected to loosen regulations on crypto and implement new guidelines that could bolster the value of Ethereum, Bitcoin (CRYPTP: BTC) and tokens at WLFI.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">Trump&#8217;s Crypto Silence: Inauguration Omission Sparks Questions After History Of Mixed Signals</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Politics

$ETH

$TRUMP

Trump Names Uyeda Acting SEC Chair, Regulators Get Ready For Crypto Makeover

Insight Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSIT#NASDAQ">NSIT</a>) has outperformed the market over the past 20 years by 2.9% on an annualized basis producing an average annual return of 11.37%. Currently, Insight Enterprises has a market capitalization of $5.41 billion. 
Buying $1000 In NSIT: If an investor had bought $1000 of NSIT stock 20 years ago, it would be worth $8,581.40 today based on a price of $166.05 for NSIT at the time of writing.
<h3>Insight Enterprises's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737410410_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NSIT

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 10 years by 29.31% on an annualized basis producing an average annual return of 40.72%. Currently, Comfort Systems USA has a market capitalization of $18.44 billion. 
Buying $100 In FIX: If an investor had bought $100 of FIX stock 10 years ago, it would be worth $3,032.99 today based on a price of $518.00 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737409508_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Comfort Systems USA Stock In The Last 10 Years

Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) has outperformed the market over the past 5 years by 9.16% on an annualized basis producing an average annual return of 21.86%. Currently, Lennox Intl has a market capitalization of $23.06 billion. 
Buying $100 In LII: If an investor had bought $100 of LII stock 5 years ago, it would be worth $263.27 today based on a price of $647.46 for LII at the time of writing.
<h3>Lennox Intl's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737408611_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Lennox Intl 5 Years Ago Would Be Worth This Much Today

The cryptocurrency market experienced a turbulent day of trading on Monday, triggered by <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">President Donald Trump&#8216;s inauguration. </a>
High expectations for a crypto-friendly presidency were dashed when Trump&#8217;s inaugural address did not include any mention of digital currencies. As a result, tokens suffered sharp price drops and substantial liquidations across the market.
The market had rallied significantly in the days leading up to the inauguration. But it fell almost immediately when it was clear that Trump&#8217;s speech &#8212; his second inaugural address &#8212; would not include the topic.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which had been riding a wave of optimism ahead of the inauguration, dropped from $106,000 to $101,000 during Trump's speech before stabilizing around $103,000. 
Among altcoins, Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) — central to the weekend's Trump-affiliated meme coin frenzy — fell nearly 10% from its lifetime high.
The newly launched TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin, released on Friday, saw an immediate plunge. It fell 30% from $50 during Trump's address.
Though it partially recovered, it remained down over 44% at last check Monday, trading at around $39.88. 
A meme coin inspired by First Lady Melania Trump (CRYPTO: MELANIA), which launched a day after TRUMP, fared worse. It plummeted 46% before rebounding slightly.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085162/pro-crypto-trump-euphoria-fuels-2-2-billion-inflow-into-digital-assets">Euphoria Over Pro-Crypto Trump Fuels $2.2 Billion Inflow Into Digital Asset Products, Bitcoin Dominates</a>
According to <a href="https://www.coinglass.com/LiquidationData">data </a>from CoinGlass, the volatility wiped out over $700 million in leveraged crypto positions on Monday alone. Nearly $500 million-worth of those liquidations came from traders betting on price increases.
Including the selloff that began overnight before the inauguration, the total liquidation across digital assets surpassed $1.2 billion in 24 hours—the largest leverage flush this year.
The wild swings of the meme coins has also attracted criticism from key political figures. 
Nic Carter, a founding partner of a crypto investment firm, called the meme coin launch "preposterous," while Congresswoman Maxine Waters criticized it for "tainting the crypto industry" and exposing the need for proper regulation. 
This has led to concern for advocates within the industry that the volatile meme coins may hurt the public perception of legitimate digital assets and push regulators to act <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43083490/melania-rise-and-trumps-fall-signal-crypto-mainstreaming-and-potential-blow-to-tradfi-experts-note">aggressively against digital assets.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43082005/market-to-seek-further-information-on-utilization-of-80-trump-token-supply-says-bernstein">Market Seeks Further Information On Utilization Of 80% TRUMP Token Supply: Report</a></li>
</ul>
Image: Shutterstock

$BTC

$SOL

Crypto Market Plunges After Trump's Inaugural Speech Fails To Mention Digital Assets

IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) has outperformed the market over the past 10 years by 30.4% on an annualized basis producing an average annual return of 41.82%. Currently, IES Hldgs has a market capitalization of $5.13 billion. 
Buying $1000 In IESC: If an investor had bought $1000 of IESC stock 10 years ago, it would be worth $35,019.10 today based on a price of $256.69 for IESC at the time of writing.
<h3>IES Hldgs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737407720_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IESC

Here's How Much $1000 Invested In IES Hldgs 10 Years Ago Would Be Worth Today

American Express Pays $108 Million To Settle Deceptive Marketing Charges
The U.S. Department of Justice announced on Thursday that American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) agreed to a $108.7 million settlement to resolve allegations of violating the Financial Institutions Reform, Recovery <a href="https://www.benzinga.com/news/legal/25/01/43041511/american-express-settles-1087-million-compliance-case-with-justice-department">and Enforcement Act.&nbsp;</a>
The Department of Justice <a href="https://www.justice.gov/opa/pr/american-express-agrees-pay-1087m-settle-allegations-deceptive-marketing-and-dummy-account">accused</a> the financial giant of deceptive marketing and falsified record-keeping between 2014 and 2021.
From 2014 to 2017, American Express allegedly misled small business customers regarding credit card rewards, fees and credit checks and submitted false income information.
Additionally, employees bypassed legal requirements by entering fabricated Employer Identification Numbers (EINs) on small business credit card applications during a product transition period.&nbsp;
From 2018 to 2021, American Express was further accused of misrepresenting tax benefits for its Payroll Rewards and Premium Wire programs. The firm charged above-market fees under false pretenses, regulators said. 
Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43041254/unitedhealth-ceo-highlights-hospitals-doctors-pharmas-role-in-soaring-health-care-costs">UnitedHealth CEO Highlights Hospitals, Doctors, Pharma&#8217;s Role In Soaring Health Care Costs</a>&nbsp;
"When financial companies engage in deceptive sales tactics or falsify information to cover up a failure to follow applicable regulations, they threaten the integrity of our financial system," said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department's Civil Division.
"Today's settlement makes clear that the department will hold accountable those who violate the trust placed in them to follow the rules governing our financial institutions and to be truthful about their business practices," Boynton added.&nbsp;
The Vanguard Group Pays $106.41 MIllion To Settle Charges Related To Misleading Statements
The Securities and Exchange Commission on Friday <a href="https://www.sec.gov/newsroom/press-releases/2025-21">announced that</a> The Vanguard Group, Inc. will pay $106.41 million to settle charges for misleading statements related to capital gains distributions and tax consequences for retail investors who held Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts.&nbsp;
The SEC's order finds that due to the actions of Vanguard, retail investors of the Investor TRFs who continued to hold their fund shares in taxable accounts faced historically larger capital gains distributions and tax liabilities and were deprived of the potential compounding growth of their investments.
The order also finds that Vanguard Investor TRFs' prospectuses, effective and distributed in 2020 and 2021, were materially misleading.&nbsp;
"Materially accurate information about capital gains and tax implications is critical to investors saving for their retirements," said Corey Schuster, Chief of the Division of Enforcement's Asset Management Unit. "Firms must ensure that they are accurately describing to investors the potential risks and consequences associated with their investments."&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/01/42979220/biden-announces-more-student-loan-forgiveness-bringing-debt-relief-to-nearly-5-million-borrowers">Biden Announces More Student Loan Forgiveness, Bringing Debt Relief To Nearly 5 Million Borrowers</a></li>
</ul>
Image: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

Legal

Financial Crime Weekly: American Express Pays $108 Million To Settle Deceptive Marketing Charges, Vanguard Group Pays $106 Million For Violations

Sprouts Farmers Market (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) has outperformed the market over the past 10 years by 2.83% on an annualized basis producing an average annual return of 14.25%. Currently, Sprouts Farmers Market has a market capitalization of $13.92 billion. 
Buying $1000 In SFM: If an investor had bought $1000 of SFM stock 10 years ago, it would be worth $3,775.76 today based on a price of $139.25 for SFM at the time of writing.
<h3>Sprouts Farmers Market's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737406810_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Sprouts Farmers Market 10 Years Ago Would Be Worth Today

President Donald Trump announced a set of executive orders shortly after his <a href="https://www.benzinga.com/government/regulations/25/01/43085323/trump-sworn-in-as-47th-president-declares-golden-age-of-america-begins-right-now">second inaugural speech Monday</a>. 
<h3 class="wp-block-heading">A Hard Line At The Border</h3>
Immigration was at the center of Trump's first action as 47th president. The &#8220;Remain in Mexico&#8221; policy, for example, requires asylum seekers to wait outside the U.S. while their cases are processed.
Trump wants to bring this policy back and direct federal agencies to begin mass deportations.
The policy was originally implemented during his first term as president in 2019. Critics argued at the time that it exposed migrants to violence and dangerous cartels.
One of his most aggressive moves was officially designating drug cartels as foreign terrorist organizations. The move grants the government expanded legal authority to target them.
"We will send troops to the southern border to repel the disastrous invasion of our country," he said, doubling down on nativist language that marked his first campaign. He also invoked the Alien Enemies Act of 1798, a rarely used wartime measure, to ramp up efforts against foreign criminal organizations operating in the U.S.
The decision is expected to spark diplomatic tensions, particularly with Mexico.
It&#8217;s also worth noting that both Congress and the courts can potentially block Trump&#8217;s executive orders. 
<h3 class="wp-block-heading">National Energy Emergency: ‘Drill, Baby, Drill'</h3>
In another executive action, Trump declared a national energy emergency. This sets the stage for an aggressive rollback of environmental policies enacted under his predecessor.
&#8220;We will drill, baby, drill,&#8221; he said, outlining a vision in which the U.S. would rely on its vast fossil fuel reserves to drive economic growth. President Joe Biden <a href="https://www.eenews.net/articles/what-bidens-oil-record-means-for-the-industrys-future/">presided</a> over a record boom <a href="https://www.benzinga.com/government/23/10/35240230/us-is-producing-more-oil-under-biden-than-at-any-point-under-the-trump-administration">in domestic oil production</a>.
Still, the Trump administration aims to ramp up American energy exports to global markets and effectively dismantle key provisions of the Green New Deal.
The Biden administration introduced legislation to reduce carbon emissions and transition to renewable energy. 
Trump also announced the revocation of electric vehicle mandates, calling them a threat to the U.S. auto industry.
&#8220;We will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world,&#8221; he said, arguing that energy independence would be a cornerstone of economic revival.
Trump blamed inflation on &#8220;massive overspending and escalating energy prices&#8221; and vowed to take immediate action to bring down costs. 
He directed his cabinet to use their authority to combat what he described as a &#8220;record inflation crisis&#8221; and declared a national energy emergency as part of his strategy.
<h3 class="wp-block-heading">Trade And Manufacturing: The ‘New American Dream'</h3>
Trump framed his economic vision as a return to American manufacturing dominance, announcing plans to overhaul the U.S. trade system. 
He vowed to shift the burden away from domestic taxpayers and onto foreign competitors, saying, "Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens."
To enforce this, he announced the creation of the &#8220;<a href="https://www.benzinga.com/news/global/25/01/42988641/trump-wants-trade-partners-to-start-paying-announces-external-revenue-service-for-tariffs">External Revenue Service</a>,&#8221; a new agency tasked with collecting tariffs and duties from imports. It&#8217;s not clear how this agency would function alongside the U.S. Customs and Border Protection (CBP), which already oversees tariffs and revenue from foreign countries. 
"America will be a manufacturing nation once again, and we have something no other country has—the largest amount of oil and gas on Earth," he said, arguing that energy and industry would be the backbone of economic resurgence.
Trump also signaled a broader restructuring of the federal government, establishing a Department of Government Efficiency aimed at eliminating bureaucracy.
See Also: <a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">Trump&#8217;s DOGE Committee Faces Lawsuits Over Alleged Federal Advisory Violations, Lack Of Transparency</a>
<h3 class="wp-block-heading">Cultural And Social Shifts</h3>
Trump also moved swiftly on social policies, signing an executive order that bars the federal government from factoring race and gender into public policy decisions. 
He declared that "there are only two genders, male and female", a stance expected to ignite legal battles with civil rights groups.
Trump promised to reinstate military personnel who had been discharged for refusing COVID-19 vaccine mandates, promising full back pay.
&#8220;Our armed forces will be freed to focus on their sole mission, defeating America&#8217;s enemies,&#8221; he said.
<h3 class="wp-block-heading">Bold International And Historical Revisions</h3>
Trump&#8217;s executive orders extended beyond domestic policy, touching on historical and geopolitical issues. 
He announced plans to rename the Gulf of Mexico to the &#8220;Gulf of America&#8221; and restore the name of Mount McKinley, which had been changed to Denali under the Obama administration.
Trump also declared that the U.S. would &#8220;take back&#8221; control of the Panama Canal, arguing that China's influence in the region posed a strategic threat.
Trump vowed to expand U.S. space exploration, declaring that American astronauts would plant &#8220;the Stars and Stripes&#8221; on Mars. In the background, a visibly pleased Elon Musk gave a thumbs-up as the president spoke.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43085491/where-will-sp-500-open-after-trumps-inauguration-39-pick-this-range">EXCLUSIVE: Where Will S&amp;P 500 Open Tuesday After Trump&#8217;s Inauguration? 39% Pick This Range</a></li>
</ul>
Image: Shutterstock

Government

Regulations

Econ #s

Economics

Trump Unleashes Executive Orders On Border Security, Oil Drilling, Domestic Manufacturing In First Acts As President

In the current market session, Cognizant Tech Solns Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) share price is at $77.81, after a 0.49% spike. Moreover, over the past month, the stock decreased by 2.11%, but in the past year, went up by 0.91%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1737405909_0.png" alt="Past Year Chart" />

<h3>Comparing Cognizant Tech Solns P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Cognizant Tech Solns has a lower P/E than the aggregate P/E of 95.48 of the IT Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1737405909_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

CTSH

Price Over Earnings Overview: Cognizant Tech Solns

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 20 years by 9.13% on an annualized basis producing an average annual return of 17.61%. Currently, Coca-Cola Consolidated has a market capitalization of $11.71 billion. 
Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 20 years ago, it would be worth $25,456.67 today based on a price of $1336.83 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737405908_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COKE

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

Personal finance expert <a href="https://www.benzinga.com/personal-finance/25/01/42988489/im-watching-my-retirement-savings-erode-away-61-year-old-panics-over-his-investments-but-dave-ramsey-tells-him-shut-up-and-invest">Dave Ramsey</a>, known for his no-nonsense advice, recently shared a caller's story on social media highlighting a financial challenge many Americans face as they approach retirement. At age 59, this caller had no retirement savings but had recently sold a $518,000 home. Once she paid off most of her debts, leaving only a car lease, she had $290,000 left and sought Ramsey's advice on balancing investing and buying a new home.&nbsp;
"Instead of taking all of the money and putting it into a home I was thinking that maybe I should beef up an investment account," the caller said. "But I know that your steps say that&#8217;s like borrowing money to invest."
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
The caller was considering a $300,000 home just north of Palm Beach, Florida, where she currently resides. She would use $200,000 for part of it and take out a mortgage on the rest. Ramsey's response really honed in on the importance of achieving <a href="https://www.benzinga.com/news/25/01/42947081/a-salary-is-the-drug-they-give-you-to-forget-your-dreams-says-kevin-oleary-encourages-people-to-embrace-the-fear-of-failure">financial security</a> before retirement.&nbsp;
He advised the caller to instead purchase a $200,000 home that she could buy outright instead of taking a mortgage. This would allow her to avoid monthly housing payments and allocate more of the remaining funds toward building a <a href="https://www.benzinga.com/personal-finance/25/01/42885231/can-you-guess-what-percent-of-people-retire-with-a-3-million-nest-egg-hint-its-an-incredibly-low-number">retirement nest egg</a>.&nbsp;
"Retiring with zero money or close to zero money and a nice paid-for house is not a plan," Ramsey said. He advised living in the $200,000 house for 3-5 years while the caller focuses on building her nest egg. Then later, if the market was right and she could afford to buy a nicer home, she could work up to that.&nbsp;
See Also: With 100+ historic trademark victories, this company holds IP for some of the highest-grossing characters in history. Now, they've propelled these icons into the future using next-gen patented AR, VR, and AI technology. <a href="https://www.benzinga.com/money/elf-labs-1">There&#8217;s now a limited window for investors to claim shares at just $2/share with $980 minimum—but the clock is ticking.</a>
Ramsey also recommended paying off the car lease early to eliminate all remaining debt. With no debt and reduced monthly expenses, he suggested aggressively saving the leftover $50,000 by investing in a Roth IRA and SEP IRA.&nbsp;
The caller's story resonates with many Americans nearing retirement without sufficient savings. According to a recent AARP survey, 20% of adults over 50 have no retirement savings. Many are also burdened by debt, with nearly one-third carrying a credit card balance of $10,000 or more.
Inflation and rising costs continue to exacerbate these issues. Over 37% of respondents reported difficulty covering basic expenses like food and housing. Additionally, over a quarter of those not yet retired expect never to retire.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Indira Venkateswaran, AARP's Senior Vice President of Research, noted, "Everyday expenses continue to be the top barrier to saving more for retirement and some older Americans say that they never expect to retire."
For those nearing retirement without significant savings, the path forward may involve tough decisions such as downsizing, eliminating debt and working longer. Ramsey's advice to prioritize financial security highlights the value of taking proactive steps, even late in life.
While challenges remain, guidance from <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisors</a> can help Americans navigate their retirement years with greater confidence and stability.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a></li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Personal Finance

'Retiring With Zero Money And A Nice Paid-for House Is Not A Plan' Dave Ramsey Tells 59-Year-Old With No Retirement Savings

Skyworks Solutions's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NYSE">SWKS</a>) short percent of float has risen 19.85% since its last report. The company recently reported that it has 13.35 million shares sold short, which is 9.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Skyworks Solutions Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737405023_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Skyworks Solutions has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Skyworks Solutions's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Skyworks Solutions's peer group average for short interest as a percentage of float is 5.06%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

SWKS

How Is The Market Feeling About Skyworks Solutions?

Phunware's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NYSE">PHUN</a>) short percent of float has risen 8.95% since its last report. The company recently reported that it has 2.01 million shares sold short, which is 10.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Phunware Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737405018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Phunware has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Phunware's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Phunware's peer group average for short interest as a percentage of float is 4.07%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

PHUN

(PHUN) - Analyzing Phunware's Short Interest

First Citizens BancShares's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NYSE">FCNCA</a>) short percent of float has risen 13.24% since its last report. The company recently reported that it has 425 thousand shares sold short, which is 3.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>First Citizens BancShares Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737405012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for First Citizens BancShares has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing First Citizens BancShares's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, First Citizens BancShares's peer group average for short interest as a percentage of float is 0.97%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

FCNCA

Looking Into First Citizens BancShares's Recent Short Interest

Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) has outperformed the market over the past 15 years by 3.3% on an annualized basis producing an average annual return of 15.29%. Currently, Expedia Group has a market capitalization of $24.84 billion. 
Buying $100 In EXPE: If an investor had bought $100 of EXPE stock 15 years ago, it would be worth $861.85 today based on a price of $187.50 for EXPE at the time of writing.
<h3>Expedia Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737405008_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EXPE

$100 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed up 22.50% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/BBRRF">Blueberries Medical</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed up 14.81% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed up 11.75% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/CARA">Cara Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) shares closed up 8.68% at $4.65</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed up 8.61% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed up 6.79% at $0.15</li>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed up 6.67% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/BLOZF">Cannabix Technologies</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BLOZF#OTC">BLOZF</a>) shares closed up 5.19% at $0.27</li>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 5.00% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/GTBIF">Green Thumb Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) shares closed up 3.63% at $7.43</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/AUSAF">Australis Capital</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AUSAF#OTC">AUSAF</a>) shares closed down 50.00% at $0.0001</li>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed down 34.55% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 18.74% at $5.10</li>
<li><a href="https://www.benzinga.com/quote/ITHUF">iAnthus Capital Hldgs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed down 17.31% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/SOLCF">SOL Glb Inv</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SOLCF#OTC">SOLCF</a>) shares closed down 13.98% at $0.29</li>
<li><a href="https://www.benzinga.com/quote/YCBD">cbdMD</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed down 10.38% at $0.50</li>
<li><a href="https://www.benzinga.com/quote/CRBP">Corbus Pharmaceuticals</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) shares closed down 9.15% at $11.92</li>
<li><a href="https://www.benzinga.com/quote/OILFF">Nextleaf Solutions</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed down 7.20% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/GNLN">Greenlane Hldgs</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares closed down 6.83% at $1.50</li>
<li><a href="https://www.benzinga.com/quote/LVRLF">CordovaCann</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVRLF#OTC">LVRLF</a>) shares closed down 6.52% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/EAST">Eastside Distilling</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) shares closed down 5.54% at $0.73</li>
<li><a href="https://www.benzinga.com/quote/CVSI">CV Sciences</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CVSI#OTC">CVSI</a>) shares closed down 4.02% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed down 3.77% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CURR">Currenc Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares closed down 3.57% at $2.22</li>
<li><a href="https://www.benzinga.com/quote/CBWTF">Auxly Cannabis Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBWTF#OTC">CBWTF</a>) shares closed down 3.32% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/CGC">Canopy Gwth</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares closed down 3.11% at $2.18</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cannabis

Movers

AUSAF

BBRRF

BLOZF

BMMJ

CARA

CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp.

CBWTF

CRBP

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

CVSI

EAST

FFNTF

FUAPF

GNLN

GTBIF

ITHUF

KAYS

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

LVRLF

NWVCF

OILFF

RMHB

SOLCF

TGIFF

XXII

YCBD

Bearish Sentiment Across The Cannabis Space - Check Full Movers For January 20, 2025

Transportation and Logistics Systems (TLSS) has released an update. Transportation and Logistics Systems, Inc. (TLSS) faced a significant operation...

Transportation and Logistics Systems Faces Major Operational Shutdown

Transportation and Logistics Systems (TLSS) just unveiled an announcement. Transportation and Logistics Systems, Inc., a holding company in the log...

Transportation and Logistics Systems Executive Layoffs and Appointments

Air freight stocks down today amid port strikes

AIRT

AIRTP

ATSG

CHRW

CNGT

EXPD

FRGT

FWRD

HUBG

JANL

RLGT

Transportation

<a href="https://www.tlss-inc.com/" rel="noreferrer noopener" target="_blank">Transportation and Logistics Systems Inc. (TLSS)</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLSS#OTC">TLSS</a>) announced Monday it entered into an agreement on Tuesday to acquire all of the outstanding shares of<a href="https://www.salson.com/" rel="noreferrer noopener" target="_blank"> SalSon Logistics</a>. The Jupiter, Florida-based e-commerce fulfillment provider said the $90 million purchase price includes $50 million in cash, 19.9% of TLSS stock and $20 million in seller financing.

The stock purchase agreement would net TLSS a 60-year-old third-party logistics company that is expected to &quot;anchor&quot; its growth strategy.

&quot;This would be a game-changing acquisition for TLSS,&quot; said CEO John Mercadante. &quot;Moreover, SalSon&#39;s business provides an amazing platform and extensive infrastructure that would greatly enhance the company&#39;s ability to execute its acquisition and organic growth strategy.&quot;

SalSon is operated out of the Port of Newark with other locations in Florida, Georgia, New York, South Carolina, Texas and Virginia. The 3PL provides warehousing, transloading, dedicated carriage and drayage services. The company has more than 1,200 associates, 1 million square feet of warehousing space and a dedicated fleet of 550 tractors and 1,500 trailers.

The press release said SalSon is currently profitable, generating nearly $100 million in annual revenue.

TLSS began growing its platform of services and adding new markets<a href="https://www.freightwaves.com/news/e-commerce-fulfillment-outfit-tlss-to-acquire-cougar-express" rel="noreferrer noopener" target="_blank"> through acquisition</a> in the first quarter. The company acquired Double D Trucking and Cougar Express, in part to replace business it had with Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which it described as unprofitable.

&quot;SalSon Logistics represents the type of business operation that would provide the infrastructure suitable as a foundation for significant growth through subsequent acquisition opportunities, as well as for organic growth potential,&quot; the press release read. &quot;This acquisition could improve the growth potential of TLSS because, with SalSon as the core foundational operation of the Company, synergistic targets that complement this business could bring immediate value when more acquisitions are secured.&quot;

<table style="overflow:auto; height: 90px; display: block;">
	<tbody>
		<tr>
			<td>Acquisition price</td>
			<td>$90M</td>
		</tr>
		<tr>
			<td>Target revenue run rate</td>
			<td>$100M</td>
		</tr>
		<tr>
			<td>Acquirer revenue run rate</td>
			<td>$28M</td>
		</tr>
		<tr>
			<td>Recent acquisitions by acquirer</td>
			<td>Double D, Cougar Express</td>
		</tr>
		<tr>
			<td>Financing</td>
			<td>90 days after execution of SPA</td>
		</tr>
		<tr>
			<td>Closing date</td>
			<td>$60M, $20M in seller financing</td>
		</tr>
	</tbody>
</table>

Table: Company reports

<h4 id="h-financing-the-deal-remains-an-obstacle">Financing The Deal Remains An Obstacle</h4>

The transaction is contingent on TLSS securing adequate debt financing for the cash portion of the deal, which could be difficult given its prior losses and current negative net worth. Assets of SalSon&#39;s are expected to back the financing program needed to facilitate the deal.

&quot;If the debt financing for the cash portion of the purchase price cannot be obtained, then the transaction will not close,&quot; the release stated. &quot;The Company has just commenced a search for financing by hiring an investment banking firm to assist in the search, which has made inquiries with several financial institutions. As present, the Company has not yet received any proposed terms for financing or entered into an agreement for financing.&quot;

TLSS estimates it will need to raise $60 million in financing, including $6 million in equity financing, to fund the cash portion, pay fees and transaction costs, and provide working capital for SalSon. The amount of financing represents roughly 2.4 times the market capitalization of TLSS. TLSS would also need to issue shares of common stock to close the deal if it successfully obtains financing.

The deal is expected to close 90 days after the execution of the stock purchase agreement. There is no deposit or breakup or termination fee associated with the transaction if financing is not obtained or other contingencies are not met.

&quot;We are in one of the most exciting and opportunistic times in the logistics space,&quot; said Anthony Berritto, president of SalSon. &quot;So by joining forces with TLSS, a publicly-traded company, I strongly believe that together, we can accelerate our mutual goal of growth through strategic acquisition, as well as more readily capitalize upon organic growth opportunities presently available in the industry.&quot;

Berritto is expected to run SalSon and all of TLSS&#39; existing fulfillment services subsidiaries following the deal. &quot;Berritto has agreed in principle to do so, but if the parties do not reach an agreement on employment terms, the Company does not intend to complete the transaction,&quot; the release read.

<a href="https://www.freightwaves.com/news/author/toddmaiden" rel="noreferrer noopener" target="_blank">Click for more FreightWaves articles by Todd Maiden.</a>

<ul id="block-d9f4d22a-0cbe-41cc-bbaa-4f06ce4fc4c4">
	<li><a href="https://www.freightwaves.com/news/heyl-truck-lines-buys-regional-carrier-holiday-express" rel="noreferrer noopener" target="_blank">Heyl Truck Lines buys regional carrier Holiday Express</a></li>
	<li><a href="https://www.freightwaves.com/news/may-retail-sales-supportive-of-freight-flows" rel="noreferrer noopener" target="_blank">Retail sales remain strong in May; future freight flows look promising</a></li>
	<li><a href="https://www.freightwaves.com/news/freight-boom-barrels-through-may-cass-reports" rel="noreferrer noopener" target="_blank">Freight boom barrels through May, Cass reports</a></li>
	<li>Image Sourced from Pixabay</li>
</ul>

Comments

Transportation

News

Latest news for Transportation (OTC:TLSS) Stock

Monday, June 21, 2021

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga