BOLTON, Ontario, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) today announced it has achieved Platinum status on the Northbridge Insurance ‘Transportation Best Practices Profile’, ranking it among the top 10% of Canadian trucking fleets in creating, implementing and delivering industry best practices in safety management. Northbridge Insurance is Canada’s top underwriter of truck fleet insurance.
“We are honored and proud that our fleet has been recognized among the top 10% in this prestigious ranking by Canada’s leading truck insurance underwriter,” said Ted Daniel, CEO of Titanium. “This ranking underscores our steadfast commitment to ensuring the safety of our drivers and the public. Safety is our top priority and a cornerstone of our corporate social responsibility.”
Marilyn Daniel, COO, Titanium Transportation added, “Leading with safety has been an important differentiator in providing excellent service to our customers. Our dedication to always adhering to the highest safety standards combined with our strong track record of reliable and safe drivers has enabled us to maintain low insurance and claim costs – a real competitive advantage.”
The Company is also pleased to announce it has been selected to help develop a new mobile application by NAL Insurance called Good Driver. This new technology looks to reward good drivers who are helping to reduce the probability of accidents. This technology is expected to track driving behaviour, award points for good driving and deduct points for events that have been found to increase the likelihood of an accident.
About Titanium
Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with approximately 450 power units, 1,500 trailers and 550 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 1,000 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed ten asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for nine consecutive years.
Cautionary statement regarding forward-looking statements
Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. Particularly, statements regarding future acquisitions, the availability of credit, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts.
Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Titanium Transportation Group Inc.
Kasia Malz, CPA, CA
Chief Financial Officer
(905) 266-3036
investors@ttgi.com
www.ttgi.com