Craters & Freighters Nearly Doubles Earnings And Continues Steady Franchise Growth

Craters & Freighters, the national leader in specialty freight solutions, announced the company has nearly doubled revenue and added 22 new franchises across the United States in the past five years. Steady growth, ventures into commercial markets, and global logistics makes it a leader in the consumer and commercial shipping markets and one of the fastest-growing franchises in its class.

The Colorado-headquartered Craters & Freighters estimates company revenues at $45 million by the end of 2007, nearly double its reported revenues of $25 million in 2003. The company's franchise growth has steadily increased since it first began selling franchises in 1991. Currently, Craters & Freighters has 66 franchises across the United States. The company added 11 new franchises in the last three years, with only a limited number left before all its U.S. franchises are sold.

"We took a hard look at the marketplace to determine growth opportunities for our local franchises across the country, and made strategic business decisions that brought us to where we are today," said Diane Gibson, President and CEO of Craters & Freighters. "By building upon our successful arts and antiques sector, we grew our commercial and industrial shipping segment and expanded into global logistics. It was one of the smartest investments that we have made." Craters & Freighters developed a business model to garner new clients including Fortune 500 companies in the commercial and industrial sector by training franchisees on specific crating techniques and specifications for the electronics, medical and government industries. This training and education not only helped build franchise revenues, but the core business experienced fantastic growth as well.

"We found our niche in industrial crating and unique custom shipments. Few companies can custom engineer crates or have the training to engineer a crating and shipping solution," said Janet Fastabend, franchise owner of Craters & Freighters in South Chicago. "Once I could offer a custom engineered solution to businesses, my franchise location started to grow and exceeded my financial projections because of the unique services we provide to industrial and manufacturing companies." With commercial and industrial business customers across the U.S., Craters & Freighters expanded its business globally and launched its Global Logistics division in 2005. The division creates custom logistic solutions for complex domestic and international packaging, crating and shipping needs through a central management team.

Craters & Freighters has been a key partner to West Corporation, a leading provider of outsourced communication solutions to many of the world's largest companies, organizations and government agencies.

"Many of our servers are highly expensive. Craters & Freighters comes to our site to pick them up, pack and crate them, track their travels and take care of things at the other end. When our clients see a Craters & Freighters crate arrive at their site, they see the quality packaging and attention to detail that they would expect from us," said David Hybner, Director of Corporate Purchasing for West. "These complex equipment assemblies are shipped all over the United States from Virginia to Washington State, as well as internationally from Singapore to the United Kingdom. Shipping is a big job and having to focus on it takes attention away from our core business. Having such a dependable partnership has made such a difference to our everyday business operations." About Craters & Freighters Craters & Freighters, founded in 1990, is headquartered in Golden, Colorado and is the national leader in specialty freight solutions, providing expert packaging, crating and shipping services from locations nationwide. The company expanded through franchising nationally beginning in 1991 with additional territories available. For more information, visit http://www.CratersandFreighters.com.

SOURCE Craters & Freighters

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