USF Sells Reverse Logistics Operation
USF Logistics Services Inc., a subsidiary of USF Corp., announced it has sold its reverse logistics operation, USF Processors Inc., to Carolina Logistics Services Inc
USF Logistics Services Inc., a subsidiary of USF Corp., announced it has sold its reverse logistics operation, USF Processors Inc., to Carolina Logistics Services Inc.
Reverse logistics is the process in which products are returned to their point of origin for the purpose of recapturing value or proper disposal. Details of the stock transaction were not disclosed, but USF estimates it will report a pre-tax loss of $8 million, to be recorded during the first quarter of 2005.
Carolina Logistics Services, an Inmar company, is a provider of reverse logistics, returned goods management and warehouse services. Carolina Logistics' clients include the nation's largest grocery retailers and wholesalers, drug store chains and mass merchandisers.
For more information about Carolina Logistics Services, visit www.cls.inmar.com.
For more information on USF, visit www.usfc.com.
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