TLSS Announces Financial Results for the Three and Nine Months Ended September 30, 2023
Corrective Measures Expected To Address Operating Losses JUPITER, FL / ACCESSWIRE / November 15, 2023 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS), ("TLSS", or the "Company"), the parent company of certain wholly-owned operating subsidiaries, which together, provide a suite of logistics and transportation services, today announced that on November 14, 2023, the Company had timely filed its Quarterly Report on Form 10-Q, for the three and nine months ended September 30, 2023. Mr. Sebastian Giordano, Chairman and Chief Executive Officer of TLSS, stated, "While year over year revenues reflect an increase over the prior three-month and nine-month periods based primarily upon 2022 and 2023 acquisitions, we did experience lower than expected revenues and higher than expected losses in our operations, most notably in the Freight Connections subsidiary, where revenues dropped significantly in Q2 and Q3.
