US delivery firm Velocity Express has announced that it recently signed a multi-year contractrenewal, representing more than $13 million in revenue per annum, with one of the world’s largest
financial institutions. The name of the customer was not disclosed.As part of the agreement, Velocity Express will continue to manage the primary transportationneeds for this customer in key business regions across the country, including markets in the south,northeast and west coast states.
Velocity Express said that the contract extension helps to reaffirm its position as theleading provider of time-definite regional delivery solutions to the financial services sector. Thecompany provides daily service to and from thousands of bank branches and proof centers across theUnited States.
“This significant contract renewal demonstrates the value we bring to our customers everyday,” said Drew Kronick, Executive Vice President of Velocity Express. “We are excited with thisopportunity to continue to serve this important customer, and further to expand our serviceoffering to the financial services industry.”
The contract renewal extends the agreement to September 30, 2008, subject to the standardterms of trade.
