IFC gaining momentum

Lakewood Ranch-based Integrated Freight Corp. reported a loss of $2.5 million for the nine months ending Dec. 31, with most of the contributors to the loss coming from such non-cash items as depreciation, warrant issuance expenses and stock-based compensation.

Earnings before interest, taxes and depreciation were $1.4 million. Three of the companies trucking subsidiaries posted profits of $820,000 in the period.

IFC was formed in May 2008 as a vehicle for the strategic acquisition of multiple trucking companies from across the United States. As IFC's trucking network expands, the company hopes to enjoy increased benefits from economies of scale. As a recent example, CEO Paul Henley said the firm is negotiating with Flying J, Pilot and Love's to receive a 30 cent-per-gallon, network-wide discount on diesel fuel.