Company History: Carolina Freight Corporation is the holding company for several general freight trucking operations. The combined revenue of Carolina Freight's major operating subsidiaries puts the corporation among the ten largest motor carriers in the United States. These subsidiaries include Carolina Freight Carriers Corporation, G.I. Trucking Company, Red Arrow Freight Lines, Inc., Cardinal Freight Carriers, Inc., and Complete Leasing Concepts, Inc. Carolina Freight Carriers accounts for over three quarters of the company's revenue. Three of these companies--Carolina, G.I., and Red Arrow--are primarily less-than-truckload (LTL) carriers. LTL refers to cargo shipments of less than 10,000 pounds, or one quarter of the actual capacity of most van trailers. LTL operations consolidate these smaller shipments into full trailer loads using a system of centrally located terminals. Carolina Freight Corporation (CFC) also provides international service as a non-vessel operating common carrier. By working in tandem with other companies, particularly ocean carriers, CFC serves over 120 countries, consolidating shipments into containers that are transportable by ocean vessels and sending them on combined freight bills to agents in the receiving countries. CFC operates subsidiaries in Canada and Mexico--Carolina Freight Canada, Ltd., and Carolina Freight de Mexico, S.A. de C.V.--and maintains a branch office in Rotterdam, the Netherlands. The entire CFC operation transported 3.8 million tons of freight in 6.4 million shipments over 240 million intercity miles in 1991. The company's fleet consists of over 4,000 tractors, more than 12,000 trailers, and 181 trucks. read more......



CAROLINA FREIGHT CORPORATION -- Company History