FreightWaves Donates $7,400 To American Logistics Aid Network In First Phase Of $50,000 Fundaisring Plan

Freight intelligence company FreightWaves presented the American Logistics Aid Network with a $7,400 check on May 8 as part of FreightWaves' initiative to raise $50,000 in support of the humanitarian logistics organization's work.

Chattanooga, Tennessee-based FreightWaves had announced it would contribute $50 to the group for each scale-model truck that was donated to its "Haul of Fame," a wing at its new headquarters that commemorates past and present-day trucking companies. According to Criag Fuller, CEO and managing director of FreightWaves, 49 trucks have been donated to the wing since it opened at the "Freight Alley" headquarters in March.

The funds were presented on the third day of FreightWaves' annual Transparency19 conference in Atlanta.

Formed in 2005 following Hurricane Katrina, the non-profit agency better known as "ALAN" connects companies that have logistics resources to organizations that are responding to disasters and need logistics support. Logistics plays a critical role in disaster response, especially after the first 24-72 hours during which time relief groups are focused on survivor recovery, and providing basic needs such as food, water and shelter. It is estimated that logistics accounts for between 60 to 80 percent of the total cost of disaster response.

"ALAN does incredible work during the most difficult of times," Fuller said. "Its efforts demonstrate the importance of what our industry does, and it represents the best of what we have to offer – utilizing our capabilities as a force for good. We will continue to support ALAN's efforts well into the future."

"I am grateful for FreightWaves' donation and its continued support of our group and its work," said Kathy Fulton, the group's executive director. "FreightWaves is the most exciting organization to enter the transportation, logistics and freight industry in years. What is truly admirable is its commitment to the industry and to the many qualities that make it unique. We are proud to be associated with such a dynamic group of people."

The post FreightWaves donates $7,400 to American Logistics Aid Network in first phase of $50,000 fund-raising plan appeared first on FreightWaves.

Image sourced from Pixabay

Market News and Data brought to you by Benzinga APIs
Posted In: NewsMarketsGeneralFreightFreightwavesfundraisingLogisticsSupply Chain
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!