An accomplished senior executive, Chris Jamroz serves as CEO of St. George Logistics Holdings (STG). The South Kearny, New Jersey-based company is the nation’s leader in the container freight station market, doing business in major ports on both the west and the east coast. Toward the close of 2016, Chris Jamroz was interviewed by the publication American Shipper, where he discussed his undervalued industry.
The container freight station, or CFS, industry accounts for about 15 percent of the total container shipping industry, yet it is highly fragmented. And because the logistics involved in the types of less-than-container loads (LTL) shipped by CFS companies are far more complex and exacting than those that obtain for the full-container-load segment of the industry, barriers to entry are often next to insurmountable.
Mr. Jamroz observed that the fragmentation among the CFS industry’s approximately 1,500 firms is not conducive to attracting investment. To add to the problem, the industry’s costs of operation and increasingly complicated logistics are joined by the volatility of world markets.
Mr. Jamroz believes that his industry is ripe for consolidation and a thorough modernization, and has directed STG along these lines in its broad investment strategies.