Posted September 29, 2018 07:12:00The American logistics company Global Logistics Solutions, which is the subject of an Indiegogo crowdfunding campaign to raise $5.5 million, announced on Tuesday that it is no longer in the business of running global logistics operations, the company announced in a press release.
The company, which started in 2003 as a joint venture between American Airlines and Continental Airlines, has since gone bankrupt.
“Global Logistics is an American company, founded in 2003, and is a global company that operates in all major markets and markets worldwide,” the company said in a statement.
“We have been working hard to provide our customers with high-quality products at reasonable prices, which have been well received by customers and partners.
We are confident that we can continue to provide the best services to our customers and customers will continue to be able to trust us.”
The company said it was still committed to delivering the products it has delivered to customers and is still committed, however, to restructuring its operations and reducing costs to reduce its debt and risk profile.
Global Logics has about 40 employees in New York, according to its website, and it has been operating since 2002.
The firm was founded by American Airlines CEO Ed Bastian and Continental CEO Brian McNealy.