Transportation and Logistics Systems Inc (TLSS) is a defunct transportation and logistics company that previously provided asset-based logistics and delivery services across the northeastern United States. The company generated revenue by owning its transportation equipment and employing its own drivers to deliver ecommerce fulfillment, last-mile, two-person home delivery, mid-mile, and long-haul services. TLSS ceased all revenue-generating operations in mid-February 2024 after failing to secure the working capital needed to sustain its subsidiaries. Multiple operating subsidiaries, including Cougar Express and Freight Connections, filed Chapter 7 bankruptcy petitions in 2023 and 2024. As of the 10-K filed March 30, 2026, TLSS has no operating business, remains insolvent, and has never been profitable. The company is dependent on promissory note financing to fund SEC reporting obligations and is assessing whether it can enter new lines of business through acquisition or otherwise, with no assurance of success. Sebastian Giordano serves as both Chief Executive Officer and Chief Financial Officer.

Revenue model

Transactional, asset-based delivery and logistics services. Revenue was generated by owning transportation equipment and employing drivers to perform deliveries. As of mid-February 2024, all revenue-generating operations ceased.

Products and services

Ecommerce fulfillment, last-mile delivery, two-person home delivery, mid-mile transport, long-haul transport, warehousing, pickup and delivery, consolidation, distribution, and local cartage services. Subsidiaries included Cougar Express, JFK Cartage, and Freight Connections.

Customers and end markets

Ecommerce shippers and retailers requiring last-mile and home delivery services in the northeastern United States. No specific customer names or concentration data are disclosed in the filing excerpts.

Value-chain role

Asset-based carrier and third-party logistics operator. Owned the majority of its transportation equipment and employed the majority of its drivers, distinguishing it from non-asset-based (brokerage) models.

Geographic exposure

Northeastern United States. Warehouse locations in New York, New Jersey, Connecticut, and Massachusetts, with tri-state area focus.

Source: SEC 10-K, filed 2026-03-30

Industry: Transportation Services Peers: Cannagistics Inc. Air Transport Services Group, Inc. Air T Inc Freight Technologies Inc Radiant Logistics Inc Hub Group Inc Janel Corp United Parcel Service Inc