Friday, July 28, 2006

Will new cargo operation at Toledo Express smell like a rose?

Or wither on the vine...

It appears from reading this Toledo Blade article that there are those who are optimistic and those who are concerned about Global Perishables Exchange and Express and the possibility of Toledo Express becoming the midwest hub for imported flowers. As a previous article states here's the challenge:

Toledo's problem, Mr. Toth and port authority President James Hartung said, is that it has no track record handling the perishables business, and no one wants to take the risk of being the first to encounter unexpected problems.

"Everybody's waiting for somebody else to make the move," said Mr. Hartung, who called the airport's 4,400-square-foot processing center "the most entrepreneurial thing the port authority has ever done."

In a telephone interview later yesterday, Mr. Friedman (Glopexx's president and primary investor) said $300,000 is the bare minimum with which he would start the venture, but he hopes to raise more.

Chartering one flight from South America would cost more than $120,000, he said, so the project would have "a very short fuse" without greater capitalization.

"This is a very difficult thing to do, and there's a lot of moving parts to it that we have no control over and the airport has no control over," Mr. Friedman said.


Glopexx has their website up and ready to go. So let's hope the flowers start rolling in.

2 comments:

Hooda Thunkit (Dave Zawodny) said...
This comment has been removed by a blog administrator.
Hooda Thunkit (Dave Zawodny) said...

Lisa,
This sounds like a real winner to me.

And, to the risk-taker belong the profits.

I wish GlobEx the very best of luck and good fortune!