LeeWay Services, Inc.

General Information

We are in the logistics and supply chain business. We operate a freight brokerage and transportation business, providing comprehensive transportation management solutions for shippers and carriers. We deliver a one-stop freight management platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. We deliver value-driven logistics solutions powered by effective technology and distinguished by personalized service built on solid relationships. We are building a next-generation digital freight platform that we believe will transform the highly fragmented $1 trillion transportation and logistics sector. 

Logistics is the lifeblood of our economy, powering the movement of goods and connecting the engines of production and consumption. We aspire to revolutionize logistics, improve efficiency across the value and supply chain and reduce the carbon footprint for our planet. Our goal is to leverage technology to eliminate inefficiencies and create economic opportunity across the freight ecosystem. Our team is comprised of innovators seeking to build the best products for all parties in the freight industry and to provide shippers and carriers with unparalleled transparency.

We also began operating a specialty financial services business in 2019 that we believe will become a next-generation, end-to-end cloud-based financing platform for small and medium-sized companies primarily in the e-commerce marketplace.  By combining industry-leading technology and security with the expertise and care of our team, we serve e-commerce business owners nationwide with efficiency, simplicity, transparency and reliability by providing alternative financial products to help them grow. This same technology will also allow our freight brokerage to offer quick pay and factoring services to their carrier and shippers, all with a one-click simple process.

We are also in the process of developing proprietary mobile applications and other transportation financial products that can be used by shippers, carriers and other freight brokers.

*Note: Revenue and net income are for the 12 months that ended June 30, 2022.

(Note: LeeWay Services, Inc. increased the size of its IPO to 3.0 million shares – up from 1.6 million shares in a June 2023 filing – and kept the price at $5.00 – to raise $15.0 million, according to an S-1/A filing dated Aug. 24, 2023.)

(Note: The Street hears that LeeWay Services will re-file with the SEC – updating the financial statements in its prospectus – and that’s why this IPO jumped off the IPO Calendar on Tuesday, Feb. 7, 2023. It will be back, the Street hears.)

(Note: LeeWay Services, Inc. reduced the size of its micro-cap IPO by 67 percent – to 1.0 million shares, down from 3.0 million shares – and kept the price at $5.00 in an S-1/A filing dated Feb. 6, 2023. LeeWay Services disclosed the terms for its IPO in an S-1/A filing dated Sept. 21, 2022. LeeWay Services, Inc. disclosed that its proposed stock symbol is “LEWY” for its IPO, which will be a NASDAQ listing of common stock, in an S-1/A filing dated Aug. 26, 2022. LeeWay Services, Inc. filed its S-1 (prospectus) on June 13, 2022; it filed confidentially to go public on Feb. 14, 2022.)

Industry: Trucking - Freight brokerage and transportation
Employees: 27
Founded: 1934
Contact Information
Address 2150 South 1300 East, Suite 360 Salt Lake City, UT 84106
Phone Number 385-715-7200
Web Address http://www.leewayservices.com/
View Prospectus: LeeWay Services, Inc.
Financial Information
Market Cap $49.57mil
Revenues $35.06 mil (last 12 months)
Net Income $1.18 mil (last 12 months)
IPO Profile
Symbol LEWY
Exchange NYSE - American
Shares (millions): 3.0
Price range $5.00 - $5.00
Est. $ Volume $15.0 mil
Manager / Joint Managers ThinkEquity
Expected To Trade:
Day: Friday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change