"Greystone Logistics Loses 11-Year Client in a Single Day, Proving Even Long-Term Relationships Can End Faster Than a GitHub Merge Request"

In a shocking turn of events, Greystone Logistics, Inc. (GLGI) announced during its Q2 2026 earnings call that its 11-year relationship with client iGPS had come to an abrupt end, with the customer unceremoniously pulling the plug on their contract. This unexpected move left Greystone reeling, as the loss of such a long-standing and presumably stable client sent shockwaves through the company's financials. CEO Warren Kruger, who also serves as Chairman, President, CFO, and Principal Financial & Accounting Officer, attempted to explain the situation, noting that the sudden loss of iGPS as a client resulted in a significant exogenous event that materially impacted Greystone's Q2 performance. The incident highlights the unpredictability of even the longest-standing business relationships in the tech and logistics sectors. With Greystone's earnings call painting a picture of a company caught off guard, the event serves as a stark reminder to businesses of the importance of diversifying their client base to mitigate against such risks. As the company navigates this challenging period, it remains to be seen how Greystone will adapt and potentially rebuild its revenue streams in the face of such a significant loss.