PTA Holdings, Inc. Iowa Fleet Expansion Continues as a Result of San Antonio, Texas Shipments to Its Midwestern Base of Opera...
10 Septembre 2013 - 2:11PM
PTA Holdings, Inc. (Pink Sheets:PTAH), a
multi-faceted transportation group providing a broad array of
traditional transportation and management services,
recently announced that they have established
truckload service for a major supplier of bakery products serving
the fast food industry based in San Antonio, Texas.
Tim Norton, VP and Director of PTA Holdings, stated that, "This
new business opportunity has resulted from our company handling
inbound refrigerated shipments of eggs and produce from our
Midwestern customers on a consistent year around basis opening the
door for our acquiring a portion of the new shipper's outbound
products. Initially the volume will be 6-8 extra loads on a
weekly basis into our Midwest service areas with an opportunity to
expand based upon ability to acquire additional operating equipment
and we are pleased to report that we are now seeing increased
inbound freight from our customer and even more importantly those
shipments match up with the customer's outbound product shipments.
The result is a drastic reduction in "dead-head" miles for our
fleet, which is the key to our generating profitable freight lane
activity."
Mr. Norton further stated; "We have been working to expand our
market segments beyond the Agricultural Markets to include food
manufacturers and other related industries and have been successful
in attracting new customers in the North/South traffic lane where
we generally operate. Customers such as the one in San Antonio
desire quality asset-based refrigerate carriers that have the
weekly capacity 52 weeks out of the year. We expect that the
addition of these customers will greatly improve our profitability
for the remainder of 2013."
About PTA Holdings, Inc. (Pink
Sheets:PTAH)
Kingsley Logistics Group, acquired in June of 2012, is a
multi-faceted group providing a broad array of traditional
transportation and management services. The focus of the combined
companies is to expand the company via a strategic transportation
industry roll-up. To view website go to www.ptaholding.com
Notice on Forward-Looking Statements:
This news release includes forward-looking statements regarding
PTA Holdings, Inc. and its business. Such statements are based on
management's current expectations. The forward-looking events and
circumstances discussed in this release may not occur and actual
results could differ materially as a result of known and unknown
risk factors and uncertainties. Forward-looking statements speak
only as of the date on which they are made and PTA Holdings, Inc.
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
CONTACT: Investor Relations Contact: ir@ptaholdings.net
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Bryan Black at 866-465-6551
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