PTAH >> ENTERIN $600B LEASING MARKET
PTA Holdings Inc. Forms Kingsley Leasing Division to Increase Penetration of $603 Billion Market
2013-01-25 09:00 ET - News Release
PHOENIX, Jan. 25, 2013 /PRNewswire/ -- PTA Holdings, Inc. (OTC Pink Sheets: PTAH) announced today that its Kingsley Logistics division will form a company-wide leasing operation for support of fleet operations and added revenue capture. According to American Trucking Association (ATA) statistics, trucking serves as a barometer of the U.S. economy, representing 67% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 9.2 billion tons of freight in 2011. Motor carriers collected $603.9 billion, or 80.9% of total revenue earned by all transport modes. The company seeks to provide leasing services for its fleet operations and become a one stop shop for its clients in the Midwest.
Leonard J. Lewensohn, President stated; "Historically our targeted subsidiary companies have operated in well-established geographic traffic lanes defined by our customers' distribution patterns. Under our roll-up and integration strategy, we are able to take advantage of overlap of freight within the most heavily traveled lanes, and the addition of a leasing operation making operating equipment available for expansion will be a key element in our expansion plans for the company. By any standard of measurement, the trucking industry continues to dominate the freight transportation market. Nearly every product consumed is transported by truck at some point in time. In other words trucking on average, collected 80.9 cents on every dollar spent of freight transportation. For-hire (truckload and less than truckload) and private carriage together accounted for these tonnage and revenue amounts." Lewensohn added.
About PTA Holdings, Inc.
Kingsley Logistics Group, acquired in June of 2012, is a multi-faceted transportation 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.
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.
For more information, visit http://www.ptaholdings.net Telephone (877)-636-4520
Investor Relations Contact: ir@ptaholdings.net
SOURCE PTA Holdings, Inc.
PTAH ENTERIN $600B LEASING MARKET PTA Holdings Inc. Forms
Top 10 Most Recent News Articles
LG OLED evo W6: UAE Roadshow Starts with a Bang
They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...
Continue Reading
Hyliion Class Action Deadline Nears for Investors
Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...
Continue Reading
Masimo's smartSET™ Revolutionizes Patient Monitoring
Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...
Continue Reading
AEVEX Facing Class Action Deadline Amid Stock Turmoil
Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...
Continue Reading
Weifang's Cultural Resurgence: A Global Epigraphy Fest
A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...
Continue Reading
Innventure Faces Major Lawsuit Over Misleading Investors
Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...
Continue Reading
Voter Events by Valley Community Healthcare Aim to Empower
Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....
Continue ReadingTop 5 Most Recently Viewed Articles
Tonix Pharmaceuticals Elevates Siobhan Fogarty to CTO Role
Tonix Pharmaceuticals Announces Siobhan Fogarty as CTO Ms. Fogarty has served at Tonix since 2016, most recently as Executive Vice President, Product Development. Tonix aims for a potential launch of TNX-102 SL, targeting the management of fibromyalgia, with the U.S. FDA PDUFA goal date set for a future decision. CHATHAM, N.J. – Tonix Pharmaceuticals Holding Corp....
Continue Reading
Nokia Enhances Shareholder Value Through Strategic Buybacks
Nokia's Strategic Approach to Share Buybacks Nokia Corporation (NYSE:NOK), a leading global technology firm, has recently undertaken a strategic initiative to buy back its own shares. This move, executed on a recent Monday, involved the acquisition of 872,093 shares at an average price of 4.29 euros on the Helsinki Stock Exchange (XHEL). This share buyback plan is crucial...
Continue Reading
Top Dividend Stocks in Tech and Telecom Create Opportunities
Investing in High-Yield Dividend Stocks In today's unpredictable market, many investors are increasingly drawn to stocks that offer solid dividend yields. These companies typically demonstrate robust free cash flow, which enables them to reward shareholders consistently with dividends. Spotlight on Top Dividend Stocks Three notable stocks in the telecom industry exhibit...
Continue Reading
AltaGas Ltd Thrives in Q3 2024 with Strong Financial Growth
Strong Q3 2024 Financial Performance by AltaGas Ltd AltaGas Ltd (TSX: ALA) recently unveiled remarkable financial and operational results for the third quarter of 2024, demonstrating a robust year-over-year performance amidst market challenges. The company reported a 17% growth in normalized EBITDA, amounting to $294 million, paired with a significant increase in...
Continue Reading
SouthState Corporation Set for Second Quarter Earnings Report
SouthState Corporation's Upcoming Earnings Announcement SouthState Corporation (NYSE: SSB) is poised to announce its financial results for the second quarter of 2025. This eagerly awaited release will take place following the market's closure on a Thursday. Details of the Earnings Release The financial results will be made available on SouthState's official website....
Continue Reading