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
Hidden Costs of Lineworker and CDL Training in California
The True Financial Picture of Skilled Trade Programs Ever wonder why that flashy tuition number doesn't line up with your wallet by the end of your training days? That's the reality smashing aspiring lineworkers and future truck drivers in Northern California right in the face. We're talking about a full breakdown here, beyond what the glossy brochures ever tell you....
Continue Reading
Ember Stays Tops 2026 Rankings for St. George Rentals
Ember Stays Takes the Crown in St. George Another day, another accolade for Ember Stays, folks. This time, they’ve snagged the #1 spot in Airbtics’ latest ranking among 28 players in the St. George vacation rental scene. Not too shabby, considering the earlier nod from Manager Review in June. Let's just say, this outfit's not here to mess around. What Makes Ember...
Continue Reading
SHOPLINE's Pitch Day: 14 Brands in the Spotlight
SHOPLINE's Los Angeles Event Highlights Emerging Brands Flip the calendar back to October 1, and you'll find me soaking in the scene at the sprawling halls of SHOPLINE and Plug and Play’s latest event. This wasn’t your run-of-the-mill networking affair; it was a caffeine-fueled, adrenaline-pumping showcase of 14 up-and-coming consumer brands. Now, if there's one thing...
Continue Reading
Bluevua Triumphs with Three BASA Awards Wins
Bluevua Sweeps the 2026 BASA Awards Stacking accolades like old trading wins, Bluevua just clinched not one, not two, but three 2026 Best of America Small Business Awards (BASA Awards®). If that's not a feather in their cap, I don't know what is. For the uninitiated, these BASA nods are no small potatoes—they're like the Oscars for small businesses. Bluevua, known for...
Continue Reading
Silvercorp Updates El Domo Budget Amid Challenges
Budget Pains for Silvercorp's El Domo Project Folks, if you thought navigating the stock market was a minefield, try mining these days. Silvercorp Metals Inc. had to bump up its budget for the El Domo project in Ecuador—again. This time by $14.6 million. What's causing this fiscal heartache? Everything from rising diesel prices thanks to Ecuador playing games with...
Continue Reading
Chicken Salad Chick Expands in Minnesota, Opens New Location
Chicken Salad Chick Spreads its Wings in Minnesota There's something special cooking in Maple Grove, and it's not just another batch of chicken salad. Come November 17, Chicken Salad Chick is opening its second location in the state at The Fountains at Arbor Lakes. A fast-casual concept that's all about that Southern flair, this joint is ready to dish out not just...
Continue Reading
Endava's Stock Takes a Hit Amidst Legal Woes
Endava's Rough Ride in the Courts Nothing like a financial soap opera to jolt the market awake. Endava's stock, NYSE:DAVA, took a nasty tumble—down 24.37%—following news that their Chief Financial Officer was put on ice amid an investigation. Investors now find themselves tangled in a securities lawsuit, filed by Glancy Prongay Wolke & Rotter LLP, accusing the company...
Continue Reading
DraftKings Faces Scrutiny Over AI Use in Promotions
DraftKings Under the Legal Microscope So here's a doozy that’s rattling through Beantown: DraftKings, the sportsbook titan, might be walking on financial eggshells thanks to their bold use of artificial intelligence. Shapiro Haber & Urmy, a doughty Boston legal jockey, is giving the high sign to users about a consumer class action investigation involving DraftKings'...
Continue Reading
High School Interns Shine at SecurityBakeoff Project
Teen Talent Takes Center Stage at QED Would you trust a group of high schoolers with your cybersecurity needs? Well, turns out it might not be such a bad idea. QED Secure Solutions has turned the spotlight on three brilliant young interns who are leading the charge on a project called SecurityBakeoff. It's not just another classroom exercise—these teens are creating...
Continue Reading
Flexcompute's Physics Twin Revolutionizes Space Docking
There's a new player shaking up the space game, and it's called the Physics Twin. Flexcompute, a trailblazer in AI-driven physics modeling, just rolled this out to help figure out how thruster plumes mess with nearby spacecraft. Trust me, this ain't your garden-variety simulation tool. Why Thruster Plumes Matter If you're in the business of dancing spacecraft around each...
Continue ReadingTop 5 Most Recently Viewed Articles
Screen Education Launches Innovative AI Self-Training Method
Revolutionizing Corporate Training with AI Self-Training In today's fast-paced work environment, developing job-critical skills efficiently is vital. Screen Education has introduced an innovative training method known as AI Self-Training. This approach empowers employees to take charge of their learning by utilizing AI chatbots as personalized research assistants and...
Continue Reading
Revolutionizing Prenatal Care: Pulsenmore's FDA Approval News
Introduction to Pulsenmore's Innovative Technology Pulsenmore Ltd. is making significant strides in the healthcare sector by transforming prenatal care with groundbreaking technology. Recently, the company announced that the U.S. Food and Drug Administration (FDA) has granted De Novo marketing authorization for its new product, the Pulsenmore ES. This home-use prenatal...
Continue Reading
Emirates Expands Boeing 777-9 Fleet with GE9X Engine Deal
Emirates and GE Aerospace Strengthen Their Partnership In a significant move for the aviation industry, Emirates has announced a deal with GE Aerospace for the procurement of 130 GE9X engines. This order is set to empower the airline's expanding fleet of Boeing 777-9 aircraft, reaffirming Emirates' position as a leading player in the aviation sector. Details of the...
Continue Reading
Critical Claims Investigation: Allarity Therapeutics Investor Alert
Introduction: Understanding the Situation at Allarity Therapeutics In the world of investing, timing and information can make all the difference. Current events surrounding Allarity Therapeutics, Inc. (NASDAQ: ALLR) have drawn the attention of investors and legal experts alike. Faruqi & Faruqi, LLP is taking a closer look at the potential claims affecting shareholders who...
Continue Reading
TECO Partners with BRIST to Launch Innovative EV Solutions
TECO Expands EV Solutions in Europe TECO Electric & Machinery Co., Ltd. (TWSE1504) has made a significant move in the European market by partnering with Italy's esteemed axle manufacturer BRIST. This collaboration aims to introduce integrated e-axle solutions at Busworld Brussels, marking an exciting new chapter for TECO in the realm of electric vehicles. A Strategic...
Continue Reading