PHOENIX, Aug. 19, 2013 (GLOBE NEWSWIRE) -- PTA Holdings, Inc. (Pink Sheets:PTAH), a multi-faceted transportation group providing a broad array of traditional transportation and management services, has just announced that they have established truckload service for a major supplier of bakery products serving the fast food industry based in San Antonio, Texas. Its Iowa-based refrigerated fleet will initially handle shipments from San Antonio back into the Chicago and southern Wisconsin markets.
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."
He 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 we generally operate in. 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 over the remainder of this year."
About PTA Holdings, Inc. (Pink Sheets:PTAH)
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.
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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.
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