PTA Holdings, Inc. Forms Kingsley Logistics Division to capitalize
on 585 billion dollar market for additional revenue
PHOENIX, Dec. 14, 2012 /PRNewswire/ -- PTA Holdings,
Inc. (PINKSHEETS: PTAH) announced today that its Kingsley Logistics
division will form a company-wide brokerage/logistics operation for
added revenue capture. According to American Trucking Association
(ATA) statistics, the trucking market hauled 67.9% or 8.9 billion
tons of all freight transported in the
United States. The trucking industry earned $585 billion of that amount representing 86.5% of
the nation's freight bill. The company seeks to provide
complimentary services 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, especially between
points into and out of the upper Midwest to realize increased cost
and productivity improvements and streamline brokered freight. We
expect to increase the freight volume we handle for existing
customers and increase the efficiency of our operating fleets."
"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 86.5
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.
