Association of Corporate Growth: Lake Truck Lines Fastest Growing Company in San Antonio
SAN ANTONIO, Aug. 12, 2014 /PRNewswire/ -- Lake Truck Lines (LTL) received the Association of Corporate Growth-Central Texas Chapter's award for the fastest growing company in the San Antonio area for the second year in a row. The honor was presented to LTL as part of the Association of Corporate Growth 2014 Outstanding Growth & Emerging Company Award ceremony.
"First and foremost, our goal is to provide solutions for our clients," said Douglas Cain, President of LTL. "As a result of that continuously improving service, Lake Truck Lines has experienced significant growth at a very fast pace."
Lake Truck Lines experienced 300-percent growth within three years after relocating its headquarters from Houston to San Antonio. This catapulted the company to the frontline of the oilfield services industry and has since given LTL the ability to open two new divisions – Lake Manufacturing and Lake Oil Field Services.
"I owe a great deal to Lake Truck Lines' exceptional employees, committed partners, and the rigorous 15-month employee training program we call Lake University," said Cain. "A great deal of this 'smart expansion' can also be credited to our CEO, Peter Braeuler."
According to Cain, Lake Truck Lines' sophisticated business model is far ahead of other carriers'.
"When a San Antonio company is recognized for its rapid growth, it is an endorsement of the economic strength of our region," said San Antonio Economic Development Foundation Chair Steve Waters. "Many companies, including LTL, have made the decision to expand in the Eagle Ford Shale area because of the opportunity to supply goods and services required by the oil and gas industry. A growing company means new jobs for the city's workforce and a positive economic impact for San Antonio and Bexar County."
LTL transports cement, frac sand, and barite along with various chemicals to well sites in Texas and New Mexico. LTL builds a complete line of equipment for the cementing and barite industries, as well as its own trailers, through its Lake Manufacturing division in Torreon, Mexico. Lake Oilfield Services sells, leases, and maintains the equipment.
SOURCE Lake Truck Lines