PTA Holdings Inc. Enters Produce Hauling Market & Improves Loaded Mile Efficiency
PHOENIX, March 25, 2013 /PRNewswire/ -- PTA Holdings, Inc. (OTCPink: PTAH) through its subsidiary Nortford, LLC announced today that it has begun serving the produce industry by transporting perishable food products from the Southern markets into various locations in the Midwest. The entry into this business segment will help ensure proper utilization of the company fleet of refrigerated trailers and increase the company's rate per mile performance. Utilization of operating over the road equipment produces more revenue pay per mile which is the key to a motor carrier's success.
Matt Spafford, President was quoted saying, "We continually monitor the business to build customer traffic and ensure proper fleet utilization to reduce the effect of empty miles. Perishable food products in general continue to provide a strong segment of the transportation market and move at higher rates. As the company begins servicing customers in different geographic areas, our utilization rates will continue to rise and provides better balance for our egg shipments," Spafford 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.
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SOURCE PTA Holdings, Inc.