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.
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