PHOENIX, June 12, 2013 /PRNewswire/ -- PTA Holdings, Inc. (OTC Pink Sheets: PTAH), a multi-faceted transportation group providing a broad array of traditional transportation and management services, through its Iowa subsidiaries, announced today that its second quarter revenues are on target with earlier projections.
"Even though the first quarter in our industry tended to be somewhat weak considering winter conditions, we are seeing real positives for our business during the second quarter," stated Tim Norton, Vice President Operations. He further stated, "We have added additional tractors and trailers during the quarter that will enhance the expansion of and profitability of our Iowa and Midwest business base. Based upon the 2nd quarter of 2012, the company will see an increase of revenues of over 600% and second quarter over first quarter, 2013, revenue trend continues to increase." According to American Trucking Association (ATA) statistics, motor carriers collected $603.9 billion, or 80.9% of total revenue earned by all transport modes and as the economy continues to improve the trend is expected to continue.
About PTA Holdings, Inc. (OTC: 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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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.