PHOENIX, July 23, 2013 (GLOBE NEWSWIRE) -- PTA Holdings, Inc. (OTC Pink Sheets:PTAH) a multi-faceted transportation group providing a broad array of traditional transportation and management services, announced today that its Iowa Operations had positive results during June, seeing increases in revenues over prior periods.
Timothy Norton, V.P. and Director, stated, "We have seen a 34% revenue increase for our trucking operations, while brokerage revenue increased by 16% for a combined revenue increase of approximately 24% for the period of June over May during our 2nd quarter. This is very encouraging after seeing these increases after a typical sluggish trucking season during the winter/early spring freight hauling season. The increases were due to better utilization of equipment, addition of direct customers shipping and seasonal adjustments for produce moving from southern areas into the Midwest. We expect to release our 2nd quarter results early in August."
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 to the trucking industry. We offer logistics solutions through our Kingsley Consulting Group. Our highly experienced team of industry trained professionals bring a myriad of competencies beyond pure transportation, including manufacturing, engineering, process management, and software customization, and implementation experience. The focus of the combined companies is to expand the company via a strategic transportation industry roll-up. (See www.ptaholding.com)
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.