PHOENIX, July 29, 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.
Tim Norton, VP and Director of PTA Holdings Inc., cited a recent study supporting the company's business plan and roll-up acquisition plan for future growth. Many of the predictions related to the outlook for the industry in 2013 cite a steady growth in the industry that is expected to continue through the next 10 years. Freight tonnage is expected to increase by a total of 21% over the next decade. An upturn in the economy has presented truckers with the opportunity to expand the industry and enjoy success throughout 2013 and into the future.
Mr. Norton stated, "This study is a further indication that the strategy for growth at PTA Holdings is sound and good to see others in the industry of that same mindset."
Industry Study Referencing:
OneBeacon Insurance Group reports that IHS Global Insight and Martin Labbe Associates conducted a joint study on the economic outlook for the trucking industry. "Increased opportunities related to more freight tonnage and expanding revenue for companies across the U.S. indicates that the industry will continue to see a rise in business." To read the complete study visit http://www.adslogistics.com/blog/bid/86609/Trucking-Industry-Outlook-in-2013.
About PTA Holdings, Inc. (OTC Pink Sheets: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.
To view website go to 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.