PTG Buys California LTL Carrier
May 19, 2000
Professional Transportation Group, Marietta, GA is buying Dedicated Transportation Services, Inc., an LTL carrier based in Santa Ana, CA.
DTS had revenue in its most recent
fiscal year of around $44 million and has over 300 employees located in 70 offices
nationwide. PTG plans to continue operating it with its current management. No employees from either company are expected to lose their jobs. The two companies have had a long-term business relationship previously.
Dennis A. Bakal, president and chief executive officer of PTG expected the acquisition to improve equipment utilization and increase driver retention through the development of more dedicated runs.
"Bringing these two companies together creates a nationwide, seamless, expedited
less-than-truckload and full-truckload network completely equipped with state-of-the-art GPS
satellite communication technologies. The combined operations of the two companies create an even more dynamic, flexible option for airfreight forwarders and expedited air cargo customers," he said.