PTG Focuses on Air-Expedited Freight, Line of Credit Extended
October 9, 2000
Professional Transportation Group is restructuring its organization to focus on the air-expedited freight community.
PTG also expects to reduce its employee workforce by approximately 20 employees. Company officials say that the jobs to be eliminated are staff support positions in its Marietta, Ga., corporate headquarters and are not critical to its future business.
PTG has also announced that its credit facility with its primary lender SouthTrust Bank has been extended until Nov. 30, and the lender has increased the company's line of credit from $16 million to $16.5 million.