That's particularly bad news for the two giants of car haul: Allied Automotive Group (AAG) and Performance Transportation Services (PTS). Both companies have already filed for Chapter 11 protection - AAG in August of 2005 and PTS in January of this year.
Fortunately, predictions for PMTG are much more favorable. Our marketing and operating strategy focuses on high end delivery services for manufacturers of high end automobiles. That strategy has provided us with a customer base generating volumes far more stable than those from what was the Big 3.
Forecasts for our 4th quarter volumes remain strong . Historically those three months account for 30% of our total annual revenue. We also have new programs coming on line that will reduce costs and improve operating ratios such as our new Waybill technology, negotiation of reduced maintenance vendor costs, terminal budgeting and an improved surcharge recovery mechanism for most of our shippers.
Combined, AAG and PTS have over 5,000 trucks and 5,000 drivers. In terms of size, PMTG with only 260 drivers may seem insignificant; but in terms of financial performance and job stability, PMTG is the giant of the industry.
-- Joe Jacobson
