Driver Pay Increases

PMTG has been very active during the last several months working on the renewal of customer contracts with Daimler Chrysler (Jeep – Toledo) and Subaru (Lafayette).  Both of theses customers offer PMTG return freight to our origin points on the East coast and Southern states for vehicles destined for the mid-west.

PMTG is pleased to announce that we have extended our existing contract with Subaru for an additional year and have received an increase in our rates.  We are also pleased to announce a driver pay increase for the Subaru cars.  The current Subaru East bound vehicles pay rate of $44.78 per vehicle will increase to $49.98 per vehicle, effective 9/1/06.  The current Subaru South bound vehicles pay rate of $39.46 per vehicle will increase to $43.82 per vehicle,  effective 9/1/06.

In addition, Jeep has awarded PMTG a new 3-year contract with a rate increase that will extend our relationship with Jeep into 2009.  PMTG is announcing a driver pay increase for Jeep vehicles from $25.00 per vehicle to $26.65 per vehicle, effective 9/1/06.

Please note that the driver pay examples above represent the initial driver pay level from the driver longevity pay program and will increase according to your individual seniority.

PMTG is also working with BMW and Porsche on Request for Proposals for each company.  We anticipate successful negotiations with each customer to conclude in the 4^th quarter this year.  We will provide further updates in the near future.

--- Dallas Knepp