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Premium Transportation Logistics transfers ownership

Premium Transportation Logistics transfers ownership

TOLEDO, Ohio — Premium Transportation Logistics’ (PTL) senior management team of current President Jeff Curry, longtime PTL Operations Manager Keith Avery and expedited transportation sales veteran Brad Kelley said they have acquired PTL from Magnate Worldwide.

PTL will continue to serve the ground expedite market in North America.

“PTL is excited to take the next step in its growth while continuing to provide the high service levels that our customers demand,” Curry said.

“PTL is a great company with a great future. We look forward to continuing the partnership, in its new form, and utilizing PTL for our expedited service needs,” said Dante Fornari, CEO of Magnate Worldwide.

Fornari said the business will benefit from the senior management team’s combined experience of 75-plus years of experience. Curry is a veteran of both the finance and transportation industries serving previously as president of Express-1, a top-100 motor carrier sold to XPO Logistics in 2011, where he oversaw three locations with 120 employees and 700 independent contractors and managed over $100M in revenue.

Avery and Kelley have decades of experience in expedited trucking as well. Avery is the former vice president of Express-1 and current manager of operations at PTL. Kelley will join PTL to continue to increase the company’s sales efforts as PTL expands its geographic footprint.

PTL will also have an advisory board that includes former Express-1 CEO Mike Welch, former COO of PTL Welch and former CFO of XPO Logistics John Welch. The advisory board will help guide leadership on strategic decision making during the next phase of the company’s lifecycle.

Founded in 2002, Premium Transportation Logistics provides premier ground transportation and logistics services to the entire North American market.

For more information, visit www.shipPTL.com.

 

 

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The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
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