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LCT Transportation Services Inc history
LCT Transportation Services Inc company history timeline
Looking for a way to expand his fledgling trucking company, Hunt tried to gain entrance into the dry goods segment of the industry, obtaining an authorization to do so from an Atlanta company in 1971.
In 1973, the main deck was widened to accommodate larger trucks.
The Raymond C. Pecor Jr. is named after the previous owner of Lake Champlain Transportation, Ray Pecor Jr., who acquired LCT in 1976.
Bergant's prophecy was fulfilled in 1980 with the passage of the Motor Carrier Act.
Encouraged by his success, he sold his rice hull business to Eli Lilly for $2.4 million and went public in 1983, selling 11 percent of his shares at an estimated $18.5 million.
In an attempt to attract more new drivers and cut down on accidents, the company also opened up a driving school in Lowell in 1988, offering its students free tuition and a job guaranteed upon graduation.
In 1990, the company added a flatbed division to its repertoire, expanding its customer base to businesses, such as Reynolds Metals, that wished to ship materials too large for closed vans.
In 1990, after having already acquired the requisite authority to haul freight in Ontario, Quebec, and British Columbia two years earlier, Hunt joined forces with the Mexican trucking firm Fletes Sotelo to form Hunt de Mexico.
Over the next several years, the trucks became longer, and in 1995 the Grand Isle was sailed to Panama City Florida where a local shipyard cut her in half and installed a 38-foot mid body and reconfigured her superstructure.
© 2022 Lake Champlain Transportation.
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LCT Transportation Services Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Point Dedicated Services | - | $3.2M | 125 | 68 |
| Robbie D. Wood | 1965 | $18.0M | 350 | 15 |
| Pegasus Transportation, Inc. | - | $2.0M | 23 | - |
| Mesilla Valley Transportation | 1981 | $69.0M | 300 | 105 |
| Schneider National | 1935 | $5.3B | 19,600 | 63 |
| Core Carrier | 1989 | $7.1M | 100 | - |
| Phoenix Transportation | 1994 | $48.7M | 200 | - |
| Groendyke Transport | 1932 | $320.0M | 3,000 | 20 |
| Special Services Transportation Agency | 1982 | $5.0M | 43 | - |
| Dot-Line Transportation | 1985 | $4.8M | 50 | 2 |
LCT Transportation Services Inc history FAQs
Zippia gives an in-depth look into the details of LCT Transportation Services Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about LCT Transportation Services Inc. The employee data is based on information from people who have self-reported their past or current employments at LCT Transportation Services Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by LCT Transportation Services Inc. The data presented on this page does not represent the view of LCT Transportation Services Inc and its employees or that of Zippia.
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