Richard Alterman says the company has sustained operating losses for the past several years and recently had been actively seeking a buyer for company assets. After careful examination of alternatives, he says that liquidation seems the most viable strategy. The company’s primary assets are real estate and operating equipment. The real estate will be sold and the equipment will be auctioned by Taylor and Martin at Alterman terminals in Charlotte NC, and Tampa and Opa Locka FL in February.
Alterman has notified its customers and has assured them that current deliveries will be completed on schedule. The company will stop accepting freight on December 20, 2002. It also will try to assist customers in finding carriers to serve their needs.