For Immediate Release

Dana Company Announce the
Purchase of Liquid Transport Corp
 

Avenel, NJ (Mar 15, 2006).  Ronald Dana, founder and President of the Dana Companies, announced the purchase of Liquid Transport Corp (LTC) located in Indianapolis, IN. Established in 1936, LTC is a major bulk chemical and petroleum transporter.  The addition of LTC to the Dana family of companies continues to broaden the services of both companies to better serve the liquid bulk industry throughout North America and the Caribbean.  For over 30 years, Dana has been providing a broad range of services, which include chemical and petroleum transportation, equipment leasing and storage, intermodal services, logistics and railcar leasing.   

The addition of LTC to the Dana family of companies, which now includes Dana Transport, Suttles Truck Leasing,  International Equipment Logistics and its subsidiary, International Equipment Leasing, allows Dana to expand its capabilities in the area of tractor, trailer and driver enhancements. The extensive network of LTC terminals and locations will maximize contractor and driver efficiencies while minimizing idle time. This will produce important cost savings for both customers and consignees. Both Dana and LTC have long histories of premier service with commitments to excellence in the liquid bulk industry and both are active participants in the American Chemistry Council’s Responsible Care Partnership Program. 

Lanny Wilhelm, LTC’s current President, will continue as President, and his senior staff will continue to operate LTC.  Both will assist in the continuation of the long and proud heritage of LTC’s service to both the company and the industry which it serves. 

Both Mr. Dana and Mr. Wilhelm agree that the addition of LTC to the Dana family of companies offers the opportunity to more completely serve their customers in all aspects of chemical transportation, to maintain and grow a diverse and more capable driver base, and to continue Dana’s tradition of safety, quality and service. 

  LTC Corporate Headquarters 
8470 Allison Pointe Boulevard, Suite 400,
Indianapolis, IN  46250
Voice: (317) 841-4200, Fax: (317) 841-8259
Load Planning Center E-mail: lpc@liquidtransport.com.
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A Dana Company
www.danacompanies.com