Transport Corporation of America Expects Computer Problems to Reduce Third Quarter Revenues and Earnings : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Tuesday September 28, 5:00 pm Eastern Time

Company Press Release

SOURCE: Transport Corporation of America

Transport Corporation of America Expects Computer Problems to Reduce Third Quarter Revenues and Earnings

MINNEAPOLIS, Sept. 28 /PRNewswire/ -- Transport Corporation of America, Inc. (Nasdaq: TCAM - news) today announced that business disruption caused by computer database problems in the latter part of the third quarter limited the Company's opportunity to handle approximately 2,000 normally scheduled loads. The loss of around $1.7 million in revenue and pretax earnings represented by this business will cause the Company to fall short of analyst expectations for the third quarter of 1999.

``Database problems associated with the upgrading of our logistics software created intermittent losses of communications with our drivers and customers for several days during the third quarter,'' said Robert J. Meyers, president and chief operating officer. ``While the negative impact on our revenues and income was unfortunate, the disruption represents a one-time occurrence. We have seen a resumption of strong freight demand from our customers and look forward to a strong fourth quarter of 1999.''

Transport Corporation of America, Inc., based in Minneapolis-St. Paul metropolitan area, provides a wide range of truckload freight carriage and logistics services to customers in the United States and Canada. Transport America focuses on providing time-definite and other responsive services through its team of dedicated and committed employees supported by state-of-the-art technology and information systems.

This news release contains forward-looking statements regarding the Company. The achievement of future results referred to herein is subject to certain risks and uncertainties, including the availability of qualified drivers, the cost of fuels and customer decisions to meet transportation needs internally or from other sources, the ability of the company to maintain a higher level of service than its competitors, and other factors outside the company's control, including factors discussed from time to time in its filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance upon forward-looking statements made herein which reflect management's analysis only as of today's date. The Company does not intend to update any forward-looking statements.

For more information on Transport Corporation of America, Inc., via facsimile at no cost, simply dial 1-800-PRO-INFO and enter the ticker symbol TCAM.

SOURCE: Transport Corporation of America


-- Homer beanfang (, September 28, 1999

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