Tweet

Apr 1, 2006 12:00 PM

Cryogenic Transportation Inc (CTI) has entered into a multi-year product delivery agreement with its customer, Matheson Tri-Gas (MTG). CTI will provide the carriage of industrial gases from dedicated locations in Stafford and Odessa TX, Albuquerque NM, and West Palm Beach FL to MTG customers. This represents an expansion of CTI's relationship with MTG and is a significant addition to operations it conducts at two locations for the benefit of MTG in California. CTI has expanded its tractor and trailer fleet in connection with this new contract.

“This new contract represents a major step for CTI with MTG” said Vern Ingham, CTI president and chief operating officer. “Our fleet has now expanded to 150 tractors and 175 cryogenic trailers.” Ingham joined CTI as president late in 2005 after 25 years at MG Industries, where he was in charge of industrial gas distribution.

Financing was provided for this contract by M and T Bank of Horsham PA through Gerry O'Loughlin, M and T vice-president.