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LEASEWAY TRANSPORTATION ISSUES RELEASE

 CLEVELAND, Oct. 11 /PRNewswire/ -- Leaseway Transportation announced today that, based on preliminary third quarter results, the company's earnings before interest, taxes and reorganization items for 1993 are expected to be significantly below those projected in the disclosure statement that the company provided to its creditors prior to its emergence from Chapter 11.
 The principal contributing factors are ongoing production delays during model changeovers experienced by the company's largest customer, General Motors, and increased competitive pressures from railroads and highway carriers for General Motors business. This situation continues.
 Leaseway Transportation is a group of companies which provides customized transportation and logistics support services to manufacturers, distributors and retailers.
 -0- 10/11/93
 /CONTACT: Karen L. Beier of Leaseway Transportation, 216-765-5340/


CO: Leaseway Transportation ST: Ohio IN: TRN SU: ERP

KL -- CL019 -- 0724 10/11/93 14:00 EDT
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Publication:PR Newswire
Date:Oct 11, 1993
Words:137
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