|
|
Article: Waiting for a `bears' market: Pearson transportation is riding high thanks to NFL contract. (Making It).
- Article from:
- Black Enterprise
- Article date:
- September 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In 1998, Timothy Pearson, then the owner of a small janitorial services company, took a taxi home. The driver, he says, was smoking and the cab wasn't well maintained, making the journey an unpleasant one. That ride turned out to be a blessing in disguise.
Believing he could do a better job, Pearson folded his small company and took out a bank loan for the $15,000 purchase of his first commercial vehicle and formed Courtesy Vans. A scant four years later and his company, Pearson Transportation Inc., is on the road to success. With 2001 revenues exceeding $200,000 and minimum revenue projections of $5.5 million for 2002--thanks to a contract with the NFL's Chicago ...