Hale adds Canton truck dealership New holding is behind his bank headquarters, and trucking, barge firm

September 18, 1997|By Liz Bowie | Liz Bowie,SUN STAFF

Trucking, shipping and banking executive Edwin Hale Sr. has added a Peterbilt truck dealership to his holdings in the hopes that it will have natural links to his trucking and barge company.

The dealership, Peterbilt of Central Maryland, at 1801 S. Clinton St., in Canton, is behind the headquarters of Hale's First Mariner Bank and next to his trucking and barge company, Hale Trans, Inc.

"It's a little funky," he said, to have all three together. But the location is what Hale believes will be helpful in making the new Peterbilt franchise a success.

"We are the destination for 300 to 500 trucks on any given day," said Hale. "We have a warehouse operation and visibility from Interstate 95."

A former Peterbilt franchise, owned by Oceanic Ltd., filed for bankruptcy in December 1995 after it was discovered that its owner, Brian H. Davis, had obtained millions of dollars of illegal loans. Davis had illegally obtained multiple loans on the same collateral by providing banks, including First Mariner, with duplicate truck titles. He donated at least $252,227 of that money to Maryland and federal political candidates.

Shortly after that business went under, Hale initiated talks with Texas-based Peterbilt Motors Co. to obtain the Baltimore franchise. Under the franchise agreement, Hale has the rights to sell and service Peterbilts -- everything from dump trucks to tractor trailers -- in Baltimore, Baltimore County, Frederick, Howard, Harford, Carroll and portions of Anne Arundel counties.

There are dealerships in Easton and Landover already.

Hale began operating the dealership two months ago, and says that he has sold about 30 trucks so far. But Tuesday he broke ground for a 32,000-square-foot shop and parts facility that is expected to be open by the end of the year.

He already has hired 40 employees, primarily mechanics to work on the trucks, and expects to hire a total of 60.

Peterbilts, which are considered a top of the line truck, cost between $70,000 and $100,000. If this company is successful, Hale said he would like to expand to Norfolk, Va., and New Jersey.

Pub Date: 9/18/97

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