Quality Distribution, Inc. Announces Pricing of Public Secondary Offering of Common Stock

Quality Distribution, Inc. Announces Pricing of Public Secondary Offering of
Common Stock

TAMPA, Fla., Aug. 8, 2013 (GLOBE NEWSWIRE) -- Quality Distribution, Inc.
(Nasdaq:QLTY) ("Quality") announced today that the previously announced
underwritten secondary offering of 4,269,741 shares of its common stock by
certain stockholders of Quality (the "Selling Stockholders"), including funds
affiliated with Apollo Global Management, LLC, priced at $8.60 per share. The
Selling Stockholders have granted to the underwriters of the secondary
offering an option to purchase up to 426,974 shares of additional common
stock. Quality will not receive any proceeds from the sale of the shares by
the Selling Stockholders in this offering.The offering is expected to be
consummated on August 14, 2013, subject to certain customary conditions.

The offering is being made pursuant to Quality's registration statement on
Form S-3 filed with the Securities and Exchange Commission. BofA Merrill
Lynch, Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as joint
bookrunning managers for the offering.The co-managers for the offering are
SunTrust Robinson Humphrey, Inc., BB&T Capital Markets, RBC Capital Markets,
LLC and Avondale Partners, LLC.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy these securities, nor does it constitute an offer,
solicitation or sale of these securities in any jurisdiction in which such
offer, solicitation or sale is unlawful.The offering may be made only by
means of a prospectus and a related prospectus supplement, copies of which may
be obtained from BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attention: Prospectus Department, or by email at
dg.prospectus_request@baml.com; Goldman, Sachs & Co., Prospectus Department,
200 West Street, New York, New York 10282, telephone: 866-471-2526, facsimile:
212-902-9316, e-mail: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities
LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or telephone: 1-866-803-9204; or by contacting Quality
Distribution, Inc., 4041 Park Oaks Boulevard, Suite 200, Tampa, Florida 33610,
Attn: Corporate Secretary.

About Quality

Headquartered in Tampa, Florida, Quality operates the largest chemical bulk
logistics network in North America through its wholly-owned subsidiary,
Quality Carriers, Inc., and is the largest North American provider of
intermodal tank container and depot services through its wholly-owned
subsidiary, Boasso America Corporation. Quality also provides logistics and
transportation services to the unconventional oil and gas industry including
crude oil, fresh water, and production fluids, through its wholly-owned
subsidiaries, QC Energy Resources, Inc. and QC Environmental Services, Inc.
Quality's network of independent affiliates and independent owner-operators
provides nationwide bulk transportation and related services. Quality is an
American Chemistry Council Responsible Care Partner and is a core carrier for
many of the Fortune 500 companies that are engaged in chemical production and
processing.

This press release contains certain forward-looking information that is
subject to the safe harbor provisions created by the Private Securities
Litigation Reform Act of 1995. Forward-looking information is any statement
other than a statement of historical fact. Forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those expected or projected in the forward-looking
statements. Without limitation, risks and uncertainties regarding
forward-looking statements include (1) the effect of local, national and
international economic, credit, capital and labor market conditions on the
economy in general, on our ability to obtain desired debt financing and on the
particular industries in which we operate, including excess capacity in the
industry, the availability of qualified drivers, changes in fuel and insurance
prices, interest rate fluctuations, and downturns in customers' business
cycles and shipping requirements; (2) our substantial leverage and our ability
to make required payments and comply with restrictions contained in our debt
arrangements or to otherwise generate sufficient cash flow from operations or
borrowing under our ABL Facility to fund our liquidity needs; (3) competition
and rate fluctuations, including fluctuations in prices and demand for
transportation services as well as for commodities such as natural gas and
oil; (4) our reliance on independent affiliates and independent
owner-operators; (5) a shift away from or slowdown in production in the shale
regions in which we have energy logistics operations; (6) our liability as a
self-insurer to the extent of our deductibles as well as changing conditions
and pricing in the insurance marketplace; (7) increased unionization, which
could increase our operating costs or constrain operating flexibility; (8)
changes in, or our inability to comply with, governmental regulations and
legislative changes affecting the transportation industry generally or in the
particular segments in which we operate; (9) federal and state legislative and
regulatory initiatives, which could result in increased costs and additional
operating restrictions upon us or our oil and gas frac shale energy customers;
(10) our ability to access and use disposal wells and other disposal sites and
methods in our energy logistics business; (11) our ability to comply with
current and future environmental regulations and the increasing costs relating
to environmental compliance; (12) potential disruptions at U.S. ports of
entry; (13) diesel fuel prices and our ability to recover costs through fuel
surcharges; (14) our ability to attract and retain qualified drivers; (15)
terrorist attacks and the cost of complying with existing and future
anti-terrorism security measures; (16) our dependence on senior management;
(17) the potential loss of our ability to use net operating losses to offset
future income; (18) potential future impairment charges; (19) the interests of
our largest shareholder, which may conflict with your or our interests; (20)
our ability to successfully identify acquisition opportunities, consummate
such acquisitions and successfully integrate acquired businesses and converted
affiliates and achieve the anticipated benefits and synergies of acquisitions
and conversions, the effects of the acquisitions and conversions on the
acquired businesses' existing relationships with customers, governmental
entities, affiliates, owner-operators and employees, and the impact that
acquisitions and conversions could have on our future financial results and
business performance and other future conditions in the market and industry
from the acquired businesses; (21) our ability to execute plans to profitably
operate in the transportation business and disposal well business within the
energy logistics market; (22) our success in entering new markets; (23)
adverse weather conditions; (24) our liability for our proportionate share of
unfunded vested benefit liabilities, particularly in the event of our
withdrawal from any of our multi-employer pension plans; and (25) changes in
planned or actual capital expenditures due to operating needs, changes in
regulation, covenants in our debt arrangements and other expenses, including
interest expenses. Readers are urged to carefully review and consider the
various disclosures regarding these and other risks and uncertainties,
including but not limited to risk factors contained in Quality Distribution,
Inc.'s Annual Report on Form 10-K for the year ended December 31, 2012 and its
Quarterly Reports on Form 10-Q, as well as other reports filed with the
Securities and Exchange Commission. Quality disclaims any obligation to update
any forward-looking statement, whether as a result of developments occurring
after the date of this release or for any other reasons.

CONTACT: Joseph Troy
         Executive Vice President and Chief Financial Officer
         800-282-2031 ext. 7195

Quality Distribution, Inc. Logo
 
Press spacebar to pause and continue. Press esc to stop.