EXHIBIT 99.2 LIQUIDATION ANALYSIS ASSETS BOOK VALUE ESTIMATED (unaudited 9/30/95) LIQUIDATION VALUE - --------------------------------------------------------------------- - --------------------------------------------------------------------- Cash -0- -0- - --------------------------------------------------------------------- Receivables 5,509,000 4,958,000 - --------------------------------------------------------------------- Revenue Equipment 16,531,000 9,341,0000 - --------------------------------------------------------------------- Deposits 489,000 489,000 - --------------------------------------------------------------------- Inventories 407,000 200,000 - --------------------------------------------------------------------- Prepaid Expenses 468,000 50,000 - --------------------------------------------------------------------- PP&E, Net 3,024,000 950,000 - --------------------------------------------------------------------- Other Asssets, Net 3,683,000 2,250,000 - --------------------------------------------------------------------- TOTAL ASSETS 30,111,000 18,238,000 - --------------------------------------------------------------------- - --------------------------------------------------------------------- Estimated Liquidation Value 18,238,000 - --------------------------------------------------------------------- Estimated Cost of Liquidation -1,915,000 - --------------------------------------------------------------------- Secured Claims -19,133,000 - --------------------------------------------------------------------- TOTAL -2,810,000 - --------------------------------------------------------------------- Post-Petition Wage Claims -565,000 - --------------------------------------------------------------------- Post-Petition Tax Claims -0- - --------------------------------------------------------------------- Professional Fees -720,000 - --------------------------------------------------------------------- Available for Unsecureds -4,095,000 - ------------------------------------------------------------------- ESTIMATED RETURN FOR UNSECURED CREDITORS 0%