Transcon, an Orange-based freight hauler that Wednesday...

Transcon, an Orange-based freight hauler that Wednesday reported a $20-million loss for 1987, said it has negotiated a $15-million line of credit from Foothill Capital. The credit line from Foothill, a commercial lender in Los Angeles, replaces a $5-million credit line from General Electric Credit, according to Jim Fox, a Transcon vice president. “We felt the increased credit line would tell suppliers that the company has got things going ahead,” Fox said. He said he expects to borrow up to $3.5 million from Foothill during Transcon’s current quarter. Despite its losses, Transcon has maintained a strong balance sheet, according to Scott Diehl, a Foothill vice president. On Dec. 31, the company had $50.4 million in shareholders’ equity, with assets of $133.8 million and liabilities totaling $83.4 million.