P.A.M. Transportations Services Inc.
by October 2, 2000 12:00 am 52 views
Tontitown-based P.A.M. Transportations Services Inc. saw its fiscal second quarter numbers drop 1.2 percent, from $53.7 million in 1999 to $53 million in 2000.
rThe company cited a decrease in its average number of tractors, from 1,449 to 1,434, for the drop off.
rP.A.M.’s operating ratio increased 88.6 percent in the second quarter of 2000 compared with 86.8 percent in the same quarter of 1999.
rFor the six months ended June 30, P.A.M.’s revenues increased 2 percent to $107.2 million, compared with $105.1 million for the first two quarters of 1999.
rDuring the remainder of 2000, the firm plans to replace 129 tractors, which would result in additional debt of about $6.7 million.
rCompany CEO Robert Weaver said in documents filed with the Securities and Exchange Commission that P.A.M.’s existing working capital, and its available line of credit,will be sufficient to meet its capital commitments as of June 30, to repay indebtedness coming due in the current year, and to fund its operating needs during the remainder of fiscal 2000.