P.A.M. Transportation Posts $1.36 Million Q1 Profit

P.A.M. Transportation Services, Inc. (PTSI) posted a healthy $1.36 million first quarter profit on smaller revenues of $97.82 million. One year ago, the Tontitown-based trucking firm showed a $456,000 net loss on revenue of $99.98 million.

The financial news was welcomed, especially considering the rough winter weather that impaired many trucking and transportation companies earlier this year.

“The first quarter was very challenging due to the severe winter weather conditions, which made it extremely difficult to maintain positive momentum,” said P.A.M. Transportation CEO Daniel Cushman. “The ability to post positive results, despite the significant weather related delays and added costs, was satisfying and is an indicator of the success of the profit model we continue to develop.”

Cushman said that trucking industry capacity was tight across North America due to harsh winter weather, but he sees supply remaining a challenge for the long-haul.

“Industry capacity continues to tighten, which was primarily weather related in January and February, but we haven’t seen any indication that this tightening will be short-lived. Indications from our customers and other shippers point to a growing concern over the long-term availability of capacity and the need to lock-in what capacity remains available,” Cushman said.

P.A..M. Transportation shares closed trading at $23.19 on Thursday (April 24). The company’s stock has traded between $8.85 and $23.50 per share during the past year.