Tag: P.A.M. Transportation

P.A.M., Celadon deal falls through; logistics ‘bright spot’ amid COVID-19

Tontitown-based carrier P.A.M. Transportation Services Inc. looked to purchase Celadon Group’s Mexico business in a $7 million deal before the COVID-19 pandemic, but the deal is apparently off. Meanwhile, logistics…

P.A.M. CEO Daniel Cushman retires; board chairman named interim CEO

Daniel Cushman, president and CEO of Tontitown-based carrier P.A.M. Transportation Services Inc., announced Thursday (April 30) that he intends to retire Friday (May 1) after 11 years in his role…

P.A.M. reports loss in first quarter; customer plants close in wake of COVID-19 pandemic

Tontitown-based carrier P.A.M. Transportation Services Inc. said a net loss was driven by stock market losses in the first quarter while revenue was up marginally. After the markets closed Tuesday…

P.A.M. CEO Daniel Cushman earned almost 3% raise in 2019, total compensation fell to nearly $1.2 million

Daniel Cushman, president and CEO of Tontitown-based carrier P.A.M. Transportation Services Inc., received a 2.9% salary increase in 2019, and his total compensation fell 29.3% to $1.18 million last year,…

P.A.M. lays off over 50 employees; works with competitors on freight opportunities

Tontitown-based carrier P.A.M. Transportation Services Inc. has temporarily laid off more than 50 employees, including office staff and drivers, as a result of automotive plant closures in Michigan in the…

P.A.M. posts fourth-quarter loss; driver wage lawsuit affects earnings

Tontitown-based carrier P.A.M. Transportation Services Inc. earnings were negatively impacted by a proposed lawsuit settlement involving failure to pay minimum wage to drivers and driver misclassification as the company reported…

P.A.M. to buy Celadon terminal in Laredo, Texas, for nearly $20 million

Tontitown-based carrier P.A.M. Transportation Services Inc. looks to purchase 53.15 acres in Laredo, Texas, from Celadon Group Inc. for $19.8 million, court documents show. The deal was included in documents…

P.A.M. adds freight during GM strike; retains drivers, office staff

While the General Motors strike has ended, Tontitown-based carrier P.A.M. Transportation Services Inc. looks to continue to haul the new freight it started to handle to make up for the…

P.A.M. earnings fall 50% in third quarter, stock tumbles 16%

Tontitown-based carrier P.A.M. Transportation Services Inc. said earnings and revenue fell in the third quarter amid an auto industry strike, and the stock ended the day down more than 16%….

P.A.M. hybrid electric truck to be tested in Northeast

Tontitown-based carrier P.A.M. Transportation Services has been testing a hybrid electric Peterbilt truck for about the past two years, and looks to send the truck to the Northeast to achieve…

P.A.M. to buy up to $12 million in company shares

Tontitown-based carrier P.A.M. Transportation Services announced Monday (May 13) plans to purchase up to 200,000 shares, or about 3.4% of its outstanding common stock, at a price between $55 and…

P.A.M. earnings per share hit first-quarter record, net income up nearly 500%

P.A.M. Transportation Services earnings per share rose to a record level as the company acquired higher rates from customers amid bad weather and expected plant closures. The Tontitown-based carrier reported…

P.A.M. CEO Daniel Cushman receives 8% pay increase

Daniel Cushman, president and CEO of Tontitown-based carrier P.A.M. Transportation Services, received an 8% salary increase in 2018, and his total compensation fell 31.6% to $1.68 million for the year,…

P.A.M. earnings rise 168%, revenue up 28% in third quarter

Tontitown-based carrier P.A.M. Transportation Services’ net income rose 168.4% and revenue increased 28.9% in the third-quarter as it received rate increases from customers and grew its fleet by 11% fleet….

P.A.M. buys 650 trucks with aerodynamic systems in 2018

Tontitown-based carrier P.A.M. Transportation Services Inc. has purchased 550 new Peterbilt 579 trucks that will include factory-installed aerodynamic systems from Austin, Texas-based FlowBelow Aero Inc. On Thursday (Aug. 30), the…

P.A.M. net income rises 353%, revenue up 24.5% in second quarter

P.A.M. Transportation Services profit increased 353.1% in the second quarter, and the stock price soared to a 52-week high as the Tontitown-based carrier strives to match 2015 earnings levels. On…

P.A.M. profits fall 39.2%, revenue up 9.2% in first quarter

P.A.M. Transportation Services earnings declined 39.2% in the first quarter of 2018 as winter weather decreased equipment use and negatively impacted fuel and maintenance expenses, insurance claims and revenue. However,…

P.A.M. CEO Daniel Cushman receives 13% raise, total compensation jumps 183%

Daniel Cushman, president and CEO of P.A.M. Transportation Services, received a 13.1% salary increase in 2017, and his total compensation rose 183.1% to $2.457 million for the year, according to…

P.A.M. profits rise 4,266% in fourth quarter, up 250% for 2017

P.A.M. Transportation Services saw increased freight demand in the fourth quarter as capacity tightened and rates rose, leading revenue and earnings to rise. The Tontitown-based carrier also benefited from the…

USA Truck, P.A.M., other carriers to see best peak season in years, multi-year upcycle expected

Truckload company earnings reports for the fourth quarter are expected to show the best peak season in years, and should set up 2018 nicely as the industry looks to ride…

Tag: P.A.M. Transportation

Michael Tilley

Michael Tilley