P.A.M. Reports 'Modest' Second-Quarter Income Gain

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ruckload carrier P.A.M. Transportation Services said late Thursday its second-quarter net income rose to $3.67 million or 33 cents a share, compared with $3.65 million or 32 cents for the same period last year.

img src="/sites/default/files/images/articles/pamlogo.gif" width=80 align=right>Operating revenue excluding fuel surcharges rose 5.4% to $83.3 million, the company said in a statement.

Revenue-per-mile before fuel surcharges rose 10% to $1.23, P.A.M. said.

The company achieved “modest improvement in earnings as compared to the second quarter of 2004 . . . despite significant downtime at many of our automotive customers,” said Robert Weaver, P.A.M.’s president.

P.A.M., Tontitown, Ark., is ranked No. 67 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.