P.A.M. Reports $2.4 Million Second-Quarter Loss

Truckload carrier P.A.M. Transportation Services reported a second-quarter loss of $2.4 million, or 25 cents per share, compared with a loss of $1.3 million, or 14 cents, a year ago.

Operating revenue fell 38.3% to $68.5 million, P.A.M. said in a statement.

“As has been noted by seemingly everyone in the industry, general economic conditions are weak, capacity is readily available, and shippers have commitments to existing carriers that they wisely choose to respect,” President Daniel Cushman said in the statement.

P.A.M. is ranked No. 62 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.