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P.A.M. Reports Flat 4Q; Income, Revenue Rise for Year
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Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.
For the year, P.A.M. said it earned $18 million or $1.74 per share, up from $13.1 million or $1.20 in 2005.Fourth-quarter operating revenue excluding fuel surcharges rose to $85.3 million from $83.9 million a year earlier, while full-year operating revenue rose 7.7% to $351.4 million.The company saw a “softer freight market” in the fourth quarter, which kept its revenue relatively flat, Robert Weaver, P.A.M.’s president, said in a statement.P.A.M. is ranked No. 65 on the Transport Topics 100 list of the largest for-hire carriers in the United States and Canada.
