P.A.M. Reports Loss for 4Q, Year

Truckload carrier P.A.M. Transportation Services reported a fourth-quarter loss of $11.4 million, or $1.19 per share, compared with a loss of $840,000, or 8 cents, a year ago.

Operating revenue fell 17.8% to $84 million, P.A.M. said late Friday. The loss included non-cash charges triggered by the current equity market, P.A.M. said in a statement.

For the full year, the company lost $18.8 million, or $1.94 per share, compared with a profit of $2.7 million, or 26 cents, in 2007.

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