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P.A.M. Reports First-Quarter Loss
P.A.M. Transportation Services posted a first-quarter loss compared with a profit in the year-ago period.
The truckload carrier reported a loss of almost $456,300, or 4 cents a share, compared with net income ofÌýclose toÌý$674,000, or 8 cents, a year earlier.
Revenue rose 4% to $100 million, Tontitown, Ark.-based P.A.M. said in a statement.
The carrier said that, as of the end of the first quarter, the average age of its tractors was 1.5 years.
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P.A.M. Transportation Services is ranked No. 67 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
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