P.A.M.’s Second-Quarter Earnings Decline

July 27, 2011 4:00 PM, EDT

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Truckload carrier P.A.M. Transportation Services said Wednesday its second-quarter profit declined from a year ago.

P.A.M reported net income of $700,000, or 8 cents a share, compared with $1.3 million, or 13 cents, a year ago. Revenue climbed 12.5% to $96 million.

In a statement, the carrier cited higher expenses compared to the previous year, including payroll increases and higher fuel costs.

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

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