P.A.M. Transportation Services, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 23, 2020 at 04:43 pm EDT
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P.A.M. Transportation Services, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 92.979 million compared to USD 133.000 million a year ago. Operating loss was USD 2.007 million compared to operating Income of USD 13.211 million a year ago. Net loss was USD 823,000 compared to net income of USD 8.654 million a year ago. Diluted loss per share was USD 0.14 compared to diluted earnings per share of USD 1.45 a year ago. For the half year, total revenue was USD 222.134 million compared to USD 261.686 million a year ago. Operating income was USD 7.479 million compared to USD 22.898 million a year ago. Net loss was USD 2.127 million compared to net income of USD 16.955 million a year ago. Diluted loss per share was USD 0.37 compared to diluted earnings per share of USD 2.84 a year ago.
P.A.M. Transportation Services, Inc. is a holding company. The Company, through its subsidiaries, is engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Companyâs subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods. Its truckload services are performed by Company divisions that generally utilize Company-owned trucks, long-term contractors, or single-trip contractors to transport loads of freight for customers, while its brokerage and logistics services coordinate or facilitate the transport of loads of freight for customers and generally involve the utilization of single-trip contractors.
P.A.M. TRANSPORTATION SERVICES, INC. 
