P.A.M. Transportation Services, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 20, 2020 at 05:11 pm EDT
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P.A.M. Transportation Services, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 121.942 million compared to USD 128.994 million a year ago. Operating income was USD 10.074 million compared to USD 7.533 million a year ago. Net income was USD 6.001 million compared to USD 4.581 million a year ago. Diluted earnings per share was USD 1.04 compared to USD 0.79 a year ago. For the nine months, total revenue was USD 344.075 million compared to USD 390.679 million a year ago. Operating income was USD 17.553 million compared to USD 30.430 million a year ago. Net income was USD 3.874 million compared to USD 21.536 million a year ago. Diluted earnings per share was USD 0.67 compared to USD 3.65 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. 
