From Yahoo Finance: 2025-04-24 10:12:00

Pamt Corp., formerly Pam Transportation Services, reported a net loss of $8.1 million in the first quarter, with a 15% drop in revenue compared to the previous year. The truckload carrier’s TL segment saw a 10% decrease in revenue, with a 7% decline in loaded miles. Salaries, wages, and benefits increased, while logistics revenue fell 25%.

The company had an operating cash flow use of $1.4 million in the quarter and liquidity of $163 million at the end of the quarter, lower than the previous year. Outstanding debt was down to $309 million. Shares of Pamt were down 1.2% compared to the S&P 500. This marks the sixth straight operating loss for the TL segment.

Overall, Pamt Corp. continues to face challenges with declining revenue and operational performance, resulting in another loss in the first quarter. The company’s financials show a significant drop in revenue, particularly in the TL segment, with increases in operating expenses. The decrease in liquidity and share value reflect ongoing struggles for the truckload carrier.



Read more at Yahoo Finance: TL carrier Pamt books another loss in Q1