Truckload carrier Pamt Corp. reported a net loss of $29.3 million, or $1.40 per share for the fourth quarter, marking its fifth consecutive quarterly loss. Excluding a $26.5 million insurance charge, the carrier lost $9.4 million, or 45 cents per share.

Pamt’s consolidated revenue fell 15% year-over-year to $141 million, with a 10% decrease in average trucks in service and a 12% drop in revenue per truck per week. The TL unit reported a 114% adjusted operating ratio, 700 basis points worse than the previous year.

Salaries, wages, and benefits expenses increased 240 basis points year-over-year, with a 200 basis point rise in depreciation expenses. The TL unit experienced its ninth consecutive operating loss, while logistics revenue declined 10% to $40 million.

Pamt generated operating cash flow of $17 million in 2025, with liquidity of $144 million and outstanding debt of $334 million. The National Truckload Index showed higher spot rates due to winter weather and driver constraints, impacting Pamt’s performance.

Read more at Yahoo Finance: TL carrier Pamt posts Q4 loss