- \n
- \nTotal revenues of $164.7 million, up 8.9% YoY<\/p>\n<\/li>\n
- \nOperating loss of $10.4 million<\/p>\n<\/li>\n
- \nOperating ratio of 106.3%<\/p>\n<\/li>\n
- \nNet loss of $7.4 million<\/p>\n<\/li>\n
- \nDiluted loss per share of $0.36<\/p>\n<\/li>\n<\/ul>\n
TONTITOWN, Ark.–(BUSINESS WIRE<\/a>)–
\nPAMT CORP (NASDAQ: PAMT) (\u201cwe\u201d or the \u201cCompany\u201d) today reported consolidated net loss of $7.4 million, or diluted and basic loss per share of $0.36, for the quarter ended June 30, 2026. These results compare to consolidated net loss of $9.6 million, or diluted and basic loss per share of $0.46, for the quarter ended June 30, 2025. The second quarter 2026 operating results include a one-time accrual of $3.1 million related to auto liability claims from prior years that may exceed insurance limits, which increased net loss by $2.3 million on an after-tax basis, or $0.11 per diluted share.<\/p>\n\nConsolidated operating revenues increased 8.9% to $164.7 million for the second quarter of 2026 when compared to $151.1 million for the second quarter of 2025.<\/p>\n
\nLance Stewart, President of the Company, commented, \u201cWe are pleased with the measurable progress reported in several key operating metrics during the second quarter. Truck productivity, measured in miles per truck per day, increased 12.8% year over year, while uncompensated empty miles improved from 8.9% in the second quarter of 2025 to 7.4% in the second quarter of 2026. We also continue to remove costs, including underutilized equipment, from the network. These results reflect our disciplined focus on cost control and our commitment to a well-defined freight network, which we expect to continue supporting operational efficiencies.<\/p>\n
\n\u201cFor the first time in more than three years, market conditions enabled a meaningful sequential increase in rate per total mile. This marks an important step toward addressing rates that have been pressured lower while inflationary cost pressures have persisted. As industry dynamics continue to constrain driver supply, we believe opportunities for further rate correction remain, and we have achieved additional progress through the date of this release.<\/p>\n
\n\u201cAs always, we appreciate our employees\u2019 loyalty and dedication to our mission, which remain essential to sustainable success.\u201d<\/p>\n
Liquidity, Capitalization, and Cash Flow<\/span><\/b><\/p>\n
\nAs of June 30, 2026, we had an aggregate of $116.7 million of cash, marketable equity securities, and available liquidity under our line of credit and $203.1 million of stockholders\u2019 equity. Outstanding debt was $332.8 million as of June 30, 2026, which represents a $1.1 million decrease from December 31, 2025. During the first half of 2026, we used $16.7 million in operating cash flow.<\/p>\n
Chief Financial Officer Appointment<\/span><\/b><\/p>\n
\nThe Company also announced that Daniel C. Kleine has been appointed Chief Financial Officer of the Company effective July 30, 2026. Mr. Kleine joined the Company in June 2023 as Vice President of Tax of P.A.M. Transport, Inc., the Company\u2019s primary operating subsidiary, and has served as the Company\u2019s Senior Vice President of Finance and Treasurer since August 2025 and as Senior Vice President of Finance of P.A.M. Transport since June 2025. Prior to joining the Company, Mr. Kleine served in various tax accounting roles at George\u2019s, Inc., a privately owned poultry processing company headquartered in Northwest Arkansas, from June 2017 to June 2023. He previously served as Senior Tax Accountant at Frost, PLLC in Little Rock, Arkansas from August 2013 to June 2017. Mr. Kleine is a Certified Public Accountant and holds bachelor\u2019s degrees in accounting and finance, with a minor in economics, from the University of Arkansas, Fayetteville, and a master\u2019s degree in accounting from the University of Arkansas, Little Rock.<\/p>\n
About PAMT CORP<\/span><\/b><\/p>\n
\nPAMT CORP is a holding company that owns subsidiaries 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 Company\u2019s consolidated operating subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers.<\/p>\n
Forward-Looking Statements<\/span><\/b><\/p>\n
\nCertain information included in this document constitutes \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to expected future financial and operating results, prospects, plans or events, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, increases in compensation for and difficulty in attracting and retaining qualified drivers and owner-operators, including as a result of recent regulatory initiatives impacting driver capacity, to meet available freight demand; general inflation, recessionary economic cycles and downturns in customers’ business cycles; a significant reduction in or termination of the Company’s trucking service by a key customer, including as a result of labor or international trade disruptions; increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, and license and registration fees; excess capacity in the trucking industry; surplus inventories; the resale value of the Company’s used equipment; the price and availability of new equipment consistent with anticipated acquisitions and replacement plans; increases in insurance premiums and deductible amounts relating to accident, cargo, workers’ compensation, health, and other claims; increases in the number or amount of claims for which the Company is self-insured; inability of the Company to continue to secure acceptable financing arrangements; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors including reductions in rates resulting from competitive bidding; our ability to develop, implement and govern suitable information technology systems and prevent failures in or breaches, disruptions or unauthorized use of such systems; the impact of pending or future litigation; general risks associated with doing business in Mexico, including, without limitation, exchange rate fluctuations, inflation, import duties, tariffs, quotas, political and economic instability and terrorism; the potential impact of new laws, regulations or policy, including, without limitation, rules regarding the classification of independent contractors as employees, tariffs, import\/export, trade and immigration regulations or policies; the impacts of ongoing or future military conflicts and other major domestic or international events; the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations; potential economic, business or operational disruptions or uncertainties that may result from any future public health crises; and other factors, including risk factors, included from time to time in filings made by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether due to new information, future events or otherwise. Considering these risks and uncertainties, the forward-looking events and circumstances discussed above and in company filings might not transpire.<\/p>\n
\n
\n PAMT CORP<\/p>\n \nKey Financial and Operating Statistics<\/p>\n
\n(unaudited)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \nQuarter Ended June 30,<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \nSix Months Ended June 30,<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2026<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2025<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2026<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2025<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(in thousands, except earnings per share)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(in thousands, except earnings per share)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue, before fuel surcharge<\/p>\n<\/td>\n
\n \n$136,894<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$133,806<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$259,556<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$270,506<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFuel surcharge<\/p>\n<\/td>\n
\n \n27,758<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n17,328<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n46,976<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n35,969<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating Revenue<\/p>\n<\/td>\n
\n \n164,652<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n151,134<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n306,532<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n306,475<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating expenses and costs:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSalaries, wages and benefits<\/p>\n<\/td>\n
\n \n41,351<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n40,851<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n80,433<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n81,665<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating supplies and expenses<\/p>\n<\/td>\n
\n \n36,516<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n29,028<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n67,062<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n60,413<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRent and purchased transportation<\/p>\n<\/td>\n
\n \n64,645<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n64,866<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n121,249<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n127,838<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDepreciation<\/p>\n<\/td>\n
\n \n19,337<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n21,719<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n38,581<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n44,315<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInsurance and claims<\/p>\n<\/td>\n
\n \n8,738<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n5,167<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n13,946<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,948<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther<\/p>\n<\/td>\n
\n \n5,029<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n4,986<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n11,642<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,985<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGain on disposition of assets<\/p>\n<\/td>\n
\n \n(556)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(4,414)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(15,702)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(7,428)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal operating expenses and costs<\/p>\n<\/td>\n
\n \n175,060<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n162,203<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n317,211<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n326,736<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating loss<\/p>\n<\/td>\n
\n \n(10,408)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(11,069)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(10,679)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(20,261)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest expense<\/p>\n<\/td>\n
\n \n(4,615)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(4,032)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(9,151)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(8,075)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNon-operating income<\/p>\n<\/td>\n
\n \n5,078<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2,263<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,875<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n4,749<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLoss before income taxes<\/p>\n<\/td>\n
\n \n(9,945)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(12,838)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(9,955)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(23,587)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome tax benefit<\/p>\n<\/td>\n
\n \n(2,501)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(3,211)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(2,503)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(5,817)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet loss<\/p>\n<\/td>\n
\n \n($7,444)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($9,627)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($7,452)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($17,770)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted loss per share<\/p>\n<\/td>\n
\n \n($0.36)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($0.46)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($0.36)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n($0.83)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAverage shares outstanding \u2013 Diluted<\/p>\n<\/td>\n
\n \n20,943<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n21,095<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n20,940<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n21,498<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n <\/tr>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \nQuarter Ended June 30,<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \nSix Months Ended June 30,<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2026<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2025<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2026<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2025<\/p>\n<\/td>\n<\/tr>\n
\n \n Truckload Operations<\/span><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal miles (in thousands) (1)<\/p>\n<\/td>\n
\n \n43,567<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n40,355<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n84,270<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n81,571<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating ratio (2)<\/p>\n<\/td>\n
\n \n114.2%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n112.5%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n108.9%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n111.7%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEmpty miles factor<\/p>\n<\/td>\n
\n \n7.35%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n8.90%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n7.61%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n8.97%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue per total mile, before fuel surcharge (1)<\/p>\n<\/td>\n
\n \n$1.98<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$2.04<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$1.94<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$2.04<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal loads<\/p>\n<\/td>\n
\n \n90,844<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n98,814<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n176,384<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n193,458<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue per truck per workday<\/p>\n<\/td>\n
\n \n$675<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$697<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$647<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$685<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue per truck per week<\/p>\n<\/td>\n
\n \n$3,375<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$3,485<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$3,235<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$3,423<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAverage company-driver trucks<\/p>\n<\/td>\n
\n \n1,540<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,579<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,545<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,623<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAverage owner operator trucks<\/p>\n<\/td>\n
\n \n454<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n505<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n454<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n509<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n Logistics Operations<\/span><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal revenue (in thousands)<\/p>\n<\/td>\n
\n \n$50,820<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$40,982<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$95,225<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$85,254<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating ratio<\/p>\n<\/td>\n
\n \n96.4%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n98.7%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n95.9%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n98.3%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n \nPAMT CORP<\/p>\n
\nCondensed Consolidated Balance Sheets<\/p>\n
\n(unaudited)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \nJune 30,<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \nDecember 31,<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2026<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2025<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(in thousands)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nASSETS<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent Assets:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents<\/p>\n<\/td>\n
\n \n$18,210<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$35,234<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTrade accounts receivable, net<\/p>\n<\/td>\n
\n \n88,930<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n66,882<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther receivables<\/p>\n<\/td>\n
\n \n4,125<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,757<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInventories<\/p>\n<\/td>\n
\n \n2,610<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2,332<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPrepaid expenses and deposits<\/p>\n<\/td>\n
\n \n7,728<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,807<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMarketable equity securities<\/p>\n<\/td>\n
\n \n38,732<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n48,488<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome taxes refundable<\/p>\n<\/td>\n
\n \n1,042<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,732<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal current assets<\/p>\n<\/td>\n
\n \n161,377<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n171,232<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProperty and equipment<\/p>\n<\/td>\n
\n \n758,944<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n792,391<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLess: accumulated depreciation<\/p>\n<\/td>\n
\n \n259,476<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n275,554<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal property and equipment, net<\/p>\n<\/td>\n
\n \n499,468<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n516,837<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther non-current assets<\/p>\n<\/td>\n
\n \n9,486<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,843<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal Assets<\/p>\n<\/td>\n
\n \n$670,331<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$697,912<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent liabilities:<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccounts payable<\/p>\n<\/td>\n
\n \n$27,421<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$32,752<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccrued expenses and other liabilities<\/p>\n<\/td>\n
\n \n30,599<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n41,078<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent portion of long-term debt<\/p>\n<\/td>\n
\n \n64,592<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n65,542<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal current liabilities<\/p>\n<\/td>\n
\n \n122,612<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n139,372<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLong-term debt, net of current portion<\/p>\n<\/td>\n
\n \n268,230<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n268,327<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred income taxes<\/p>\n<\/td>\n
\n \n70,741<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n73,689<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther long-term liabilities<\/p>\n<\/td>\n
\n \n5,658<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,040<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal liabilities<\/p>\n<\/td>\n
\n \n467,241<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n487,428<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSTOCKHOLDERS\u2019 EQUITY<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCommon stock<\/p>\n<\/td>\n
\n \n224<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n224<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdditional paid-in capital<\/p>\n<\/td>\n
\n \n41,788<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n41,682<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTreasury stock, at cost<\/p>\n<\/td>\n
\n \n(28,972)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(28,924)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRetained earnings<\/p>\n<\/td>\n
\n \n190,050<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n197,502<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal stockholders\u2019 equity<\/p>\n<\/td>\n
\n \n203,090<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n210,484<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal liabilities and stockholders\u2019 equity<\/p>\n<\/td>\n
\n \n$670,331<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$697,912<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n \n_______________________<\/p>\n<\/td>\n<\/tr>\n
\n \n \n1)<\/p>\n<\/td>\n
\n \nExcludes miles driven by third party power only carriers.<\/p>\n<\/td>\n<\/tr>\n
\n \n \n2)<\/p>\n<\/td>\n
\n \nThe Truckload Operations operating ratio has been calculated based upon total operating expenses, net of fuel surcharge, as a percentage of revenue, before fuel surcharge. We used revenue, before fuel surcharge, and operating expenses, net of fuel surcharge, because we believe that eliminating this sometimes volatile source of revenue affords a more consistent basis for comparing our results of operations from period to period.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n\u00a0<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260804532525\/en\/<\/a><\/span><\/p>\n
\nPAMT CORP
\n
P.O. BOX 188
\n
Tontitown, AR 72770
\n
Daniel C. Kleine
\n
(479) 361-9111<\/p>\nKEYWORDS:<\/b> Arkansas United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Trucking Transport Logistics\/Supply Chain Management<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260804532525\/en\/2868216\/3\/PAMT_Logo_New2.jpg\"){kind=logo}
<\/td>\n<\/tr>\n