P.A.M.'s 1Q income rises

Truckload carrier P.A.M. Transportation Services said its net income in the first quarter of 2002 climbed to over $3.6 million compared to just over $2.6 million in the same period last year. Revenues also increased in the first quarter, climbing 8.4% to $63.3 million compared to $58.4 million in the same quarter of 2001. P.A.M. President Robert Weaver said the company's dry van business has been

Truckload carrier P.A.M. Transportation Services said its net income in the first quarter of 2002 climbed to over $3.6 million compared to just over $2.6 million in the same period last year. Revenues also increased in the first quarter, climbing 8.4% to $63.3 million compared to $58.4 million in the same quarter of 2001.

P.A.M. President Robert Weaver said the company's dry van business has been strong in the first quarter of this year. He added that a successful stock offering by the Tonititown, AR-based carrier had a "significant positive impact" on its first quarter balance sheet and allowed P.A.M. to repay a portion of outstanding debt.

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