Revenue and income rise for P.A.M.

Feb. 11, 2002
TL carrier P.A.M. Transportation Services said both its revenues and net income rose sharply in 2001, despite the recession and the aftershocks of September 11. Tontittown, AR-based P.A.M. said its revenues topped $225.7 million, up from $205.2 million in 2000. Its net income jumped to just over $10 million, up from net income of $8.6 million. For the fourth quarter, P.A.M. said its net income rose
TL carrier P.A.M. Transportation Services said both its revenues and net income rose sharply in 2001, despite the recession and the aftershocks of September 11.

Tontittown, AR-based P.A.M. said its revenues topped $225.7 million, up from $205.2 million in 2000. Its net income jumped to just over $10 million, up from net income of $8.6 million.

For the fourth quarter, P.A.M. said its net income rose just a little, to $2.54 million, compared to $2.36 million in the same period of 2000. The carrier's revenues for the quarter increased to $56.2 million compared to $50.9 million in the fourth quarter of 2000.

The company said its fourth quarter earnings were impacted by a one time write-down in equipment values of $523,000, primarily related to equipment acquired in its recent acquisition of Decker Transport Inc.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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