P.A.M. has less income, more revenues

P.A.M. Transportation Services Inc. today reported net income of $2,817,568 for the quarter, which was less than the $3,606,090 in the same period last year. However, revenues for first quarter increased 10.8% to $70,138,910 compared to the same quarter of 2002. President Robert W. Weaver said increased fuel costs, severe winter weather and the cost of new equipment combined to negatively impact earnings.

April 25, 2003

P.A.M. Transportation Services Inc. today reported net income of $2,817,568 for the quarter, which was less than the $3,606,090 in the same period last year.

However, revenues for first quarter increased 10.8% to $70,138,910 compared to the same quarter of 2002.

President Robert W. Weaver said increased fuel costs, severe winter weather and the cost of new equipment combined to negatively impact earnings.