PAM winds up 2003 with declining revenue

PAM Transportation Services Inc, which includes refrigerated service at David McNeill Trucking, reported net income of $1,771,206 for the fourth quarter of 2003, compared with net income of $3,995,940 for the same period in 2002.

For the full year 2003, the Tontitown AR-based truckload carrier tallied $11,599,851. This compares with $16,593,007 reported for 2002.

Operating revenues of $74,235,660 were reported for the fourth quarter of 2003, a 14.5% gain versus $64,823,623 for the fourth quarter of 2002. Operating revenues for 2003 were $293,546,854, an 11.2% increase compared with $264,011,924 for 2002.