P.A.M. Transportation posts 48% increase in 3Q income

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P.A.M. Transportation Services has announced that its third-quarter net income was up 48% to $3.3 million, compared with $2.2 million for the year-ago period. Revenue grew 13% to $99.9 million from $88.5 million during the same period a year ago.

“Our business mix helped insulate the company from the effects of a softer retail environment felt by the industry in general and allowed us to increase both revenue per mile and revenue per tractor per week,” said Robert W. Weaver, president of Tontitown, Ark.-based P.A.M. “We continue to monitor the freight environment for signs of change but at this point have not seen a significant degradation of freight demand.”