P.A.M. swings to 4Q profit, reports full-year net loss

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Pam Transport

P.A.M. Transportation Services Inc. on Thursday, Feb. 8, reported net income of $133,037 for the quarter ended Dec. 31 and a net loss of $2.857 million for the year ended Dec. 31. These results compare to a net loss of $1.11 million for the quarter ended Dec. 31, 2010, and a net loss of $654,728 for the year ended Dec. 31, 2010.

Operating revenues were $89.39 million for the fourth quarter of 2011, a 14.3 percent increase compared to $78.2 million for the fourth quarter of 2010. Operating revenues were $359.243 million for the year ended Dec. 31, 2011, an 8.2 percent increase compared to $331.994 million for the year ended Dec. 31, 2010.

“The focus of the company since my arrival in July 2009 has been to build a sustainable profit model,” said Daniel Cushman, president of the Tontitown, Ark.-based company. “While this sounds basic and fundamental, the execution of the concept requires discipline and perseverance, and often means forgoing short-term profit opportunities in favor of investing in the long-term sustainable profit plan. … While we will never be content with break-even operating results, we were pleased with the year-over-year improvement and progress in many key areas. We look forward to 2012 and our continued progress towards the achievement of a sustainable profit model.”