A settlement between PAM Transport and drivers of a class action lawsuit related to wages revealed that the company described its financial position to the court in a way that the presiding judge described as “precarious.”
Judge Timothy Brooks of the U.S. District Court for the Western District of Arkansas approved the settlement late last month. Truckload carrier PAM is headquartered in Tontitown, Arkansas.
Allen West, the PAM CFO, suggested in a phone interview with FreightWaves that the...