P.A.M. Transportation Services used better rates and margins to best analysts’ expectations in the 2022 first quarter. The Tontitown, Arkansas-based truckload carrier reported adjusted net income of $1.18 per share, 66 cents better than the year-ago result and 39 cents ahead of the consensus estimate.
The result excluded a $3.3 million legal reserve associated with “a claim anticipated to settle in excess of insurance policy limits.”
“PAM had its best first quarter in our history,” President Joe...
https://www.freightwaves.com/news/pam-transportation-scores-record-q1-on-higher-rates