Pam Transportation Services’ third quarter produced a big reset from the record highs the company posted just one year ago. The result was also a notable step down from the 2023 second quarter.
Third-quarter revenue of $202 million was down 20% year over year (y/y) and operating income and earnings per share were off approximately 75%. The Tontitown, Arkansas-based carrier recorded EPS of 28 cents compared to $1.09 in the same period last year.
Lower gains on sale were a 3 cent hit and a higher...
https://www.freightwaves.com/news/pam-transportation-feels-brunt-of-downcycle-in-q3