Pamt Corp., formerly Pam Transportation Services, announced that President and CEO Joe Vitiritto will step down next month for family reasons.
The announcement follows the Tontitown, Arkansas-based company’s first-quarter net loss in which its truckload segment booked a sixth consecutive operating loss – a 110.9% operating ratio (inverse of operating margin).
Roughly one-third of the company’s annual revenue is tied to the automobile industry.
Vitiritto took the helm at Pamt in August 2020 after a...
https://www.freightwaves.com/news/pamt-corp-ceo-resigns-for-family-reasons-amid-mounting-losses