Trade Resources Industry Views P.A.M. Reported a Fourth-Quarter Net Income Compared with a Loss The Prior Year.

P.A.M. Reported a Fourth-Quarter Net Income Compared with a Loss The Prior Year.

P.A.M.Transportation Services reported a fourth-quarter net income compared with a loss the prior year.

The truckload carrier reported a profit of$1.3 million,or 15 cents per share,compared with a loss of$311,010,or 4 cents a share,in the 2012 quarter,the company said in a Feb.6 statement.

Revenue grew to$96.5 million from$96 million last year,P.A.M.reported.

"While the fourth-quarter results are satisfying,momentum slowed during December due to multiple unfavorable weather-related events and a slow final week of the year.We certainly had challenges this December,but October and November performance was strong enough to allow us to finish the quarter with a$2.1 million operating profit,"P.A.M.President Daniel Cushman said in the statement.

P.A.M.is ranked No.65 on the Transport Topics 100 listing of U.S.and Canadian for-hire carriers.

 

Source: http://www.ttnews.com/articles/basetemplate.aspx?storyid=34104&t=PAM-Reports-Fourth-Quarter-Profit
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P. a. M. Reports Fourth-Quarter Profit
Topics: Transportation