Businessweek

On April 24, 2013, Larry J. Goddard notified the Board of Directors of P.A.M. Transportation Services, Inc. that he will resign as Executive Vice President of the company effective May 10, 2013.

P.A.M. Transportation Services, Inc. announced unaudited financial results for the first quarter ended March 31, 2013. For the period, the company reported revenue, before fuel surcharge was $77,827,949 compared to $75,168,440 for the same period a year ago. Operating loss was $251,593 compared to operating income of $1,086,230 for the same period a year ago. Loss before income taxes was $783,964 income before income tax of $1,119,178 for the same period a year ago. Net loss was $456,267 or $0.05 per diluted share compared to $674,193 or $0.08 per diluted share for the same period a year ago.

On April 8, 2013, Charles F. Wilkins notified the Board of Directors of P.A.M. Transportation Services, Inc. that he will retire from the Board when his term expires at the company’s 2013 annual meeting of stockholders, which is scheduled for May 2013. Mr. Wilkins will continue to serve as a director of the company until the 2013 annual meeting.

P.A.M. Transportation Services, Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue, before fuel surcharge of $74,398,457 against $70,958,464 for the same period a year ago. Operating loss was $394,555 against $433,055 a year ago. Loss before income taxes was $567,673 against $649,038 a year ago. Net loss was $311,010 or $0.04 per diluted share against net income of $133,037 or $0.02 per diluted share a year ago. Operating revenues were $95,772,668, a 7.1% increase compared to $89,388,357 for the fourth quarter of 2011. For the full year, the company reported revenue, before fuel surcharge of $297,698,165 against $284,178,133 for the same period a year ago. Operating income was $2,902,760 against operating loss of $5,342,618 a year ago. Income before income taxes was $3,595,328 against loss before income tax of $5,590,228 a year ago. Net income was $2,178,881 or $0.25 per diluted share against net loss of $2,857,371 or $0.32 per diluted share a year ago. Operating revenues were $380,632,762, a 6.0% increase compared to $359,242,960 for the year ended December 31, 2011.

On January 8, 2013, Frank L. Conner notified the Board of Directors of P.A.M. Transportation Services, Inc. that he will retire from the Board when his term expires at the company's 2013 Annual Meeting of Stockholders, which is anticipated to be scheduled for May 2013. Mr. Conner will continue to serve as a director of the company until the 2013 Annual Meeting.