Pamt Corp: Sixth Consecutive Quarterly Loss, Share Repurchases Planned

Pamt Corp, a truckload carrier, posted a net loss of eight thousand dollars in Q1, but after accounting for a significant gain from selling a Texas facility and extra stock portfolio income, their core operations actually lost more. This marks their sixth consecutive quarterly net loss. The truckload unit saw an eight percent drop in average trucks in service and revenue per truck each week, with revenue per loaded mile falling eight percent to two dollars and six cents. This resulted in their tenth straight operating loss in that segment. The companys revenue tied to the auto industry, which has been hit hard by new tariffs and trade shifts, accounted for thirty-five percent of their revenue last year. Salaries and benefits costs also rose as a share of revenue. However, logistics revenue edged up to forty-four million dollars with the operating ratio improving to ninety-five point four percent. Pamt plans to increase share repurchases this quarter to support their stock, which has fallen thirty-nine percent over the past year. Despite ongoing trucking pressures, the company is making moves to steady the ship. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b16769dbd15b6191