P.A.M. Transportation Services, Inc. Announces Results for the Fourth Quarter and Year Ended December 31, 2012

P.A.M. Transportation Services, Inc. Announces Results for the Fourth Quarter
and Year Ended December 31, 2012

TONTITOWN, Ark., Feb. 6, 2013 (GLOBE NEWSWIRE) -- P.A.M. Transportation
Services, Inc. (Nasdaq:PTSI) today reported net loss of $311,010 or diluted
and basic loss per share of $0.04 for the quarter ended December 31, 2012, and
net income of $2,178,881 or diluted and basic earnings per share of $0.25 for
the year ended December 31, 2012. These results compare to net income of
$133,037 or diluted and basic earnings per share of $0.02 for the quarter
ended December 31, 2011, and net loss of $2,857,371 or diluted and basic loss
per share of $0.32 for the year ended December 31, 2011.

Operating revenues were $95,772,668 for the fourth quarter of 2012, a 7.1%
increase compared to $89,388,357 for the fourth quarter of 2011. Operating
revenues were $380,632,762 for the year ended December 31, 2012, a 6.0%
increase compared to $359,242,960 for the year ended December 31, 2011.

Daniel H. Cushman, President of the Company, commented, "We finished the year
with eleven consecutive profitable months, followed by a single month of loss
in December. We are pleased with the progress achieved during 2012, reflected
in the $0.57 cent swing in earnings per share from a $0.32 cent per share loss
posted in 2011 to earnings of $0.25 cents per share for 2012. This improvement
was achieved in an environment characterized by rising fuel prices that
averaged $0.12 cents per gallon higher in 2012 compared to 2011, rising
equipment and replacement parts costs, increased competition for drivers,
increased regulation, and an economy that continues to struggle to get
traction.

"Fourth quarter freight demand began up year over year and remained strong
through the Friday before Christmas. However, demand fell off more drastically
the last ten days of 2012 than in 2011, which is largely attributable to the
mid-week holiday in 2012, compared to the weekend holiday in 2011. This had
the effect of reducing the momentum of year over year revenue growth from 7.2%
in October and November, to a slight decrease year over year in December.We
reduced our fourth quarter operating loss slightly from $433,000 for the
fourth quarter 2011 to $395,000 for the fourth quarter 2012.

"Our fleet replenishment cycle is on schedule with the average age of our
tractor fleet reaching 1.70 years as of December 2012, down from 2.67 years at
December 2011 and 3.47 years at its peak in April 2011. We took delivery of
approximately 600 tractors and 600 trailers in 2012 and plan to continue a
similar cycle through 2013. We are very pleased with the improvements we have
seen in fuel efficiency, maintenance costs, driver and customer satisfaction
and CSA scores as a result of the newer fleet. In addition, our truck fleet
was equipped with electronic on-board recorders (EOBR's) for all of 2012, well
in advance of the July 2015 mandated implementation. The real time driver
availability information provided by EOBR's has enhanced our safety programs
as well as increased utilization through our ability to plan more effectively.
We believe there are additional opportunities to further leverage this
information and will aggressively implement these initiatives in 2013.

"The driver market continued to tighten throughout 2012, but we ended the year
with 260 more drivers and 143 more owner operators than we ended with in 2011.
We continue to focus on programs and processes centered in our driving
associates and our dedication to creating value for them with PAM in an
intensely competitive market.

"As we become more satisfied with the diversification of our customer base, we
have greatly intensified our focus on premium service in order to create
satisfaction, loyalty and growth within our customer base. We continue to
increase the percentage of our total revenue earned from Mexico, Expedited
Services, and Dedicated operations while being very systematic and disciplined
in our choices of origins, destinations and pricing within our general, random
offering.

"We made significant progress towards the goal of sustainable profitability
during 2012, but will not be satisfied until we can overcome months like
December that pose specific challenges to profitability. We would like to
commend our dedicated employees and thank our customers, suppliers and
shareholders for their continued commitment and support."

P.A.M. Transportation Services, Inc. is a leading truckload dry van carrier
transporting general commodities throughout the continental United States, as
well as in the Canadian provinces of Ontario and Quebec. The Company also
provides transportation services in Mexico through its gateways in Laredo and
El Paso, Texas under agreements with Mexican carriers.

The PAM Transportation Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5148

Certain information included in this document contains or may contain
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements may relate to
expected future financial and operating results or events, and are thus
prospective. Such forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from future results expressed or implied by such forward-looking
statements. Potential risks and uncertainties include, but are not limited to,
excess capacity in the trucking industry; surplus inventories; recessionary
economic cycles and downturns in customers' business cycles; increases or
rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, license
and registration fees; the resale value of the Company's used equipment and
the price of new equipment; increases in compensation for and difficulty in
attracting and retaining qualified drivers and owner-operators; increases in
insurance premiums and deductible amounts relating to accident, cargo,
workers' compensation, health, and other claims; unanticipated increases in
the number or amount of claims for which the Company is self insured;
inability of the Company to continue to secure acceptable financing
arrangements; seasonal factors such as harsh weather conditions that increase
operating costs; competition from trucking, rail, and intermodal competitors
including reductions in rates resulting from competitive bidding; the ability
to identify acceptable acquisition candidates, consummate acquisitions, and
integrate acquired operations; a significant reduction in or termination of
the Company's trucking service by a key customer; terrorist attacks; war;
natural disasters; risk of doing business internationally; and other factors,
including risk factors, included from time to time in filings made by the
Company with the Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise forward-looking statements, whether as
a result of new information, future events or otherwise.In light of these
risks and uncertainties, the forward-looking events and circumstances
discussed above and in company filings might not transpire.


P.A.M. Transportation Services, Inc. and Subsidiaries
Key Financial and Operating Statistics
(unaudited)
                   Quarter ended December 31,   Twelve Months ended December
                                                 31,
                   2012           2011          2012            2011
                                                             
Revenue, before     $74,398,457    $70,958,464   $297,698,165    $284,178,133
fuel surcharge
Fuel surcharge      21,374,211     18,429,893    82,934,597      75,064,827
                   95,772,668     89,388,357    380,632,762     359,242,960
                                                             
Operating expenses                                            
and costs:
Salaries, wages and 37,979,888     29,830,833    139,062,229     118,321,257
benefits
Fuel expense        26,715,873     28,590,183    111,377,974     124,956,241
Operating supplies  9,264,374      9,810,899     39,010,789      38,658,940
and expenses
Rent and purchased  5,034,129      5,162,218     23,814,806      21,841,978
transportation
Depreciation        10,105,040     9,417,609     38,297,890      34,163,037
Operating taxes and 1,277,739      1,239,585     5,003,437       4,951,919
licenses
Insurance and       3,662,053      3,243,919     13,744,172      13,069,554
claims
Communications and  574,842        590,923       2,234,532       2,495,684
utilities
Other               1,629,851      1,868,425     5,350,424       6,029,071
Loss (gain) on
disposition of      (76,566)       66,818        (166,251)       97,897
equipment
Total operating     96,167,223     89,821,412    377,730,002     364,585,578
expenses and costs
                                                             
Operating (loss)    (394,555)      (433,055)     2,902,760       (5,342,618)
income
                                                             
Interest expense    (783,837)      (442,012)     (2,595,371)     (1,798,720)
Non-operating       610,719        226,029       3,287,939       1,551,110
income
                                                             
(Loss) income       (567,673)      (649,038)     3,595,328       (5,590,228)
before income taxes
Income tax          (256,663)      (782,075)     1,416,447       (2,732,857)
(benefit) expense
                                                             
Net (loss) income   $(311,010)     $133,037      $2,178,881      $(2,857,371)
                                                             
Diluted (loss)      $(0.04)        $0.02         $0.25           $(0.32)
earnings per share
                                                             
Average shares
outstanding –       8,701,607      8,798,373     8,701,924       9,055,595
Diluted
                                                             
                   Quarter ended December 31,   Twelve Months ended December
                                                 31,
Truckload           2012           2011          2012            2011
Operations
                                                             
Total miles         50,241,983     47,892,476    200,765,378     195,080,700
Operating ratio*    100.74%        100.77%       99.18%          102.14%
Empty miles factor  8.52%          9.33%         8.72%           8.29%
Revenue per total
mile, before fuel   $1.37          $1.38         $1.36           $1.36
surcharge
Total loads         63,769         68,482        258,968         277,866
Revenue per truck   $606           $587          $611            $591
per work day
Revenue per truck   $3,030         $2,935        $3,055          $2,955
per week
Average company     1,563          1,715         1,611           1,723
trucks
Average owner       209            70            149             48
operator trucks
                                                             
Logistics                                                     
Operations
Total revenue       $5,645,912     $4,961,432    $24,280,406     $18,378,852
Operating ratio     97.96%         98.55%        97.33%          98.09%
                                                             
* Operating ratio has been calculated based upon total operating expenses, net
of fuel surcharge, as a percentage of revenue, before fuel surcharge. We used
revenue, before fuel surcharge, and operating expenses, net of fuel surcharge,
because we believe that eliminating this sometimes volatile source of revenue
affords a more consistent basis for comparing our results of operations from
period to period.

CONTACT: P.A.M. TRANSPORTATION SERVICES, INC.
         P.O. BOX 188
         Tontitown, AR 72770
         Lance K. Stewart
         (479) 361-9111

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