P.A.M. Transportation Services, Inc. Announces Results for the First Quarter Ended March 31, 2013

P.A.M. Transportation Services, Inc. Announces Results for the First Quarter
Ended March 31, 2013

TONTITOWN, Ark., April 24, 2013 (GLOBE NEWSWIRE) -- P.A.M. Transportation
Services, Inc. (Nasdaq:PTSI) today reported net loss of $456,267 or diluted
and basic loss per share of $0.05 for the quarter ended March 31, 2013. These
results compare to net income of $674,193 or diluted and basic earnings per
share of $0.08 for the quarter ended March 31, 2012. Operating revenues were
$99,981,938 for the first quarter of 2013, a 4.0% increase compared to
$96,155,411 for the first quarter of 2012.

Daniel H. Cushman, President of the Company, commented, "Revenue, excluding
fuel surcharge, grew by 3.5% for the first quarter 2013 compared to the first
quarter 2012. This growth was driven by a 57 truck increase in our average
fleet size, a 10% reduction in uncompensated empty miles and 4.3% year over
year growth in our Supply Chain Solutions revenue and was accomplished despite
one less business day in the first quarter 2013 compared to 2012. We achieved
virtually flat equipment utilization year to year in spite of more challenging
weather conditions in 2013 compared to the relatively mild first quarter in
2012, and Easter and Good Friday falling in the first quarter in 2013 compared
to being in the second quarter in 2012.

"However, growth in expenses outpaced year to year revenue growth increasing
to 100.3% of revenue in the first quarter 2013 from 98.6% of revenue in the
first quarter 2012. The first quarter 2013 was burdened by an approximate
$600,000 increase in workers compensation reserve for a single accident. In
total, workers compensation increased by $1.0 million for the first quarter
2013 compared to 2012 and accounted for approximately 1.3% of the 1.8% overall
increase in operating expenses as a percentage of operating revenue for the
quarters compared.

"While we have been successful in keeping our trucks manned, costs associated
with attracting, training and qualifying enough drivers to outpace turnover
are increasing. As the economy recovers, we not only see increasing
competition from other transportation providers, but also heightened demand
from construction, manufacturing and agriculture, among others. We ended the
quarter with 208 more drivers and 162 more owner operators than we ended with
in the first quarter 2012. We continue to focus on programs and processes
centered on our driving associates and our dedication to creating value for
them with PAM in an intensely competitive market.

"Diesel fuel prices, as reported by the Department of Energy, averaged
approximately $0.06 higher during the first quarter 2013 than the first
quarter 2012. The harsher weather conditions of the first quarter 2013
increased the number of gallons used while idling, which combined with the
higher price, offset much of the year over year improvement we have been
seeing from our newer equipment and fuel efficiency programs. We continue to
focus on fuel saving strategies involving equipment specifications, driver
performance bonuses, improving fuel surcharge coverage, and fuel cost
negotiation among others.

"The average age of our tractor fleet reached 1.50 years at the end of the
first quarter of 2013, which represents one of the newest fleets in our peer
group. Our current capital expenditure plan would maintain this tractor age
and includes fleet growth of approximately 100 trucks. In addition to tractor
purchases, we plan to purchase 60 new trailers per month for the remainder of
2013 while retiring 60 old trailers to further reduce maintenance expense,
increase fuel efficiency, and increase customer and driver satisfaction.

"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.

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; 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                                      
                                           Quarter ended March 31,
                                           2013            2012
Revenue, before fuel surcharge              $77,827,949     $75,168,440
Fuel surcharge                              22,153,989      20,986,971
                                           99,981,938      96,155,411
Operating expenses and costs:                              
Salaries, wages and benefits                41,108,563      32,041,516
Fuel expense                                26,970,478      30,846,752
Operating supplies and expenses             8,848,910       9,325,103
Rent and purchased transportation           6,384,468       6,998,246
Depreciation                                10,093,574      9,247,024
Operating taxes and licenses                1,270,899       1,239,796
Insurance and claims                        3,437,991       3,334,881
Communications and utilities                600,749         589,917
Other                                       1,660,107       1,409,851
(Gain) loss on disposition of equipment     (142,208)       36,095
Total operating expenses and costs          100,233,531     95,069,181
Operating (loss) income                     (251,593)       1,086,230
Interest expense                            (815,242)       (561,413)
Non-operating income                        282,871         594,361
(Loss) income before income taxes           (783,964)       1,119,178
Income tax (benefit) expense                (327,697)       444,985
Net (loss) income                           $(456,267)      $674,193
Diluted (loss) earnings per share           $(0.05)         $0.08
Average shares outstanding – Diluted        8,688,433       8,698,393
                                           Quarter ended March 31,
Truckload Operations                       2013            2012
Total miles                                 51,743,966      50,693,398
Operating ratio*                            100.71%         98.67%
Empty miles factor                          7.97%           8.87%
Revenue per total mile, before fuel         $1.37           $1.35
Total loads                                 63,869          66,333
Revenue per truck per work day              $624            $613
Revenue per truck per week                  $3,120          $3,065
Average company trucks                      1,546           1,651
Average owner operator trucks               257             95
Logistics Operations                                      
Total revenue                               $6,919,794      $6,633,291
Operating ratio                             96.40%          97.33%
* 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.

         P.O. BOX 188
         Tontitown, AR 72770
         Lance K. Stewart
         (479) 361-9111

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