P.A.M. Transportation Services, Inc. operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces. The company also provides transportation services in Mexico under agreements with Mexican carriers. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. The company conducts operations through various wholly owned subsidiaries, including P.A.M. Transport, Inc.; T.T.X., LLC; P.A.M. Cartage Carriers, LLC; Overdrive Leasing, LLC; P.A.M. Logistics Services, Inc.; Choctaw Express, LLC; Choctaw Brokerage, Inc.; Transcend Logistics, Inc.; Decker Transport Co., LLC; East Coast Transport and Logistics, LLC; S & L Logistics, Inc.; and P.A.M. International, Inc. The company’s operating authorities are held by P.A.M. Transport, Inc.; P.A.M. Cartage Carriers, LLC; Choctaw Express, LLC; Choctaw Brokerage, Inc.; T.T.X., LLC; Decker Transport Co., LLC; and East Coast Transport and Logistics, LLC. The company’s operations can generally be classified into truckload services or brokerage and logistics services. Truckload services include those transportation services in which it utilizes company owned trucks or owner-operator owned trucks for the pickup and delivery of freight. The brokerage and logistics services consists of services, such as transportation scheduling, routing, mode selection, transloading and other value added services related to the transportation of freight which may or may not involve the use of company owned or owner-operator owned equipment. Revenue Equipment As of December 31, 2014, the company’s truck fleet consisted of 1,761 trucks, which includes 421 trucks leased under operating leases and 325 owner-operator trucks. As of December 31, 2014, the company’s trailer fleet consisted of 4,919 trailers, which includes 141 trailers leased under operating leases. Strategy The key elements of the company’s strategy include providing a full suite of complimentary truckload transportation solutions; developing customer relationships within high density traffic lanes; and providing superior and flexible customer service. Customers General Motors Company accounted for approximately 20% % of the company’s revenues in 2014. Another large customer, Chrysler, accounted for approximately 14% of the company’s revenues in 2014. The company provides transportation services to other manufacturers who are suppliers for automobile manufacturers. Seasonality The automobile plants for which the company transports a large amount of freight typically utilize scheduled shutdowns in July and December and the volume of automotive freight it ships is reduced during such scheduled plant shutdowns. Regulation The primary regulatory agencies affecting the company’s operations include the Federal Motor Carrier Safety Administration, the Pipeline and Hazardous Materials Safety Agency, and the Surface Transportation Board, which are all agencies within the U.S. Department of Transportation. The company is subject to compliance with cargo-security and transportation regulations issued by the Transportation Security Administration, a component department within the U.S. Department of Homeland Security. To the extent that the company conducts operations outside the United States, it is subject to the Foreign Corrupt Practices Act, which generally prohibits U.S. companies and their intermediaries from offering bribes to foreign officials for the purpose of obtaining or retaining favorable treatment. History P.A.M. Transportation Services, Inc. was founded in 1979. The company was incorporated under the laws of the state of Delaware in 1986.
p.a.m. transportation svcs
(PTSI:Consolidated Issue listed on NASDAQ Global Market)
297 West Henri De Tonti Boulevard
Tontitown, AR 72770
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