P.A.M. Reports 4Q Loss; Posts Full-Year Profit

P.A.M. Transportation Services posted a fourth-quarter loss compared with a profit in the year-ago period, but posted a full-year profit.

The truckload carrier reported a loss of $310,000, or 4 cents a share, compared with net income of $133,000, or 2 cents, a year earlier.

Revenue rose 7.1% to $95.8 million, Tontitown, Ark.-based P.A.M. said in a statement.

Its full-year net income was $2.2 million, or 25 cents per share, turning around a loss of $2.9 million, or 32 cents per share, in 2011. Sales rose 6% to $381 million.

The carrier said that, as of December, the average age of its tractors was 1.7 years, down from a high of 3.5 years in April 2011.

P.A.M. Transportation Services is ranked No. 67 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.