P.A.M. Sells Logistics Unit

P.A.M. Transportation Services said it sold its brokerage operation in Paulsboro, N.J., which did business as East Coast Transport & Logistics.

The company did not disclose the price of the sale or who bought the unit, but P.A.M. CEO Dan Cushman told ArkansasBusiness.com that PAM sold the entity back to Dan Latta, from whom P.A.M. had originally bought the operation in 2003.

“While this sale will decrease revenue, it will not have a material effect on our net income,” Cushman said in the company’s statement. P.A.M. is headquartered in Tontitown, Ark.

P.A.M. said the sale will allow it “to better focus on development of capacity alternatives to provide flexibility to our customers in a market characterized by tightening carrier capacity, while at the same time complementing our own operations in light of increased asset utilization and a downturn in the supply of available drivers.”

P.A.M. is ranked No. 62 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.