Brief: P.A.M. Transportation Services Q2 Revenue Fell 1.7% To $133 Mln

PAMT

15/07/2019 21:54

July 15 (Reuters) - PAM Transportation Services Inc
 PTSI.O :
    * P.A.M. TRANSPORTATION SERVICES, INC. ANNOUNCES RESULTS FOR
THE
SECOND QUARTER ENDED JUNE 30, 2019
    * Q2 REVENUE FELL 1.7 PERCENT TO $133 MILLION
    * Q2 EARNINGS PER SHARE $1.45
    * PAM TRANSPORTATION SERVICES - REVENUE, BEFORE FUEL
SURCHARGE,
DECREASED 0.5% TO $112.4 MILLION FOR Q2 OF 2019 COMPARED TO
$112.9 MILLION FOR Q2 OF 2018
    * PAM TRANSPORTATION SERVICES - "DO NOT EXPECT TO EXPERIENCE
SIGNIFICANT PRICE DECREASES IN ANY MATERIAL OPERATING COSTS IN
NEAR TERM"
    * PAM TRANSPORTATION SERVICES - "DESPITE DRIVER RATE
INCREASES,
DRIVER RECRUITING & RETENTION CONTINUES TO BE ONE OF GREATEST
CHALLENGES TO OUR INDUSTRY"
    * "DO NOT BELIEVE THAT RATE INCREASES GRANTED TO DATE HAVE
RESOLVED DRIVER SHORTAGE ISSUE"
    * "MEXICO CONTINUES TO BE AN AREA WHERE WE SEE GROWTH, BOTH
FROM
ASSET AND NON-ASSET SERVICE OFFERING"

Source text for Eikon:  ID:nGNX8T2rfd 
Further company coverage:  PTSI.O 

 ((Reuters.Briefs@thomsonreuters.com;))