Brief: P.A.M. Transportation Services Q3 Earnings Per Share $0.79

PAMT

15/10/2019 18:11

Oct 15 (Reuters) - Pam Transportation Services Inc  PTSI.O :
    * P.A.M. TRANSPORTATION SERVICES, INC. ANNOUNCES RESULTS FOR
THE
THIRD QUARTER ENDED SEPTEMBER 30, 2019
    * Q3 REVENUE FELL 8.1 PERCENT TO $129 MILLION
    * Q3 EARNINGS PER SHARE $0.79
    * PAM TRANSPORTATION SERVICES PRESIDENT SAYS "GENERAL MOTORS
IS
OUR LARGEST CUSTOMER AND REPRESENTS APPROXIMATELY 20% OF OUR
REVENUE"
    * PAM TRANSPORTATION - AT INCEPTION OF GM-UAW STRIKE, HAD TO
DECIDE TO EITHER BEGIN A HOLDING PATTERN UNTIL STRIKE ENDED OR
TO REDEPLOY ASSETS ELSEWHERE
    * PAM TRANSPORTATION SERVICES INC - DECIDED TO REDEPLOY
ASSETS
ELSEWHERE DUE TO GM-UAW STRIKE
    * PAM TRANSPORTATION - SALES, CUSTOMER SERVICE, OPERATIONS,
LOGISTICS TEAMS BEGAN EFFORTS FOR REPLACEMENT FREIGHT FOR ABOUT
400 DRIVERS AFFECTED BY GM-UAW STRIKE
    * PAM TRANSPORTATION SAYS "OUR DRIVER NUMBERS HELD STEADY
THROUGH
THE END OF THE QUARTER"
    * PAM TRANSPORTATION SERVICES PRESIDENT SAYS GM-UAW STRIKE
"IS NOT
GOOD FOR US & WE WILL NOT BE AT OPTIMUM PERFORMANCE LEVELS FOR
AS LONG AS IT LASTS"
    * PAM TRANSPORTATION SERVICES PRESIDENT SAYS "GENERAL
MOTORS, AS
OUR LARGEST CUSTOMER, IS VERY GOOD FOR US OVERALL & WE NEED"
GM-UAW STRIKE TO END

Source text for Eikon:  ID:nGNXbkyMtd 
Further company coverage:  PTSI.O  GM.N 

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