Reported about 10 hours ago
Pamt Corp. reported a net loss of $5.6 million in the third quarter, marking its fourth consecutive loss. The company's revenue fell 18% year-over-year to $150 million, with a significant portion tied to the struggling automobile industry. The truckload unit experienced a 106.7% operating ratio and noted an operating loss for the eighth straight quarter. Pamt's financial difficulties also included a violation of a debt covenant, although the company is negotiating revisions with its lender.
Source: YAHOO