PAM Transportation Services INC: directors' dealings · United States · SEC (Form 4)

About PAM Transportation Services INC

PAM Transportation Services Inc., now reported in the public market under the corporate name PAMT CORP and traded on the NASDAQ under ticker PTSI, is a U.S.-based truckload transportation and logistics company. Its core business is dry-van truckload hauling of general commodities, a lane structure that typically serves a broad range of industrial and consumer freight. In addition to asset-based trucking, the group also participates in brokerage and logistics services, which adds a non-asset and network-supported layer to its operating model. The company’s operating footprint also extends into Mexico through arrangements with Mexican carriers, giving it a broader North American reach than a purely domestic carrier. ([sec.gov](https://www.sec.gov/Archives/edgar/data/798287/000168316824007944/pam_ex9901.htm?utm_source=openai)) The company was founded in June 1986 and has long operated as a holding company with transportation-focused subsidiaries. Its administrative headquarters are in Tontitown, Arkansas, a location that fits a carrier with strong exposure to U.S. freight corridors. In November 2024, the company completed a redomestication from Delaware to Nevada and adopted the PAMT CORP name, while stating that the transaction did not change the business, operations, or financial position of the enterprise. For investors, the key point is that this is still the same economically cyclical trucking platform, sensitive to freight demand, fuel costs, driver availability, equipment pricing, and the broader industrial cycle in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/798287/000168316824007944/pam_ex9901.htm?utm_source=openai)) Competitively, PAMT operates in a highly fragmented and competitive North American trucking market. It does not rely on a single flagship product; instead, its value proposition is a mix of dry-van capacity, network density, logistics capabilities, and customer service execution. That positioning can help it win freight from shippers that need reliable over-the-road service, but it also means the company faces constant pressure from national truckload carriers, regional operators, brokers, and intermodal alternatives. The company’s economics are therefore closely tied to pricing discipline, equipment utilization, and fleet renewal, as well as to insurance, labor, and maintenance costs. ([sec.gov](https://www.sec.gov/Archives/edgar/data/798287/000121390025034813/ea023921001-exa5b_pamt.htm?utm_source=openai)) Recent disclosures suggest a still-challenging operating backdrop in 2025. The company reported a year-over-year revenue decline and an operating loss in the first quarter of 2025, and it also disclosed senior management changes during the year. Those developments reinforce the view that PAMT remains a cyclical transport name rather than a defensive compounder. For equity investors on the French, Belgian, or Swiss side, the stock is best understood as a U.S. listed NASDAQ transportation company with leverage to freight market recovery, but also with meaningful downside sensitivity if truckload pricing remains weak. ([sec.gov](https://www.sec.gov/Archives/edgar/data/798287/000121390025034813/ea023921001-exa5b_pamt.htm?utm_source=openai))