Pamt Corp. reports Q3 net loss, books 109.1% truckload OR

Truckload carrier Pamt Corp. lost money again during the third quarter. Like other carriers, it pointed to elevated driver procurement costs and the spike in diesel fuel prices as the culprits.

Pamt (NASDAQ: PAMT) reported a net loss of $8.1 million, or 38 cents per share, on Monday after the market closed.

Earnings-per-share headwinds in the period included a $3.7-million year-over-year decline in gains on equipment sales (14 cents per share), and a $3.2-million y/y decline in non-operating income (12 cents per share). (The non-operating income line captures the change in value of its stock portfolio.)

Pamt booked a net loss of 27 cents per share in the year-ago quarter.

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