P.A.M. Transportation Services, Inc. Announces Results for the First Quarter Ended March 31, 2001

Apr 19, 2001, 01:00 ET from P.A.M. Transportation Services, Inc.

    TONTITOWN, Ark., April 19 /PRNewswire/ --
 P.A.M. Transportation Services, Inc. (Nasdaq:   PTSI) today reported net income
 of $2,638,856 or diluted and basic earnings per share of $.31 for the quarter
 ended March 31, 2001 compared to net income of $2,127,749 or diluted and basic
 earnings per share of $.25 for the quarter ended March 31, 2000.  Revenues for
 the first quarter of 2001 increased 7.9% to  $58,405,763 compared to
 $54,147,383 in the same quarter of 2000.
     Robert W. Weaver, President of the Company, commented, "Given the current
 environment of the industry we are very pleased with our first quarter results
 and are optimistic about continuing success."
     P.A.M. Transportation Services, Inc., is an irregular route, common and
 contract motor carrier authorized to transport general commodities throughout
 the continental United States and the Canadian provinces of Ontario and
 Quebec, pursuant to operating authorities granted by the former Interstate
 Commerce Commission, various state and regulatory agencies and Canadian
 regulatory agencies.
     Certain information included in this document contains "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995.  Such forward-looking statements relate to expected future financial
 and operating results, and are thus prospective.  Such forward-looking
 statements are subject to risks, uncertainties and other factors which could
 cause actual results to differ materially from future results expressed or
 implied by such forward-looking statements.  Potential risks and uncertainties
 include, but are not limited to, general economic conditions, competition and
 other uncertainties detailed in this report and detailed from time to time in
 other filings by the Company with the Securities and Exchange Commission.
 
 
      P.A.M. TRANSPORTATION SERVICES, INC.
      EARNINGS REPORT
 
                                                         Quarter ended
                                                            March 31
                                                     2001              2000
 
     Operating revenue                           $58,405,763       $54,147,383
     Operating expenses                           52,852,018        49,252,917
     Operating income                              5,553,745         4,894,466
     Federal & state income taxes                  1,759,237         1,412,598
     Net income                                    2,638,856         2,127,749
 
     Average shares outstanding - diluted          8,519,088         8,514,854
     Average shares outstanding - basic            8,473,567         8,440,298
 
     Earnings per share - diluted                      $0.31             $0.25
     Earnings per share - basic                        $0.31             $0.25
 
     Operating ratio - Company                         90.5%             91.0%
 
 

SOURCE P.A.M. Transportation Services, Inc.
    TONTITOWN, Ark., April 19 /PRNewswire/ --
 P.A.M. Transportation Services, Inc. (Nasdaq:   PTSI) today reported net income
 of $2,638,856 or diluted and basic earnings per share of $.31 for the quarter
 ended March 31, 2001 compared to net income of $2,127,749 or diluted and basic
 earnings per share of $.25 for the quarter ended March 31, 2000.  Revenues for
 the first quarter of 2001 increased 7.9% to  $58,405,763 compared to
 $54,147,383 in the same quarter of 2000.
     Robert W. Weaver, President of the Company, commented, "Given the current
 environment of the industry we are very pleased with our first quarter results
 and are optimistic about continuing success."
     P.A.M. Transportation Services, Inc., is an irregular route, common and
 contract motor carrier authorized to transport general commodities throughout
 the continental United States and the Canadian provinces of Ontario and
 Quebec, pursuant to operating authorities granted by the former Interstate
 Commerce Commission, various state and regulatory agencies and Canadian
 regulatory agencies.
     Certain information included in this document contains "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995.  Such forward-looking statements relate to expected future financial
 and operating results, and are thus prospective.  Such forward-looking
 statements are subject to risks, uncertainties and other factors which could
 cause actual results to differ materially from future results expressed or
 implied by such forward-looking statements.  Potential risks and uncertainties
 include, but are not limited to, general economic conditions, competition and
 other uncertainties detailed in this report and detailed from time to time in
 other filings by the Company with the Securities and Exchange Commission.
 
 
      P.A.M. TRANSPORTATION SERVICES, INC.
      EARNINGS REPORT
 
                                                         Quarter ended
                                                            March 31
                                                     2001              2000
 
     Operating revenue                           $58,405,763       $54,147,383
     Operating expenses                           52,852,018        49,252,917
     Operating income                              5,553,745         4,894,466
     Federal & state income taxes                  1,759,237         1,412,598
     Net income                                    2,638,856         2,127,749
 
     Average shares outstanding - diluted          8,519,088         8,514,854
     Average shares outstanding - basic            8,473,567         8,440,298
 
     Earnings per share - diluted                      $0.31             $0.25
     Earnings per share - basic                        $0.31             $0.25
 
     Operating ratio - Company                         90.5%             91.0%
 
 SOURCE  P.A.M. Transportation Services, Inc.