Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 69

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 respectively, of the Company’s total revenue was generated from fuel surcharges. We may also discuss certain changes in our expenses as a percentage of revenue, before fuel surcharge, rather than absolute dollar changes. We do this because we believe the variable cost nature of certain expenses makes a comparison of changes in expenses as a percentage of revenue more meaningful than absolute dollar changes.

RESULTS OF OPERATIONS – TRUCKLOAD SERVICES

The following table sets forth, for truckload services, the percentage relationship of expense items to operating revenues, before fuel surcharges, for the periods indicated. Fuel costs are reported net of fuel surcharges.

      Three Months Ended 

      Nine Months Ended 

      September 30, 

      September 30, 

      2025 

      2024 

      2025 

      2024 

      (percentages) 

      Operating revenues, before fuel surcharge 

     100.0

     100.0

     100.0

     100.0

      Operating expenses: 

      Salaries, wages and benefits 

     40.9

     38.2

     41.3

     39.0

      Operating supplies and expenses 

     12.6

     11.7

     12.8

     11.9

      Rent and purchased transportation 

     26.2

     26.7

     27.4

     25.3

      Depreciation 

     21.3

     15.8

     22.7

     17.1

      Insurance and claims 

     5.4

     4.3

     5.3

     4.7

      Other 

     4.7

     4.0

     4.6

     4.8

      (Gain)/loss on sale or disposal of property 

     (4.4
     )

     (0.2
     )

     (4.1
     )

     -

      Total operating expenses 

     106.7

     100.5

     110.0

     102.8

      Operating loss 

     (6.7
     )

     (0.5
     )

     (10.0
     )

     (2.8
     )

      Non-operating income 

     2.8

     3.3

     2.