Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 14

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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   NOTE F: SEGMENT INFORMATION
   The Company follows the guidance provided by ASC Topic 280, Segment Reporting, in its identification of operating segments. The Company has determined that it has a total of two operating segments whose primary operations can be characterized as either Truckload Services or Brokerage and Logistics Services; however, in accordance with the aggregation criteria provided by FASB ASC Topic 280, the Company has determined that the operations of the two operating segments can be aggregated into a single reportable segment. Both our truckload operations and our brokerage/logistics operations have similar qualitative and quantitative economic characteristics and are impacted by virtually the same economic factors. Based on the Company’s segment identification, interpretation of the aggregation criteria outlined in ASC 280-10-50-11, and the similar qualitative and quantitative economic characteristics of the Company’s operating segments, the operations of the Company are aggregated into a single motor carrier segment. The Company’s chief operating decision maker, the Chief Executive Officer, utilizes the metrics of net income and operating ratio to evaluate company performance and in competitive analysis when comparing to competing companies.
    
   Truckload Services revenues and Brokerage and Logistics Services revenues, each before fuel surcharges, were as follows:

       Three Months Ended September 30,    Nine Months Ended September 30,  
   2025    2024    2025    2024  
   Amount    %    Amount    %    Amount    %    Amount    %  
   (in thousands)  
                                 
 Truckload Services revenue  $91,189   68.6  $110,609   68.8  $276,442   68.5  $319,363   66.3 
 Brokerage and Logistics Services revenue   41,759   31.4   50,190   31.2   127,013   31.5   162,617   33.7 
 Total revenues  $132,948   100.0  $160,799   100.0  $403,455   100.0  $481,980   100.0 

   The Company provides truckload transportation services as well as brokerage and logistics services to customers throughout the United States and portions of Canada and Mexico. The table below presents revenue dollars and percentages, each including fuel sur