Company: PAMT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001437749-25-015763
Chunk: 16

Company: PAMT CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 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 March 31,  
   2025    2024  
   Amount    %    Amount    %  
   (in thousands, except percentage data)  
                 
 Truckload Services revenue  $92,429   67.6  $102,200   63.5 
 Brokerage and Logistics Services revenue   44,272   32.4   58,769   36.5 
 Total revenues  $136,701   100.0  $160,969   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 by geographic area:

       Quarter Ended March 31,  
   2025    2024  
   (in thousands)  
   Amount    Percent    Amount    Percent  
 United States - domestic shipments  $83,917   54.0  $118,909   65.1 
 Shipments to or from Mexico   71,025   45.7   63,381   34.7 
 Shipments to or from Canada   400   0.3   302   0.2 
                 
 Total  $155,342   100%  $182,592   100% 

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   NOTE G: TREASURY STOCK
   The Company’s stock repurchase program has been extended and expanded several times, most recently in