Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 73

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 this sometimes volatile source of revenue allows a more consistent basis for comparing our results of operations from period to period. During the three months ended June 30, 2025 and 2024, approximately $17.3 million and $22.7 million, respectively, of the Company’s total revenue was generated from fuel surcharges. During the six months ended June 30, 2025 and 2024, approximately $36.0 million and $44.4 million, 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 

      Six Months Ended 

      June 30, 

      June 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 

     41.7

     38.6

     41.5

     39.5

      Operating supplies and expenses 

     12.3

     11.5

     12.9

     12.0

      Rent and purchased transportation 

     30.2

     26.7

     28.0

     24.5

      Depreciation 

     23.0

     17.3

     23.4

     17.8

      Insurance and claims 

     5.5

     5.1

     5.3

     4.9

      Other 

     4.6

     4.6

     4.6

     5.2

      (Gain)/loss on sale or disposal of property 

     (4.8
     )

     (0.1
     )