Proficient Auto Logistics Inc (NASDAQ: PAL) is an automobile transportation and logistics company that moves vehicles for OEM automakers, leasing companies, insurance companies, and automobile auction companies across the United States. The company generates revenue through two segments: Company Drivers, an asset-based model using company-owned equipment under long-term OEM contracts and spot arrangements, and Subhaulers, an asset-light model that outsources loads to independent owner-operators and third-party carriers while maintaining the customer billing relationship. PAL was formed through the May 2024 IPO-concurrent acquisition of five founding companies, Delta Auto Transport, Deluxe Auto Carriers, Sierra Mountain Group, Proficient Auto Transport, and Tribeca Automotive, and has since added Auto Transport Group (August 2024), Brothers Auto Transport (April 2025), and two repair facilities. Total operating revenue was $430.4M for the twelve months ended December 31, 2025, against $240.9M for the twelve months ended December 31, 2024 (Successor period). The company reported an operating loss of $35.3M for FY2025. CEO Richard O'Dell leads the company.

Revenue model

Transactional and contract-based. Company Drivers segment earns revenue by transporting vehicles under long-term OEM contracts and spot arrangements using company-owned equipment. Subhaulers segment earns a margin on loads dispatched to independent contractors and third-party carriers, with the primary cost being purchased transportation. Both segments serve OEM contract, spot, and secondary market auto moves.

Products and services

Automobile transportation via company-employed drivers using owned equipment (Company Drivers segment); brokered auto transport using independent contractors and third-party carriers under PAL's DOT authority (Subhaulers segment); regional auto storage yard operations for OEMs; truck and trailer repair services through Proficient Repair Services LLC and PVT Truck & Trailer Repair LLC.

Customers and end markets

Primary customers are automotive OEMs served under long-term contracts, with additional customers including leasing companies, insurance companies, and automobile auction companies. Secondary market auto moves represent a separate customer category outside OEM relationships. The filing notes material dependence on OEM customers as a risk factor.

Value-chain role

Middle-mile vehicle logistics operator sitting between auto manufacturers and dealerships or end recipients. In the Company Drivers segment, PAL owns and operates the transport equipment. In the Subhaulers segment, PAL manages customer relationships, billing, and dispatch while outsourcing physical transport to independent contractors and carriers operating under PAL's DOT authority.

Geographic exposure

United States. Operations described as geographically diversified across routes nationwide. Specific facilities include a terminal in Ogden, Utah (ATG headquarters) and a hub in Wind Gap, Pennsylvania (Brothers Auto Transport). Integration of transportation management and route planning across all operations was completed in 2025.

Source: SEC 10-K, filed 2026-03-31

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