PAMT Corp (NASDAQ: PAMT) is a motor carrier company that provides asset-based truckload transportation and brokerage logistics services across the continental United States, Mexico, and Canada. Revenue comes from freight charges split between a base rate and a fuel surcharge component, with brokerage and logistics operations using third-party equipment to supplement owned capacity. Headquartered in Tontitown, Arkansas, PAMT operates dedicated, expedited, automotive, local, regional, and long-haul truckload services. Approximately 44% of freight hauled crosses the U.S.-Mexico border as of the FY2025 10-K filed March 12, 2026, making the Laredo, Texas crossing a material operational dependency. Property and equipment stood at $792.4 million as of December 31, 2025, down from $836.5 million at December 31, 2024, reflecting disposal of aging trucks and trailers totaling $160.2 million partially offset by $108.2 million in new equipment purchases. The company reported net losses in both FY2025 and FY2024, with net income positive in FY2023. Operations are reported as a single motor carrier segment under GAAP.

Revenue model

Transactional freight revenue composed of a base rate charge plus a fuel surcharge, generated from asset-based truckload services and supplemented by brokerage and logistics revenue using third-party carriers. The company also holds a marketable equity securities portfolio with a fair market value of approximately $48.5 million as of December 31, 2025, generating approximately $1.6 million in dividends during FY2025.

Products and services

Asset-based truckload services including dedicated, expedited, automotive, local, regional, and long-haul transportation. Brokerage and logistics solutions using third-party equipment. Cross-border U.S.-Mexico freight services operating through terminals in Laredo and El Paso, Texas and Nuevo Laredo, Mexico.

Customers and end markets

Shippers requiring truckload capacity in defined high-density traffic lanes across the continental United States, Mexico, and Canada. Cross-border U.S.-Mexico freight is a material end market, representing approximately 44% of freight hauled as disclosed in the FY2025 10-K.

Value-chain role

Asset-based carrier and third-party logistics broker occupying the transportation execution layer between shippers and end destinations. Operates owned terminal facilities in Arkansas, Ohio, Pennsylvania, Texas, and Mexico, with leased facilities in Georgia, Indiana, Michigan, New Jersey, North Carolina, and Monterrey, Mexico.

Geographic exposure

Continental United States as primary market. Mexico as a material cross-border market, with approximately 44% of freight crossing the U.S.-Mexico border as of FY2025. Canada as a minor market. Administrative headquarters in Tontitown, Arkansas.

Source: SEC 10-K, filed 2026-03-12

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