P.A.M. Transportation Services Inc. has reported a 78.5 percent increase in net income to $5,183,360 for the quarter ended March 31, 2006 as compared to net income of $2,903,387 for the quarter ended March 31, 2005.

Operating revenues excluding fuel surcharges were $90,849,451 for the first quarter of 2006, a 13.4 percent increase compared to $80,108,475 for the first quarter of 2005.
Robert W. Weaver, president of P.A.M., said, “We have been working diligently on the key elements of our operating plan. We were, and continue to be, confident that we are applying our efforts in the correct areas to achieve success and we feel the results speak for themselves. Our consolidated operating ratio for the first quarter of 2006 improved to 90.0 percent for the first quarter of 2006 from 93.6 percent for the first quarter of 2005, and our operating ratio for our truckload business improved to 89.2 percent from 93.3 percent for the same periods.
"We experienced strong demand for our services during the quarter ended March 31, 2006, which helped to drive a 13.4 percent increase in revenue, before fuel surcharge. Revenue per loaded mile, before fuel surcharge, increased 12.7 percent to $1.45 from $1.28 for the quarters ended March 31, 2006 and 2005, respectively. Demand was strong throughout our customer base, including our automotive business, which remains an integral part of our customer mix and contributes to our overall operating efficiencies.”