false
0000798287
0000798287
2024-10-24
2024-10-24
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 24, 2024
PAM TRANSPORTATION SERVICES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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0-15057
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71-0633135
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(State or other jurisdiction of
incorporation)
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(Commission File
Number)
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(I.R.S. Employer Identification No.)
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297 West Henri De Tonti, Tontitown, Arkansas 72770
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (479) 361-9111
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $.01 par value
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PTSI
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NASDAQ Global Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
The information contained in this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
The information herein (including the exhibit hereto) may contain "forward-looking statements" that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995 and otherwise may be protected. Such statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those anticipated by forward-looking statements.
Please refer to the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission for information concerning risks, uncertainties and other factors that may affect future results.
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Item 2.02
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Results of Operations and Financial Condition.
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On October 24, 2024, P.A.M. Transportation Services, Inc. issued a news release announcing its financial results for the second quarter ending September 30, 2024. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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P.A.M. TRANSPORTATION SERVICES, INC.
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(Registrant)
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Date: October 28, 2024
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By:
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/s/ Lance K. Stewart
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Lance K. Stewart
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Vice President-Finance, Chief Financial Officer, and Treasurer |
Exhibit 99.1
P.A.M. TRANSPORTATION SERVICES, INC.
ANNOUNCES RESULTS FOR THE THIRD QUARTER
ENDED SEPTEMBER 30, 2024
Third Quarter 2024 Summary Results
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●
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Total revenues of $182.6 million, down 9.4% YoY
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●
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Operating income of $2.3 million
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●
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Operating ratio of 98.7%
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●
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Diluted earnings per share of $0.11
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Tontitown, Arkansas, October 24, 2024...... P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) (“we” or the “Company”) today reported consolidated net income of $2.4 million, or diluted and basic earnings per share of $0.11, for the quarter ended September 30, 2024. These results compare to consolidated net income of $6.1 million, or diluted and basic earnings per share of $0.28 for the quarter ended September 30, 2023.
Operating revenues decreased 9.4% to $182.6 million for the third quarter of 2024 compared to $201.5 million for the third quarter of 2023.
Joe Vitiritto, President of the Company, commented, “Our consolidated operating results for the third quarter of 2024 improved sequentially. The quarter started off slow because of extended, but planned, down time from some of our biggest customers and ended slower than expected as we saw impacts to our business and volumes prior to Hurricane Helene. Inflationary operating costs continue to materialize, but we are determined to minimize the impact to our business and focus on factors that we can control. We continue to see signs that the market is improving, and I am confident that we are moving closer to a more normal truckload market. In these times, I am thankful for our whole team, especially all of our professional driving associates as they continue to demonstrate resiliency even in the face of challenges brought about from this tough environment.”
Liquidity, Capitalization, and Cash Flow
As of September 30, 2024, we had an aggregate of $152.2 million of cash, marketable equity securities, and available liquidity under our line of credit and $308.9 million of stockholders’ equity. Outstanding debt was $288.7 million as of September 30, 2024, which represents a $27.0 million increase from December 31, 2023. During the first nine months of 2024, we generated $43.8 million in operating cash flow.
About P.A.M. Transportation Services, Inc.
P.A.M. Transportation Services, Inc. is a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company’s consolidated operating subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers.
Forward-Looking Statements
Certain information included in this document contains or may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to expected future financial and operating results, prospects, plans or events, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, excess capacity in the trucking industry; surplus inventories; general inflation, recessionary economic cycles and downturns in customers' business cycles; a significant reduction in or termination of the Company's trucking service by a key customer, including as a result of future labor disruptions; increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, and license and registration fees; potential economic, business or operational disruptions or uncertainties that may result from any future public health crises; the resale value of the Company's used equipment; the price and availability of new equipment consistent with anticipated acquisitions and replacement plans; increases in compensation for and difficulty in attracting and retaining qualified drivers and owner-operators; increases in insurance premiums and deductible amounts relating to accident, cargo, workers' compensation, health, and other claims; increases in the number or amount of claims for which the Company is self-insured; inability of the Company to continue to secure acceptable financing arrangements; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors including reductions in rates resulting from competitive bidding; the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; the impact of pending or future litigation; general risks associated with doing business in Mexico, including, without limitation, exchange rate fluctuations, inflation, import duties, tariffs, quotas, political and economic instability and terrorism; the potential impact of new laws, regulations or policy, including, without limitation, rules regarding the classification of independent contractors as employees, tariffs, import/export, trade and immigration regulations or policies; and other factors, including risk factors, included from time to time in filings made by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether due to new information, future events or otherwise. Considering these risks and uncertainties, the forward-looking events and circumstances discussed above and in company filings might not transpire.
P.A.M. Transportation Services, Inc. and Subsidiaries
Key Financial and Operating Statistics
(unaudited)
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Quarter Ended September 30,
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|
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Nine Months Ended September 30,
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2024
|
|
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2023
|
|
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2024
|
|
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2023
|
|
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(in thousands, except earnings per share)
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|
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(in thousands, except earnings per share)
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|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Revenue, before fuel surcharge
|
|
$ |
160,799 |
|
|
$ |
174,348 |
|
|
$ |
481,980 |
|
|
$ |
549,885 |
|
|
Fuel surcharge
|
|
|
21,778 |
|
|
|
27,154 |
|
|
|
66,136 |
|
|
|
80,754 |
|
|
Operating Revenue
|
|
|
182,577 |
|
|
|
201,502 |
|
|
|
548,116 |
|
|
|
630,639 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Operating expenses and costs:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Salaries, wages and benefits
|
|
|
44,736 |
|
|
|
46,032 |
|
|
|
132,559 |
|
|
|
142,138 |
|
|
Operating supplies and expenses
|
|
|
34,982 |
|
|
|
42,378 |
|
|
|
105,002 |
|
|
|
123,589 |
|
|
Rent and purchased transportation
|
|
|
73,129 |
|
|
|
78,595 |
|
|
|
221,210 |
|
|
|
244,020 |
|
|
Depreciation
|
|
|
17,741 |
|
|
|
15,552 |
|
|
|
55,381 |
|
|
|
47,805 |
|
|
Insurance and claims
|
|
|
4,768 |
|
|
|
5,146 |
|
|
|
15,093 |
|
|
|
25,205 |
|
|
Other
|
|
|
5,121 |
|
|
|
5,305 |
|
|
|
18,052 |
|
|
|
17,936 |
|
|
Gain on disposition of equipment
|
|
|
(209 |
) |
|
|
(339 |
) |
|
|
(109 |
) |
|
|
(1,175 |
) |
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Total operating expenses and costs
|
|
|
180,268 |
|
|
|
192,669 |
|
|
|
547,188 |
|
|
|
599,518 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
|
|
|
2,309 |
|
|
|
8,833 |
|
|
|
928 |
|
|
|
31,121 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
(2,936 |
) |
|
|
(2,046 |
) |
|
|
(9,104 |
) |
|
|
(6,565 |
) |
|
Non-operating income
|
|
|
3,744 |
|
|
|
1,638 |
|
|
|
7,891 |
|
|
|
3,729 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income/(loss) before income taxes
|
|
|
3,117 |
|
|
|
8,425 |
|
|
|
(285 |
) |
|
|
28,285 |
|
|
Income tax expense/(benefit)
|
|
|
705 |
|
|
|
2,328 |
|
|
|
(68 |
) |
|
|
7,637 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net income/(loss)
|
|
$ |
2,412 |
|
|
$ |
6,097 |
|
|
$ |
(217 |
) |
|
$ |
20,648 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings/(loss) per share
|
|
$ |
0.11 |
|
|
$ |
0.28 |
|
|
$ |
(0.01 |
) |
|
$ |
0.93 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average shares outstanding – Diluted
|
|
|
21,825 |
|
|
|
22,139 |
|
|
|
21,911 |
|
|
|
22,219 |
|
| |
|
Quarter Ended September 30,
|
|
|
Nine Months Ended September 30,
|
|
| |
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Truckload Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total miles (in thousands) (1)
|
|
|
46,503 |
|
|
|
47,209 |
|
|
|
136,397 |
|
|
|
148,304 |
|
|
Operating ratio (2)
|
|
|
100.5 |
% |
|
|
95.8 |
% |
|
|
102.8 |
% |
|
|
96.0 |
% |
|
Empty miles factor
|
|
|
8.89 |
% |
|
|
7.84 |
% |
|
|
8.82 |
% |
|
|
8.48 |
% |
|
Revenue per total mile, before fuel surcharge (1)
|
|
$ |
2.10 |
|
|
$ |
2.14 |
|
|
$ |
2.10 |
|
|
$ |
2.17 |
|
|
Total loads
|
|
|
106,061 |
|
|
|
105,342 |
|
|
|
319,081 |
|
|
|
316,772 |
|
|
Revenue per truck per workday
|
|
$ |
751 |
|
|
$ |
764 |
|
|
$ |
724 |
|
|
$ |
781 |
|
|
Revenue per truck per week
|
|
$ |
3,757 |
|
|
$ |
3,819 |
|
|
$ |
3,620 |
|
|
$ |
3,903 |
|
|
Average company-driver trucks
|
|
|
1,820 |
|
|
|
2,007 |
|
|
|
1,842 |
|
|
|
2,038 |
|
|
Average owner operator trucks
|
|
|
481 |
|
|
|
326 |
|
|
|
455 |
|
|
|
360 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Logistics Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue (in thousands)
|
|
$ |
50,190 |
|
|
$ |
62,091 |
|
|
$ |
162,618 |
|
|
$ |
192,204 |
|
|
Operating ratio
|
|
|
94.3 |
% |
|
|
93.3 |
% |
|
|
94.0 |
% |
|
|
91.2 |
% |
P.A.M. Transportation Services, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(unaudited)
| |
|
September 30,
|
|
|
December 31,
|
|
| |
|
2024
|
|
|
2023
|
|
| |
|
(in thousands)
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
48,078 |
|
|
$ |
100,614 |
|
|
Trade accounts receivable, net
|
|
|
93,673 |
|
|
|
80,604 |
|
|
Other receivables
|
|
|
5,954 |
|
|
|
7,203 |
|
|
Inventories
|
|
|
2,332 |
|
|
|
2,321 |
|
|
Prepaid expenses and deposits
|
|
|
9,499 |
|
|
|
13,213 |
|
|
Marketable equity securities
|
|
|
44,205 |
|
|
|
43,203 |
|
|
Income taxes refundable
|
|
|
4,324 |
|
|
|
3,883 |
|
|
Total current assets
|
|
|
208,065 |
|
|
|
251,041 |
|
| |
|
|
|
|
|
|
|
|
|
Property and equipment
|
|
|
828,473 |
|
|
|
771,131 |
|
|
Less: accumulated depreciation
|
|
|
282,451 |
|
|
|
266,412 |
|
|
Total property and equipment, net
|
|
|
546,022 |
|
|
|
504,719 |
|
| |
|
|
|
|
|
|
|
|
|
Other non-current assets
|
|
|
2,655 |
|
|
|
4,697 |
|
|
Total assets
|
|
$ |
756,742 |
|
|
$ |
760,457 |
|
| |
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
37,898 |
|
|
$ |
62,652 |
|
|
Accrued expenses and other liabilities
|
|
|
16,776 |
|
|
|
16,799 |
|
|
Current portion of long-term debt
|
|
|
61,170 |
|
|
|
57,645 |
|
|
Total current liabilities
|
|
|
115,844 |
|
|
|
137,096 |
|
| |
|
|
|
|
|
|
|
|
|
Long-term debt, net of current portion
|
|
|
227,539 |
|
|
|
204,064 |
|
|
Deferred income taxes
|
|
|
104,195 |
|
|
|
104,331 |
|
|
Other long-term liabilities
|
|
|
250 |
|
|
|
750 |
|
|
Total liabilities
|
|
|
447,828 |
|
|
|
446,241 |
|
| |
|
|
|
|
|
|
|
|
|
STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
|
Common stock
|
|
|
224 |
|
|
|
223 |
|
|
Additional paid-in capital
|
|
|
40,999 |
|
|
|
40,825 |
|
|
Treasury stock, at cost
|
|
|
(13,996 |
) |
|
|
(8,736 |
) |
|
Retained earnings
|
|
|
281,687 |
|
|
|
281,904 |
|
|
Total stockholders’ equity
|
|
|
308,914 |
|
|
|
314,216 |
|
|
Total liabilities and stockholders’ equity
|
|
$ |
756,742 |
|
|
$ |
760,457 |
|
| |
1)
|
Excludes miles driven by third party power only carriers.
|
| |
2)
|
The Truckload Operations operating ratio has been calculated based upon total operating expenses, net of fuel surcharge, as a percentage of revenue, before fuel surcharge. We used revenue, before fuel surcharge, and operating expenses, net of fuel surcharge, because we believe that eliminating this sometimes volatile source of revenue affords a more consistent basis for comparing our results of operations from period to period.
|
FROM: P.A.M. TRANSPORTATION SERVICES, INC.
P.O. BOX 188
Tontitown, AR 72770
Lance K. Stewart
(479) 361-9111
v3.24.3
Document And Entity Information
|
Oct. 24, 2024 |
| Document Information [Line Items] |
|
| Entity, Registrant Name |
PAM TRANSPORTATION SERVICES, INC.
|
| Document, Type |
8-K
|
| Document, Period End Date |
Oct. 24, 2024
|
| Entity, Incorporation, State or Country Code |
DE
|
| Entity, File Number |
0-15057
|
| Entity, Tax Identification Number |
71-0633135
|
| Entity, Address, Address Line One |
297 West Henri De Tonti
|
| Entity, Address, City or Town |
Tontitown
|
| Entity, Address, State or Province |
AR
|
| Entity, Address, Postal Zip Code |
72770
|
| City Area Code |
479
|
| Local Phone Number |
361-9111
|
| Written Communications |
false
|
| Soliciting Material |
false
|
| Pre-commencement Tender Offer |
false
|
| Pre-commencement Issuer Tender Offer |
false
|
| Title of 12(b) Security |
Common Stock
|
| Trading Symbol |
PTSI
|
| Security Exchange Name |
NASDAQ
|
| Entity, Emerging Growth Company |
false
|
| Amendment Flag |
false
|
| Entity, Central Index Key |
0000798287
|
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|
| X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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|
| X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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dei_DocumentType |
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| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
| Name: |
dei_EntityAddressAddressLine1 |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- Definition
+ References
+ Details
| Name: |
dei_EntityAddressCityOrTown |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCode for the postal or zip code
| Name: |
dei_EntityAddressPostalZipCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the state or province.
| Name: |
dei_EntityAddressStateOrProvince |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:stateOrProvinceItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityCentralIndexKey |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:centralIndexKeyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionIndicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityEmergingGrowthCompany |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
| Name: |
dei_EntityFileNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:fileNumberItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
| Name: |
dei_EntityIncorporationStateCountryCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:edgarStateCountryItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityRegistrantName |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityTaxIdentificationNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:employerIdItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionLocal phone number for entity.
| Name: |
dei_LocalPhoneNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
| Name: |
dei_PreCommencementIssuerTenderOffer |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
| Name: |
dei_PreCommencementTenderOffer |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTitle of a 12(b) registered security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
| Name: |
dei_Security12bTitle |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:securityTitleItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the Exchange on which a security is registered. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
| Name: |
dei_SecurityExchangeName |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:edgarExchangeCodeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Section 14a
-Number 240
-Subsection 12
| Name: |
dei_SolicitingMaterial |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
| Name: |
dei_TradingSymbol |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:tradingSymbolItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
| Name: |
dei_WrittenCommunications |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
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P A M Transport Services (NASDAQ:PTSI)
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