<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>doc2.txt
<TEXT>

Exhibit 99.1

FROM:  P.A.M. TRANSPORTATION SERVICES, INC.
P.O. Box 188
Tontitown, AR  72770
Robert W. Weaver
(501) 361-9111

                      P.A.M. TRANSPORTATION SERVICES, INC.
                    ANNOUNCES RESULTS FOR THE THIRD QUARTER
                            ENDED SEPTEMBER 30, 2001

Tontitown, Arkansas, October  17, 2001    P.A.M.  Transportation  Services, Inc.
(NASDAQ:  PTSI)  today  reported  net  income of $2,001,586 or diluted and basic
earnings  per  share  of  $.23  for  the  quarter  ended September 30, 2001, and
$7,525,621  or  diluted  and basic earnings per share of $.88 for the nine month
period  then ended. These results compare to net income of $1,343,638 or diluted
and  basic  earnings  per  share  of  $.16,  and $6,291,710 or diluted and basic
earnings  per  share  of  $.74,  respectively, for the three and the nine months
ended  September  30,  2000.

Operating revenues of $53,662,065 were reported for the third quarter of 2001, a
13.9%  increase compared to $47,100,319 for the third quarter of 2000. Operating
revenues for the nine months ended September 30, 2001, were $169,529,997, a 9.9%
increase  compared to $154,281,518 for the nine months ended September 30, 2000.

Operating  income  for  the  quarter  ended  September  30,  2001 was $4,469,914
compared  to  operating  income of $3,351,214 for the prior years third quarter.
For  the  nine months ended September 30, 2001, operating income of $15,975,856,
compared  to  operating  income  of  $14,314,365  for  the  same period in 2000.

The  Company's  operating  ratios  for  the  three  and nine month periods ended
September  30, 2001 were 91.7% and 90.6%, respectively, as compared to 92.9% and
90.7%  for  the  three  and  nine  month  periods  ended  September  30,  2000.

Robert  W.  Weaver, President of the Company, commented, "I am extremely pleased
with our quarterly report. An increase of 43.8% in our earnings per share from a
13.9%  increase  in  revenue  for  the third quarter of 2001, as compared to the
third  quarter of 2000, is a tribute to the abilities and dedication of our hard
working  employees  in  this  time  of  adversity."

P.A.M. Transportation Services, Inc., is an irregular route, common and contract
motor  carrier  authorized  to  transport  general  commodities  throughout  the
continental  United  States  and  the  Canadian provinces of Ontario and Quebec,
pursuant  to  operating  authorities  granted  by the former Interstate Commerce
Commission,  various  state  and  regulatory  agencies  and  Canadian regulatory
agencies.

Certain  information  included  in  this  document  contains  "forward-looking
Statements"  within  the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements relate to expected future financial and
operating results, 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, general economic conditions, competition and other uncertainties
detailed  in  this report and detailed from time to time in other filings by the
Company  with  the  Securities  and  Exchange  Commission.


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