<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>doc2.txt
<TEXT>

Exhibit 99.1

FROM:  P.A.M. TRANSPORTATION SERVICES, INC.
P.O. BOX 188
Tontitown, AR  72770
Robert W. Weaver
(479) 361-9111

                        P.A.M. TRANSPORTATION SERVICES, INC.
                      ANNOUNCES RESULTS FOR THE FIRST QUARTER
                               ENDED MARCH 31, 2004


Tontitown,  Arkansas,  April  27,  2004  P.A.M.  Transportation  Services,  Inc.
(NASDAQ:  PTSI)  today  reported  net  income of $2,030,817 or diluted and basic
earnings  per share of $.18 for the quarter ended March 31, 2004 compared to net
income  of  $2,817,568  or  diluted and basic earnings per share of $.25 for the
quarter  ended  March  31,  2003.  Revenues of $77,673,436 were reported for the
first  quarter  of  2004, a 10.7% increase compared to $70,138,910 for the first
quarter of 2003.

Robert  W.  Weaver,  President of the Company, commented, "Earnings results fell
short in year over year comparison but improvement in quarter to quarter results
continue.  A  large  share  of the 10.7% increase in revenue is derived from the
truck  side  even  though  utilization  was  hampered at times by severe weather
conditions.

The continuing escalation of fuel prices coupled with higher equipment costs had
a  significant impact on the quarterly results. Costs incurred in preparation of
equipment  for trade remained high but the number of trade units have decreased.

We  have  realized  a  $.02 per truckload mile increase from $1.08 in the fourth
quarter 2003 to $1.10 for the first quarter 2004. While we are pleased with this
progress rate increases continue to be a main focus and are a work in progress."

P.A.M. Transportation Services, Inc. will be holding a live conference call with
certain  financial  analysts  to  discuss  the  earnings release, the results of
operations,  and  other  matters  on Wednesday, April 28, 2004 at 10:00 a.m. CDT
(Please  note  that  since  the call will begin promptly at 10:00 a.m., you will
need to join at least ten minutes prior to that time.)

The  public  will  be  able  to  listen  and  participate  in  the  conference
telephonically  by dialing (800) 838-4403. Please ask to be joined to the P.A.M.
Transportation  Services First Quarter 2004 Earnings Release Conference call. An
audio  replay  of  the  conference call will be posted on the Company's web site
after the meeting (www.pamt.com/investing/audio.html). In order to listen to the
replay,  you will need a PC that is internet enabled and capable of playing back
MP3 audio files. The Company assumes no responsibility to update any information
posted on its Web site.

P.A.M.  Transportation  Services,  Inc.,  is a leading truckload dry van carrier
transporting  general  commodities  throughout the continental United States, as
well  as  in  the  Canadian  provinces  of Ontario and Quebec.  The Company also
provides transportation services in Mexico through its gateways in Laredo and El
Paso, Texas under agreements with Mexican carriers.

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  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; recessionary economic
cycles  and  downturns  in  customers'  business  cycles;  increases  or  rapid
fluctuations  in  fuel  prices,  interest  rates, fuel taxes, tolls, license and
registration  fees;  the  resale  value  of the Company's used equipment and the
price  of  new  equipment;  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; unanticipated 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;  a significant reduction in or termination of the Company's trucking
service  by  a key customer; and other factors, including risk factors, referred
to  from  time  to  time  in filings made by the Company with the Securities and
Exchange  Commission.  The Company undertakes no obligation to update or clarify
forward-looking  statements,  whether  as  a  result  of new information, future
events or otherwise.


P.A.M. Transportation Services, Inc.
and Subsidiaries
Key Financial and Operating Statistics
(unaudited)
                                            Quarter ended
                                               March 31,
                                         2004           2003
                                         ----           ----
Operating revenues                   $77,673,436    $70,138,910
                                     -----------    -----------
Operating expenses:
 Salaries, wages and benefits         30,397,965     29,282,223
 Operating supplies                   15,930,311     14,159,408
 Rent/purchased transportation         9,762,252      7,027,123
 Depreciation/amortization             7,468,871      6,054,864
 Operating taxes and licenses          4,011,295      3,534,710
 Insurance and claims                  3,988,557      3,488,548
 Communications and utilities            707,586        601,274
 Other                                 1,348,805      1,013,294
 Loss on disposition of equipment        259,317         23,945
                                     -----------    -----------
Total operating expenses              73,874,959     65,185,389

Operating income                       3,798,477      4,953,521

Other income/(expense):
 Interest expense                       (350,243)      (257,575)
                                     -----------    -----------
Total other income/(expense)            (350,243)      (257,575)
                                     -----------    -----------
Income before income taxes             3,448,234      4,695,946
Provision for income taxes             1,417,417      1,878,378
                                     -----------    -----------
Net income                           $ 2,030,817    $ 2,817,568
                                     ===========    ===========
Diluted earnings per share              $0.18          $0.25
                                     ===========    ===========
Average shares o/s - Diluted          11,321,279     11,338,463
                                     ===========    ===========

                                            Quarter ended
                                               March 31,
Truckload Operations                     2004           2003
--------------------                     ----           ----
Total miles                           61,128,365     57,222,797
Empty miles factor                          4.75%          3.93%
Revenue per total mile                     $1.10          $1.09
Total loads                               82,700         77,376
Revenue per truck per work day              $561           $563
Average company trucks                     1,773          1,628
Average owner operator trucks                 99            129


                                            Quarter ended
                                               March 31,
Logistics Operations                     2004           2003
--------------------                     ----           ----
Total revenue                        $10,544,059    $ 7,761,237
Operating income                        $544,455       $347,779


                                            Quarter ended
                                               March 31,
                                         2004           2003
                                         ----           ----
Long-Term Debt to
 Book Capitalization                    14.29%         15.22%

Shareholders' Equity                 $158,916,392   $147,254,452


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