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<SEC-DOCUMENT>0000798287-05-000027.txt : 20050729
<SEC-HEADER>0000798287-05-000027.hdr.sgml : 20050729
<ACCEPTANCE-DATETIME>20050728193738
ACCESSION NUMBER:		0000798287-05-000027
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050728
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050729
DATE AS OF CHANGE:		20050728

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAM TRANSPORTATION SERVICES INC
		CENTRAL INDEX KEY:			0000798287
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCKING (NO LOCAL) [4213]
		IRS NUMBER:				710633135
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15057
		FILM NUMBER:		05982511

	BUSINESS ADDRESS:	
		STREET 1:		297 WEST HENRI DE TONTI BLVD
		CITY:			TONTITOWN
		STATE:			AR
		ZIP:			72770
		BUSINESS PHONE:		4793619111

	MAIL ADDRESS:	
		STREET 1:		297 WEST HENRI DE TONTI BLVD
		CITY:			TONTITOWN
		STATE:			AR
		ZIP:			72770
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>doc1.txt
<DESCRIPTION>FORM 8-K FILED ON JULY 29, 2005
<TEXT>
                                  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)   July 28, 2005
                                                         ---------------

                     P.A.M. TRANSPORTATION SERVICES, INC.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)


          Delaware                      0-15057                 71-0633135
- ----------------------------         -------------         -------------------
(State or other jurisdiction          (Commission            (I.R.S. Employer
 of incorporation)                    File Number)          Identification no.)


               297 West Henri De Tonti, Tontitown, Arkansas 72770
               --------------------------------------------------
               (Address of principal executive offices) (Zip Code)

        Registrants 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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act(17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



<PAGE>

Item 2.02  Results of Operations and Financial Condition.
- --------------------------------------------------------------------------------
On  July  28,  2005,  P.A.M. Transportation Services, Inc. issued a news release
announcing its revenues and earnings for the second quarter ended June 30, 2005.
A  live  conference  call  will  be  held  to discuss the news release and other
matters  on  Friday,  July  29,  2005,  at 1:30 p.m. CDT. An audio replay of the
conference  call  will  be  posted  on  the company's web site one day 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. A copy of the news release is attached hereto as Exhibit 99.1.

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)  and the statements by
Company  representatives during the conference call 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.


Item 9.01  Financial Statements and Exhibits.
- --------------------------------------------------------------------------------
(c)   Exhibits. The following exhibits are furnished with this Report:

      99.1 News release issued by the Registrant on July 28, 2005

<PAGE>


                                   SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant has duly caused this Current report on Form 8-K to  be  signed on its
behalf by the undersigned hereunto duly authorized.


                                          P.A.M. TRANSPORTATION SERVICES, INC.



Dated: July 28, 2005                  By: /s/ Robert W. Weaver
                                          --------------------------------------
                                          Robert W. Weaver
                                          President and Chief Executive Officer

<PAGE>

                                 EXHIBIT INDEX

Exhibit
Number           Exhibit Description
- -------          ---------------------------------------------------------------

 99.1            News release issued by the Registrant on July 28, 2005


<PAGE>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>doc2.txt
<DESCRIPTION>EXHIBIT 99.1
<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 SECOND QUARTER
                             ENDED JUNE 30, 2005

Tontitown, Arkansas, July 28, 2005..........P.A.M. Transportation Services, Inc.
(NASDAQ:  PTSI)  today  reported  net  income of $3,679,592 or diluted and basic
earnings  per  share of $.33 for the quarter ended June 30, 2005, and $6,582,979
or  diluted  and  basic earnings per share of $.59 for the six month period then
ended.  These  results  compare to net income of $3,647,123 or diluted and basic
earnings  per  share  of  $.32, and $5,677,941 or diluted and basic earnings per
share  of  $.50, respectively, for the three and six months ended June 30, 2004.

Operating  revenues  excluding  fuel  surcharges were $83,321,440 for the second
quarter  of 2005, a 5.4% increase compared to $79,070,723 for the second quarter
of  2004. Operating revenues excluding fuel surcharges were $163,429,915 for the
six months ended June 30, 2005, a 4.3% increase compared to $156,744,158 for the
six months ended June 30, 2004.

Robert  W. Weaver, President of the Company, commented, "Results from our second
quarter  of 2005 showed modest improvement in earnings as compared to the second
quarter  of 2004. We achieved these results despite significant downtime at many
of  our  automotive  customers,  a  substantial driver pay increase, and overall
softness in the general truckload sector as reported by some of our competitors.
Revenue,  before  fuel  surcharge,  increased  5.4%. We feel our results for the
quarter  reflect  the  positive steps implemented to diversify our customer base
allowing  us  the  flexibility  to respond to varying demand from the automobile
industry. Projected downtime for the remainder of the year is currently expected
to  be  minimal.  Revenue  per  mile,  before  fuel  surcharges, showed a strong
increase  of 10% from $1.11 in the second quarter of 2004 to $1.23 in the second
quarter  of 2005. Although collections from fuel surcharges increased from 4.06%
of  revenues,  before fuel surcharges, in the second quarter of 2004 to 9.25% in
the  second quarter of 2005, the increased cost of fuel, net of fuel surcharges,
had the effect of reducing earnings per share by $.09 for the quarter."

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 Friday, July 29, 2005 at 1:30 p.m. CDT (Please
note that since the call will begin promptly at 1:30 p.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) 289-0552. Please ask to be joined to the P.A.M.
Transportation Services Second Quarter 2005 Earnings Release Conference call. An
audio replay of the conference call will be posted on the Company's web site one
day 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.

The  conference  may contain forward-looking statements made by the Company that
involve  risks,  assumptions  and  uncertainties  that are difficult to predict.
Investors  are  directed  to  the  information  contained in the forward-looking
statement paragraph below and in the Company's Annual Report on Form 10-K, filed
with  the U.S. Securities and Exchange Commission, for a discussion of the risks
that may affect the Company's operating results. Actual results may differ.

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.

<PAGE>

<TABLE>
<CAPTION>
P.A.M. Transportation Services, Inc.
and Subsidiaries
Key Financial and Operating Statistics
(unaudited)
                                            Quarter ended                 Six Months ended
                                               June 30,                       June 30,
                                         2005           2004            2005           2004
                                         ----           ----            ----           ----
<S>                                 <C>            <C>             <C>            <C>
Revenue, before fuel surcharge       $83,321,440    $79,070,723     $163,429,915   $156,744,158
Fuel surcharge                         7,705,844      3,212,797       13,789,161      5,660,135
                                     -----------    -----------     ------------   ------------
                                      91,027,284     82,283,520      177,219,076    162,404,293
Operating expenses:
 Salaries, wages and benefits         31,645,025     29,640,271       62,650,129     60,038,236
 Operating supplies                   25,114,276     18,587,354       47,767,691     36,965,003
 Rent/purchased transportation         9,423,929     10,010,054       19,255,572     19,772,306
 Depreciation/amortization             7,655,598      7,415,966       15,122,468     14,884,837
 Operating taxes and licenses          4,050,020      3,944,629        8,003,792      7,955,923
 Insurance and claims                  4,531,938      3,903,987        8,630,703      7,892,544
 Communications and utilities            642,738        658,091        1,341,828      1,365,676
 Other                                 1,359,208      1,555,050        2,667,249      2,903,855
 Loss on disposition of equipment         57,504         18,364           74,253        277,680
                                     -----------    -----------     ------------   ------------
Total operating expenses              84,480,236     75,733,766      165,513,685    152,056,060

Operating income                       6,547,048      6,549,754       11,705,391     10,348,233

Other income/(expense):
 Interest expense                       (365,881)      (348,276)        (619,723)      (698,520)
                                     -----------    -----------     ------------   ------------
Total other income/(expense)            (365,881)      (348,276)        (619,723)      (698,520)
                                     -----------    -----------     ------------   ------------
Income before income taxes             6,181,167      6,201,478       11,085,668      9,649,713
Provision for income taxes             2,501,575      2,554,355        4,502,689      3,971,772
                                     -----------    -----------     ------------   ------------
Net income                           $ 3,679,592    $ 3,647,123     $  6,582,979   $  5,677,941
                                     ===========    ===========     ============   ============
Diluted earnings per share               $0.33          $0.32            $.59           $.50
                                     ===========    ===========     ============   ============
Average shares o/s - Diluted          11,129,910     11,322,148       11,227,466     11,321,727
                                     ===========    ===========     ============   ============
</TABLE>

<TABLE>
<CAPTION>
                                            Quarter ended                 Six Months ended
                                               June 30,                       June 30,
Truckload Operations                     2005           2004            2005           2004
- --------------------                     ----           ----            ----           ----
<S>                                  <C>            <C>             <C>            <C>
Total miles                           59,929,150     61,235,656      117,448,781    122,364,021
Empty miles factor                          5.24%          4.95%            5.18%          4.85%
Revenue per total mile,
    before fuel surcharge                  $1.23          $1.11            $1.22          $1.11
Total loads                               79,272         82,180          157,107        164,880
Revenue per truck per work day              $620           $580             $616           $571
Average company trucks                     1,780          1,742            1,778          1,757
Average owner operator trucks                 70             94               72             96
</TABLE>

<TABLE>
<CAPTION>
                                            Quarter ended                 Six Months ended
                                               June 30,                       June 30,
Logistics Operations                     2005           2004            2005           2004
- --------------------                     ----           ----            ----           ----
<S>                                 <C>           <C>             <C>            <C>
Total revenue                        $9,887,573    $10,873,483     $19,915,673    $21,417,542
Operating income                       $508,649       $427,076        $945,107       $931,696
</TABLE>

<TABLE>
<CAPTION>
                                                As of
                                               June 30,
                                         2005           2004
                                         ----           ----
<S>                                <C>             <C>
Long-Term Debt to
 Book Capitalization                    12.52%         12.63%

Shareholders' Equity                $168,258,823    $162,872,903
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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