-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HaWnxiu7klehPMiEFF/JfVqEpgbLcM24vk9TznEf6pDvTBbgmixios3UGy+KAY/r
 YnfoLpm6o8rV+SEmmmLj8Q==

<SEC-DOCUMENT>0000798287-05-000033.txt : 20051028
<SEC-HEADER>0000798287-05-000033.hdr.sgml : 20051028
<ACCEPTANCE-DATETIME>20051027181556
ACCESSION NUMBER:		0000798287-05-000033
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051027
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051028
DATE AS OF CHANGE:		20051027

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:		051161013

	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 OCTOBER 28, 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)   October 27, 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  October 27, 2005, P.A.M. Transportation Services, Inc. issued a news release
announcing  its  revenues and earnings for the third quarter ended September 30,
2005.  A live conference call will be held to discuss the news release and other
matters  on  Friday, October 28, 2005, at 10:00 a.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 October 27, 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: October 27, 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 October 27, 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 THIRD QUARTER
                           ENDED SEPTEMBER 30, 2005

Tontitown,  Arkansas,  October 27, 2005...P.A.M.  Transportation  Services, Inc.
(NASDAQ:  PTSI)  today  reported  net  income of $2,213,089 or diluted and basic
earnings  per  share  of  $.20  for  the  quarter  ended September 30, 2005, and
$8,796,068  or  diluted  and basic earnings per share of $.79 for the nine month
period  then ended. These results compare to net income of $3,147,789 or diluted
and  basic  earnings  per  share  of  $.28,  and $8,825,729 or diluted and basic
earnings  per  share  of $.78, respectively, for the three and nine months ended
September 30, 2004.

Operating  revenues  excluding  fuel  surcharges  were $79,061,734 for the third
quarter  of  2005, a 5.1% increase compared to $75,222,024 for the third quarter
of  2004. Operating revenues excluding fuel surcharges were $242,491,649 for the
nine  months  ended September 30, 2005, a 4.5% increase compared to $231,966,182
for the nine months ended September 30, 2004.

Robert W. Weaver, President of the Company, commented, "I was very encouraged by
the  results  posted  for  both  August  and  September.  Unfortunately,  these
favorable months were not enough to completely overcome the typical July revenue
reduction that results each year when certain of the Company's largest customers
schedule plant shutdowns.

The  increased  cost  of  fuel, net of fuel surcharge reduced earnings per share
$.14  and  was  the  single largest factor that adversely affected earnings when
comparing  the  third  quarter  of 2005 to the third quarter of 2004.  While the
Company  strives  to  immediately  cover  fuel cost increases, we continue to be
temporarily  exposed to additional expense during times of upside volatility due
to  the  lag  between  increases  in fuel price and increases in fuel surcharge.
During  the  quarter  the  Company  aggressively  sought  to  modify  surcharge
agreements  with  customers  to  eliminate  as much of this lag as possible.  In
addition  we  were successful in continuing improvement in freight rates on many
key traffic lanes.  These rate increases resulted in a $.08 per mile improvement
in  rate  per  mile  before fuel surcharges. We attribute a large portion of the
improved results in August and September to successes achieved in these areas.

Additional factors that should be considered when comparing the third quarter of
2005  to  the  third  quarter of 2004 include the three cent per mile driver pay
increase  implemented  in  October  2004,  and  the  favorable  disposition of a
preferential  transfer  suit  that resulted in a pre-tax increase to earnings of
$635,000, or three cents per share net of tax, during the third quarter of 2004.

Overall I am more satisfied with the state of our operations at end of the third
quarter 2005, particularly when viewed in the context of a year to year increase
of  $.68  in  the  average  cost of diesel fuel, before fuel surcharges, for the
third  quarter.  We continue to experience good demand for our services, and are
optimistic  that the successes achieved during the third quarter will contribute
to our efforts to attain favorable fourth quarter results."

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, October 28, 2005 at 10:00 a.m. CDT
(Please  note  that since the call will begin promptly at 10:00 a.m., you should
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)231-9012. Please ask to be joined to the P.A.M.
Transportation  Services Third 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                Nine Months ended
                                            September 30,                  September 30,
                                         2005           2004            2005           2004
                                         ----           ----            ----           ----
<S>                                 <C>            <C>             <C>            <C>
Revenue, before fuel surcharge       $79,061,734    $75,222,024     $242,491,649   $231,966,182
Fuel surcharge                         9,422,167      3,857,495       23,211,328      9,517,630
                                     -----------    -----------     ------------   ------------
                                      88,483,901     79,079,519      265,702,977    241,483,812
Operating expenses:
 Salaries, wages and benefits         29,991,254     28,059,765       92,641,383     88,098,001
 Operating supplies                   27,589,464     19,030,304       75,357,155     55,995,307
 Rent/purchased transportation         9,494,838      9,504,505       28,750,410     29,276,811
 Depreciation/amortization             7,662,207      7,649,302       22,784,675     22,534,139
 Operating taxes and licenses          3,907,169      3,708,274       11,910,961     11,664,198
 Insurance and claims                  3,584,093      3,848,246       12,214,796     11,740,790
 Communications and utilities            638,169        639,362        1,979,997      2,005,038
 Other                                 1,697,583        744,693        4,364,832      3,648,548
 (Gain)/loss on disposition
    of equipment                         (94,167)       306,159          (19,914)       583,839
                                     -----------    -----------     ------------   ------------
Total operating expenses              84,470,610     73,490,610      249,984,295    225,546,671

Operating income                       4,013,291      5,588,909       15,718,682     15,937,141

Other  income/(expense):
 Interest expense                       (267,348)      (305,518)        (887,071)    (1,004,038)
                                     -----------    -----------     ------------   ------------
Total other income/(expense)            (267,348)      (305,518)        (887,071)    (1,004,038)
                                     -----------    -----------     ------------   ------------
Income before income taxes             3,745,943      5,283,391       14,831,611     14,933,103
Provision for income taxes             1,532,854      2,135,602        6,035,543      6,107,374
                                     -----------    -----------     ------------   ------------
Net income                           $ 2,213,089    $ 3,147,789     $  8,796,068   $  8,825,729
                                     ===========    ===========     ============   ============
Diluted earnings per share                 $0.20          $0.28             $.79           $.78
                                     ===========    ===========     ============   ============
Average shares o/s - Diluted          10,821,065     11,324,094       11,090,483     11,322,508
                                     ===========    ===========     ============   ============
</TABLE>
<TABLE>
<CAPTION>
                                            Quarter ended                Nine Months ended
                                            September 30,                  September 30,
Truckload Operations                     2005           2004            2005           2004
- --------------------                     ----           ----            ----           ----
<S>                                  <C>            <C>             <C>            <C>
Total miles                           56,334,157     56,593,379      173,782,938    178,957,400
Empty miles factor                          5.70%          4.53%            5.35%          4.75%
Revenue per total mile,
    before fuel surcharge                  $1.23          $1.15            $1.23          $1.12
Total loads                               74,414         74,959          231,521        239,839
Revenue per truck per work day              $641           $581             $624           $574
Average company trucks                     1,743          1,770            1,766          1,761
Average owner operator trucks                 65             92               70             95

</TABLE>

<TABLE>
<CAPTION>
                                            Quarter ended                Nine Months ended
                                            September 30,                  September 30,
Logistics Operations                     2005           2004            2005           2004
- --------------------                     ----           ----            ----           ----
<S>                                 <C>           <C>             <C>            <C>
Total revenue                        $9,912,947    $10,464,673     $30,261,699    $32,118,942
Operating income                       $452,643       $476,895      $1,397,750     $1,408,591
</TABLE>

<TABLE>
<CAPTION>
                                                As of
                                            September 30,
                                         2005           2004
                                         ----           ----
<S>                                <C>             <C>
Long-Term Debt to
 Book Capitalization                    12.46%         12.24%

Shareholders' Equity                $168,133,940    $166,157,604
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
