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<SEC-DOCUMENT>0000798287-06-000002.txt : 20060208
<SEC-HEADER>0000798287-06-000002.hdr.sgml : 20060208
<ACCEPTANCE-DATETIME>20060208132256
ACCESSION NUMBER:		0000798287-06-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060208
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060208
DATE AS OF CHANGE:		20060208

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:		06588134

	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 FEBRUARY 8, 2006
<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)   February 8, 2006
                                                          ----------------

                     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 (see General Instruction A.2. below):

[  ]  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  February 8, 2006, P.A.M. Transportation Services, Inc. issued a news release
announcing  its  revenues  and  earnings  for  the fourth quarter and year ended
December  31,  2005.  A  live  conference  call will be held to discuss the news
release  and  other matters on Thursday, February 9, 2006, at 10:00 a.m. CST. 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 February 8, 2006

<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: February 8, 2006                   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 February 8, 2006


<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 FOURTH QUARTER
                        AND YEAR ENDED DECEMBER 31, 2005

Tontitown,  Arkansas, February 8, 2006......P.A.M. Transportation Services, Inc.
(NASDAQ:  PTSI)  today  reported  net  income of $4,342,650 or diluted and basic
earnings  per  share  of  $.41  for  the  quarter  ended  December 31, 2005, and
$13,138,719  or diluted and basic earnings per share of $1.20 for the year ended
December 31, 2005.  These results compare to net income of $1,762,177 or diluted
and  basic  earnings  per  share  of  $.16, and $10,587,907 or diluted and basic
earnings  per  share  of  $.94,  respectively,  for  the  quarter and year ended
December 31, 2004.

Operating  revenues  excluding  fuel  surcharges were $83,861,479 for the fourth
quarter  of 2005, a 8.2% increase compared to $77,508,358 for the fourth quarter
of  2004.  Operating  revenues  excluding  fuel  surcharges  for  the year ended
December  31,  2005  were $326,353,129, a 5.5% increase compared to $309,474,540
for the year ended December 31, 2004.

Robert W. Weaver, President of the Company, commented, "We are encouraged by the
results  of  our  operations during the fourth quarter ending December 31, 2005.
Our  net  income  increased  146%  from  $1,762,177 for the fourth quarter ended
December  31,  2004  to  $4,342,650  for  the  quarter  ended December 31, 2005.
Earnings  per  share  increased  156%  from  $.16  for  the fourth quarter ended
December 31, 2004 to $.41 for the quarter ended December 31, 2005.

Additionally  we had success in raising our rates by 14% from an average rate of
$1.18  per  mile during the fourth quarter ended December 31, 2004 to an average
rate of $1.35 during the quarter ended December 31, 2005.

Although  we  are pleased with these results we know we still have work to do to
reduce  our  operating ratio and to continue to increase our revenues and bottom
line  profitability.  We believe that we have the mechanisms in place to achieve
these initiatives."

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 Thursday, February 9, 2006 at 10:00 a.m. CST
(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 call
telephonically  by dialing (800) 231-9012. Please ask to be joined to the P.A.M.
Transportation  Services Fourth Quarter and Year End 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                   Year ended
                                             December 31,                   December 31,
                                         2005           2004            2005           2004
                                         ----           ----            ----           ----
<S>                                 <C>            <C>             <C>            <C>
Revenue, before fuel surcharge       $83,861,479    $77,508,358     $326,353,129   $309,474,540
Fuel surcharge                        11,316,113      6,073,895       34,527,442     15,591,525
                                     -----------    -----------     ------------   ------------
                                      95,177,592     83,582,253      360,880,571    325,066,065
Operating expenses:
 Salaries, wages and benefits         29,363,456     31,420,978      122,004,839    119,518,979
 Operating supplies                   28,774,954     21,367,808      104,132,109     77,363,116
 Rent/purchased transportation        10,323,255      9,661,546       39,073,665     38,938,357
 Depreciation/amortization             8,591,259      7,482,241       31,375,935     30,016,380
 Operating taxes and licenses          3,865,170      3,823,854       15,776,132     15,488,051
 Insurance and claims                  3,777,270      4,078,880       15,992,066     15,819,670
 Communications and utilities            668,381        684,855        2,648,378      2,689,893
 Other                                 1,840,171      1,482,296        6,205,003      5,130,844
 Loss on disposition of equipment        166,427        331,263          146,513        915,102
                                     -----------    -----------     ------------   ------------
Total operating expenses              87,370,343     80,333,721      337,354,640    305,880,392

Operating income                       7,807,249      3,248,532       23,525,931     19,185,673

Other income/(expense):
 Interest expense                       (517,036)      (289,721)      (1,404,107)    (1,293,759)
                                     -----------    -----------     ------------   ------------
Total other income/(expense)            (517,036)      (289,721)      (1,404,107)    (1,293,759)
                                     -----------    -----------     ------------   ------------
Income before income taxes             7,290,213      2,958,811       22,121,824     17,891,914
Provision for income taxes             2,947,563      1,196,634        8,983,105      7,304,007
                                     -----------    -----------     ------------   ------------
Net income                           $ 4,342,650    $ 1,762,177     $ 13,138,719   $ 10,587,907
                                     ===========    ===========     ============   ============
Diluted earnings per share              $0.41          $0.16            $1.20          $0.94
                                     ===========    ===========     ============   ============
Average shares o/s - Diluted          10,636,062     11,327,182       10,975,948     11,323,696
                                     ===========    ===========     ============   ============
</TABLE>
<TABLE>
<CAPTION>
                                            Quarter ended                   Year ended
                                             December 31,                   December 31,
Truckload Operations                     2005           2004            2005           2004
- --------------------                     ----           ----            ----           ----
<S>                                  <C>            <C>            <C>            <C>
Total miles                           54,840,590     56,936,914     228,623,528    235,894,314
Empty miles factor                          5.79%          4.70%           5.46%          4.74%
Revenue per total mile,
    before fuel surcharge                  $1.35          $1.18           $1.26          $1.13
Total loads                               71,955         75,794         303,476        315,633
Revenue per truck per work day              $746           $648            $651           $591
Average company trucks                     1,724          1,766           1,757          1,762
Average owner operator trucks                 53             86              66             93

</TABLE>
<TABLE>
<CAPTION>
                                            Quarter ended                   Year ended
                                             December 31,                   December 31,
Logistics Operations                     2005           2004            2005           2004
- --------------------                     ----           ----            ----           ----
<S>                                  <C>           <C>             <C>            <C>
Total revenue                         $9,671,817    $10,252,275     $39,212,838    $41,966,665
Operating income                         $47,701       $408,606      $1,445,451     $1,817,197

</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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