For being in the midst of a severe economic recession, PAM Transport is one trucking company that’s holding it together. Even though the company reported a first quarter net loss greater than the same period last year, PAM’s operating loss for the first quarter of 2009 was reduced by about 9% compared to Q1 of 2008.
PAM Transport is continuing to focus on expense items, looking for opportunities to reduce or eliminate cost and ultimately decrease the impact of the weak freight environment on the company’s bottom line. An in light of all the troubles in the automotive industry, PAM Transport is identifying new business opportunities, trying to overcome an extremely competitive freight market. For a company whose major customers are facing the worst times, PAM Transport will have to succumb to many more changes to make sure they’re able to ride this storm out.