Pamt Corp.

Pamt Corp. reported a net loss of $52.6 million for FY 2025, a significant deterioration from a net loss of $31.8 million in FY 2024. Operating revenues declined 16.3% year-over-year to $598.1 million, driven by a challenging freight market characterized by oversupply and downward rate pressure. The company generated positive operating cash flow of $17.3 million, primarily supported by non-cash adjustments including depreciation of $83.3 million and a deferred tax benefit of $18.9 million. Key challenges included a substantial increase in insurance and claims expense to $46.8 million, related to a $26.5 million auto-liability settlement, and elevated interest expense of $17.5 million due to higher debt levels and interest rates. The operating ratio for the combined motor carrier segment worsened significantly, indicating reduced efficiency.

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