Meet a driver that works for PAM was told that they're not doing to good. Told me that all of their drivers are being forced to take a 5% pay cut. Was thinking about appying with this company because they use automatic transmissions. Anyone know of anything. Tnx, newbee. "P.A.M. Transportation Services, Inc. (NasdaqTSI) today reported net loss of $3,345,928 or diluted and basic loss per share of $0.36 for the quarter ended March 31, 2009. These results compare to net loss of $2,828,326 or diluted and basic loss per share of $0.29 for the quarter ended March 31, 2008. Operating revenues were $65,818,035 for the first quarter of 2009 compared to $105,820,696 for the first quarter of 2008." From GOOGLE
I got my start working for PAM Dedicated several years back. They haul primarily for the Auto Industry from Warren,OH to Laredo & El Paso, TX and points in between, I would imagine given the problems with GM that they aren't doing to well.
Does anyone believe that they will start doing better any time soon? Or how long will the pay cut last?
It's hard to say, most companies that thrived during the good yrs, are not doing so well as I hear.. You must keep a positive out look, and as time goes buy and things start to improve I'm sure Pam and the rest of these companies will rebound.
Hopefully the economy will improve and all the companies will start doing a lot better. That would be a good thing, especially if it happens soon.
The 5% cut is true. As for how I'm doing, seems like I get one decent check in three or four. There's been alot of 600 mile runs that deliver in three days. But on the bright side, their stock jumped 10% today. Hopefully it'll speed up the uncut.
Hopefully, and we are starting to see a few checks that are better so hopefully we'll see a lot better checks soon, and hopefully the pay cut won't last too long, especially since my dh just started not to long ago, so he wasn't even making as much to start with as drivers who have been there a while.
Why would anyone make a job decision based on the transmission type of their tractors?...Not being a wiseguy...just don't understand the logic
Work for Decker when first started. Not a bad company alot of east coast. But agree driving and automatic right out of school not a good choice. limts your choices later.
