TONTITOWN, Ark., July 13, 2009 (GLOBE NEWSWIRE) -- P.A.M. Transportation Services, Inc. (PTSI) (Nasdaq:PTSI) is pleased to announce the arrival of Daniel H. Cushman to the PTSI family. Mr. Cushman has been appointed the new President of PTSI and will begin work on July 13, 2009. Mr. Cushman brings with him many years of successful experience in all facets of the transportation industry. Mr. Cushman brings a wealth of knowledge from holding prestigious positions at companies such as Roadway Express, Triple Crown Services, Werner Enterprises and most recently CRST.
P.A.M. Transportation Services Inc. would like to thank Robert Weaver for his many years of service, leadership and success in a highly competitive industry. As Mr. Weaver's contract concludes this month and his term as President ends, he has agreed to consult with PTSI and assist in an orderly transition as PTSI pursues its strategic growth plan. The result for PTSI is a win-win situation for our company and our customers.
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.
The P.A.M. Transportation Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5148
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, included 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.