PAM TRANSPORTATION SERVICES INC
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
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Item 2. Properties
Our executive offices and primary terminal facilities, which we own, are located in Tontitown, Arkansas. These facilities are located on approximately 54.9 acres and consist of 113,249 square feet of office space and maintenance and storage facilities.
Our subsidiaries lease facilities in Fort Wayne and Indianapolis, Indiana; Romulus, Michigan; Charlotte, North Carolina; and Monterrey, Mexico. Our terminal facilities in North Little Rock, Arkansas; North Jackson, Ohio; Willard, Ohio; Bloomsburg, Pennsylvania; Bolingbrook, Illinois; and Irving and Laredo, Texas are owned. The leased facilities are leased primarily on contractual terms typically ranging from one to five years and have provisions for early cancellation if we so choose. As of December 31, 2023, the following table provides a summary of the ownership and types of activities conducted at each location:
| Location | Own/ Lease | Dispatch Office | Maintenance Facility | Safety Training |
|---|---|---|---|---|
| Tontitown, Arkansas | Own | Yes | Yes | Yes |
| Bloomsburg, Pennsylvania | Own | Yes | Yes | Yes |
| Bolingbrook, Illinois | Own | Yes | No | No |
| North Little Rock, Arkansas | Own | Yes | Yes | Yes |
| Indianapolis, Indiana | Lease | No | Yes | No |
| Romulus, Michigan | Lease | No | Yes | No |
| North Jackson, Ohio | Own | Yes | Yes | Yes |
| Willard, Ohio | Own | Yes | Yes | No |
| Irving, Texas | Own | Yes | Yes | Yes |
| Laredo, Texas | Own | Yes | Yes | Yes |
| Monterrey, Mexico | Lease | Yes | No | No |
| Fort Wayne, Indiana | Lease | Yes | Yes | No |
| Charlotte, North Carolina | Lease | No | Yes | No |
We also have access to trailer drop and relay stations in various other locations across the country. We lease certain of these facilities on a month-to-month basis from affiliates of our largest stockholder.
We believe that all of the properties that we own or lease are suitable for their purposes and adequate to meet our needs.
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