8 unchanged sentences
Cartage Carriers, LLC, Overdrive Leasing, LLC, Choctaw Express, LLC, Choctaw Brokerage, Inc., Transcend Logistics, Inc., Decker Transport Co., LLC, East Coast Transport and Logistics, LLC, S & L Logistics, Inc., P.A.M.
−Removed: International, Inc and P.A.M.
−Removed: Mexico Holdings LLC.
+Added: International, Inc., P.A.M.
+Added: Mexico Holdings LLC and PAMEX, LLC.
Our operating authorities are held by P.A.M.
99 unchanged sentences
Human Capital Resources
−Removed: At December 31, 2024, we employed 2,304 persons, of whom 1,520 were drivers, 292 were employed in maintenance, 236 were employed in operations, 68 were employed in marketing, 118 were employed in safety and personnel, and 70 were employed in general administration and accounting.
−Removed: A total of 2,286 of our employees were employed on a full-time basis as of December 31, 2024.
+Added: At December 31, 2025, we employed 2,365 persons, of whom 1,598 were drivers.
None of our employees are represented by a collective bargaining unit, and we believe that our employee relations are good.
6 unchanged sentences
At December 31, 2025, our lease-purchase program had 446 trucks available for use, with approximately 362 drivers participating in the program.
−Removed: Diversity and Inclusion.
−Removed: We believe diversity, equity, and inclusion are critical to our ability to win in the marketplace and enable our workforce and communities to succeed.
−Removed: Specifically, having a diverse and inclusive workplace allows us to attract and retain the best employees to deliver results for our shareholders.
−Removed: A qualified, diverse, and inclusive workforce also helps us represent the broad cross-section of ideas, values, and beliefs of our employees, customers, and communities.
−Removed: Our commitment to diversity and inclusion means that we will continue to strive to establish and improve an inclusive workplace environment where employees from all backgrounds can succeed and be heard.
Employee Health and Safety.
43 unchanged sentences
In December 2022, the EPA finalized an additional phase of standards which is intended to reduce nitrous oxide (NOx) emissions to 0.035 grams per horsepower-hour during normal operation, 0.05 grams at low load and 10.0 grams at idle for vehicles with model years 2027 and above.
−Removed: Compliance with these federal and state requirements has increased the cost of our equipment and may further increase the cost of replacement equipment in the future.
+Added: Although the Trump Administration recently revoked the legal basis for the EPA and NHTSA standards, compliance with these federal and state requirements has increased the cost of our equipment, and any enforcement of the EPA and NHTSA standards or implementation of similar standards by future federal administrations may further increase the cost of replacement equipment in the future.
The FMCSA Commercial Driver’s License (“CDL”) Drug and Alcohol Clearinghouse (“Clearinghouse”) became effective in January 2020.
13 unchanged sentences
If we should fail to comply with applicable regulations, we could be subject to substantial fines or penalties and to civil and criminal liability.
−Removed: As issues related to climate change become more prevalent, federal, state and local governments, as well as some of our customers, have made efforts to respond to these issues This increased focus on sustainability has prompted new legislation and regulation in California and in Europe, new regulations by the Securities and Exchange Commission that are currently under a stay pending legal challenges, and similar proposed legislation or regulations in other states, as well as various customer-imposed requirements.
+Added: As issues related to climate change become more prevalent, federal, state and local governments, as well as some of our customers, have made efforts to respond to these issues.
+Added: This increased focus on sustainability has prompted new legislation and regulation in California and in Europe, new regulations by the Securities and Exchange Commission (the “SEC”) that are currently under an indefinite stay pending legal challenges (although the SEC in 2025 voted to withdraw its defense of the rules and indicated they do not intend to review or reconsider the rules), and similar proposed legislation or regulations in other states, as well as various customer-imposed requirements.
Any of these efforts could negatively affect us as we may incur additional costs or be required to make changes to our operations in order to comply with any new regulations or customer requirements.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.