P.A.M. Says Earnings

Down, Revenue UpTONTITOWN, Ark. - P.A.M. Transportation Services Inc. reported a first quarter loss of $402,721 compared with a year-earlier profit of $975,881, or 20 cents a share.

Revenue for the full truckload motor carrier rose to $18.5 million from $13.9 million.

The company attributed the first quarter loss to a shortage of drivers, increased driver costs and higher fuel expenses. The trucking company also cited a severe winter storm that disrupted operations.

Expeditors Reports

22 percent Rise in Earnings

SEATTLE - Expeditors International of Washington Inc. reported net earnings rose 22 percent to $1.3 million, or 23 cents a share, on revenue of $31.7 million for the first quarter.

In the first quarter of 1987, the company recorded earnings of $1.1 million, or 19 cents a share, on revenue of $30.7 million.

Expeditors International is an international freight forwarder and customhouse broker.

Northern Air Reports

Sharp Earnings Drop

SEATTLE - Northern Air Freight Inc. earned $36,642, or 2 cents a share, in the first quarter, compared with $192,553, or 10 cents a share, in the 1987 first quarter.

Revenue in the period increased 23 percent to $19.1 million from $15.5 million a year earlier, the company said.

Earnings were eroded by airline cargo rate increases in the international market and by intensified price competition in the United States, the company said. Northern Air said it is responding by increasing prices where possible and reducing costs as necessary.