PAL Stock Declines

Proficient Auto Logistics (PAL) saw its stock fall 19 % to $5.95 following earnings. The decline reflected weak January‑February activity, with the CEO attributing losses to extended automotive plant shutdowns, softer auto sales, severe winter weather and a sluggish recovery of rail and sea transport pipelines. March revenue was only 2 % lower than a year earlier, and deliveries rose 1.5 % year‑on‑year, driven by an increase in company deliveries. Despite this, the operating ratio worsened to 103.4 % from 98.7 % YoY and 98.6 % sequentially, largely due to capacity tightening and a $1 million hit from fuel surcharges. Management projected Q2 revenue of $105 million to $110 million but the stock remains under pressure, having hit its 52‑week low earlier in the week.