Proficient Auto Logistics, Inc. (NASDAQ:PAL) today announced that the Board of Directors (the "Board") of Proficient Auto Logistics, Inc. ("Proficient") appointed Brenda Frank ("Ms. Frank") to serve as a member of the Board. Ms. Frank currently is the Group Senior Vice President of Human Resources, Buying Offices, of Ross Stores, Inc. (NASDAQ:ROST) ("Ross Stores") where she leads a team of over 80 professionals. Ms. Frank has worked at Ross Stores since 2018. "Brenda's extensive leadership experience in human capital management and legal matters will bring a highly valued additional perspective to our board," said Rick O'Dell, Proficient's Chief Executive Officer. Prior to joining Ross St

Proficient Auto Logistics, Inc. (NASDAQ:PAL) today provided an update on certain expected operating and financial metrics for the third quarter of fiscal 2024. As noted during the Company's second quarter earnings call in early August, unit volumes slowed during June with the slowdown continuing into July. While there were specific events in July – such as seasonal plant closures during the first two weeks of the month – the Company also made note of its OEM customers' cautionary tone regarding their outlook for the second half of 2024. Weakness in unit volumes continued throughout the third quarter of 2024, resulting in estimated unit volumes of flat to a decline of 1% compared to combin

Announces New Acquistion to Close During the Third Quarter Proficient Auto Logistics, Inc. (NASDAQ:PAL) today reported its financial results for the three months ended June 30, 2024, for Proficient Auto Logistics, Inc. ("Proficient", or the "Company"), Proficient Auto Transport, Inc. ("Proficient Transport", or "Predecessor") and for the five Founding Companies on a combined basis. Second Quarter Highlights (all on a combined basis compared to second quarter 2023) Total Operating Revenue of $106.6 million, an increase of 5.8% Total Operating Income of $7.0 million, a decrease of 3.7% Adjusted Operating Income(1) of $8.73 million, an increase of 19.4% Adjusted

Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that the Company will issue its second quarter 2024 financial results on Friday, August 9, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BI90b130544470456896539b6157a2a187, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/x87snrdh. About Proficient Auto Logistics We a

Proficient Auto Logistics, Inc. (NASDAQ:PAL) today reported the financial results for the three months ended March 31, 2024 for Proficient Auto Logistics, Inc. ("Proficient"), Proficient Auto Transport, Inc. ("Proficient Transport") and for the five Founding Companies (as defined below) on a combined basis. On May 13, 2024, Proficient completed the initial public offering (the "IPO") of its common stock. Prior to the IPO, Proficient had entered into agreements to acquire in multiple, separate acquisitions (the "Combinations") five operating businesses and their respective affiliated entities, as applicable, operating under the following names: (i) Delta Auto Transport, Inc. ("Delta"), (ii

Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that the Company will issue its first quarter 2024 financial results on Tuesday, June 18, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BIdd40ce9adc75493abf9a39f9d270fb13, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/fh6ej9ww. About Proficient Auto Logistics We ar

As previously announced, in connection with its initial public offering ("IPO"), Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") granted the underwriters of its IPO a customary 30-day over-allotment option to buy up to an additional 2,149,999 shares of common stock from the Company at the IPO price, less underwriting discounts and commissions. The Company today announced the sale of 1,435,000 shares of its common stock pursuant to the partial exercise of the over-allotment option. The shares were sold at the initial public offering price of $15.00 per share for total gross proceeds of approximately $21.5 million, before deducting underwriting discounts and commissions and estim

Proficient Auto Logistics, Inc. (NASDAQ:PAL) today provided an update on certain expected operating and financial metrics for the third quarter of fiscal 2024. As noted during the Company's second quarter earnings call in early August, unit volumes slowed during June with the slowdown continuing into July. While there were specific events in July – such as seasonal plant closures during the first two weeks of the month – the Company also made note of its OEM customers' cautionary tone regarding their outlook for the second half of 2024. Weakness in unit volumes continued throughout the third quarter of 2024, resulting in estimated unit volumes of flat to a decline of 1% compared to combin

Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that the Company will issue its second quarter 2024 financial results on Friday, August 9, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BI90b130544470456896539b6157a2a187, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/x87snrdh. About Proficient Auto Logistics We a

Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that the Company will issue its first quarter 2024 financial results on Tuesday, June 18, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BIdd40ce9adc75493abf9a39f9d270fb13, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/fh6ej9ww. About Proficient Auto Logistics We ar

Barrington Research analyst Alexander Paris initiates coverage on Proficient Auto Logistics (NASDAQ:PAL) with a Outperform rating and announces Price Target of $22.

Proficient Auto Logistics (NASDAQ:PAL) reported quarterly losses of $(0.11) per share. The company reported $95.56 million in sales this quarter. This is a 6.63 percent decrease over sales of $102.34 million the same period last year.

William Blair analyst Ryan Merkel initiates coverage on Proficient Auto Logistics (NASDAQ:PAL) with a Outperform rating.

Stifel analyst J. Bruce Chan initiates coverage on Proficient Auto Logistics (NASDAQ:PAL) with a Buy rating and announces Price Target of $19.

Raymond James analyst Patrick Tyler Brown initiates coverage on Proficient Auto Logistics (NASDAQ:PAL) with a Outperform rating and announces Price Target of $18.