Core Insights - Proficient Auto Logistics (PAL) has been awarded the 2025 Quality Award for Finished Vehicle Logistics in the truck category by Toyota Logistics Services (TLS) [1][2] - The award highlights PAL's commitment to quality service, adaptability, and high service standards in a challenging automotive market [2][3] - PAL specializes in finished vehicle transport, providing reliable and flexible auto logistics solutions across North America [3][4] Company Overview - Proficient Auto Logistics is a leading specialized freight company focused on auto transportation and logistics services [4] - The company operates one of the largest auto transportation fleets in North America, formed by the combination of seven industry-leading operating companies since its IPO in 2024 [4] - PAL's services primarily involve transporting finished vehicles from production facilities, marine ports, or regional rail yards to dealerships nationwide [4]

Group 1 - The investigation by Pomerantz LLP focuses on potential securities fraud or unlawful business practices by Proficient Auto Logistics, Inc. and its officers or directors [1] - Proficient Auto reported a 0.4% year-over-year decrease in total operating revenue to $95.2 million for the first quarter ended March 31, 2025, along with a total operating loss of $2.4 million [3] - Following the financial results announcement, Proficient Auto's stock price dropped by $0.40 per share, or 4.93%, closing at $7.72 per share on May 8, 2025 [3] Group 2 - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of fighting for victims of securities fraud and corporate misconduct [4] - The firm has a legacy of recovering multimillion-dollar damages awards for class members over its 80-year history [4]

Company Announcements - Proficient Auto Logistics, Inc. will participate in the William Blair Growth Stock Conference on June 4, 2025, with key executives attending [1] - An investor conference call is scheduled for August 11, 2025, at 5:00 p.m. EDT to discuss financial results for the three months ended June 30, 2025, with a press release to be issued at approximately 4:00 p.m. EDT on the same day [2] Company Overview - Proficient Auto Logistics is a leading specialized freight company focused on auto transportation and logistics services, operating one of the largest auto transportation fleets in North America [3]

Group 1 - Robbins LLP is investigating Proficient Auto Logistics, Inc. for potential violations of securities laws and breaches of fiduciary duties by its officers and directors [1] - Proficient Auto Logistics specializes in auto transportation and logistics services in North America [1] - Shareholders who have incurred losses in their investment in Proficient Auto Logistics are encouraged to seek information about their rights [2] Group 2 - Robbins LLP operates on a contingency fee basis, meaning shareholders do not pay fees or expenses unless they recover losses [3] - Since its inception in 2002, Robbins LLP has recovered over $1 billion for shareholders [3]

Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Proficient Auto Logistics, Inc., focusing on possible false or misleading statements made by the company and its executives [1]. Company Overview - Proficient Auto is a specialized freight company that provides auto transportation and logistics services [2]. Financial Performance - On May 7, 2025, Proficient Auto announced its financial results for the first quarter ended March 31, 2025, reporting a 0.4% year-over-year decrease in total operating revenue to $95.2 million and a total operating loss of $2.4 million during the quarter [3].

Core Viewpoint - Robbins LLP is investigating Proficient Auto Logistics, Inc. for potential violations of securities laws and breaches of fiduciary duties by its officers and directors [1]. Group 1: Company Overview - Proficient Auto Logistics, Inc. operates in the auto transportation and logistics services sector in North America [1]. Group 2: Legal Investigation - The investigation by Robbins LLP aims to determine if there have been any breaches of fiduciary duties to shareholders by the company's executives [1]. - Shareholders who have incurred losses in their investments are encouraged to contact Robbins LLP for more information regarding their rights [2]. Group 3: Robbins LLP Background - Robbins LLP has been active in shareholder rights litigation since 2002, focusing on helping shareholders recover losses and improve corporate governance [3]. - The firm has successfully obtained over $1 billion for shareholders since its inception [3].

SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether Proficient Auto Logistics, Inc. (NASDAQ: PAL) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased PAL securities? If you purchased securities and suffered losses ...

Financial Performance - Proficient's total operating revenue for the three months ended March 31, 2025, was $95,206,021, a significant increase from $27,826,592 for the same period in 2024[17] - The net loss for Proficient for the three months ended March 31, 2025, was $3,191,685, compared to a net income of $1,184,632 for the same period in 2024[17] - Proficient's operating loss for the three months ended March 31, 2025, was $(2,362,506), compared to an operating income of $2,025,900 for the same period in 2024[17] - The company reported a loss per share of $(0.12) for the three months ended March 31, 2025[17] - For the three months ended March 31, 2025, the net loss was $3,191,685 compared to a net income of $1,184,632 for the same period in 2024[24] - Total operating revenue for the three months ended March 31, 2025, was $95,206,000, a decrease of 6.1% from $102,345,000 in the same period of 2024[63] - The company reported a total operating loss of $2,363,000 for the three months ended March 31, 2025, compared to an operating income of $6,062,000 in the prior year[63] Cash and Assets - Cash and cash equivalents decreased to $10,910,825 as of March 31, 2025, down from $15,398,714 as of December 31, 2024[15] - Accounts receivable increased to $47,161,777 as of March 31, 2025, compared to $37,394,656 as of December 31, 2024[15] - Total current assets rose to $69,269,300 as of March 31, 2025, from $67,687,442 as of December 31, 2024[15] - Cash flows provided by operating activities were $1,633,024, a significant increase from a cash outflow of $382,135 in the prior year[24] - Cash and cash equivalents at the end of the period were $10,910,825, down from $15,398,714 at the beginning of the period[24] - The company reported cash paid for interest was $1,558,106 during the period, highlighting its financing costs[24] Liabilities and Debt - Total liabilities decreased slightly to $169,300,048 as of March 31, 2025, from $170,107,421 as of December 31, 2024[15] - Total long-term debt decreased to $52,953,684 as of March 31, 2025, from $56,336,911 at the end of 2024[73] - The company had $8,000,000 outstanding on its revolving line of credit as of March 31, 2025, with $12,000,000 available to be drawn[72] - Future maturities of long-term debt for the year ending December 31, 2025, are projected to be $14,516,189[74] Acquisitions and Growth Strategy - The company completed its IPO on May 13, 2024, and acquired five operating businesses as part of its growth strategy[29] - Subsequent to the IPO, the company acquired Auto Transport Group for approximately $28.9 million and Utah Truck & Trailer Repair for $4.5 million, expanding its geographic presence[30] - Proficient Auto Logistics, Inc. completed the acquisition of five operating businesses, including Delta, Deluxe, Sierra, Proficient Transport, and Tribeca, on May 13, 2024, concurrent with its IPO[48] - The total purchase price for all acquisitions recognized was $289,275,386, with cash consideration of $183,448,307 and stock consideration of $102,731,965[58] - The acquisition of Auto Transport Group resulted in a total purchase price of $49,480,431, with cash consideration of $28,938,295 and stock consideration of $20,542,136[59] - The company is focused on expanding its market presence through strategic acquisitions and enhancing operational capabilities[48] Goodwill and Intangible Assets - The acquisition of Delta resulted in recognized goodwill of $27,558,000[50] - The acquisition of Deluxe resulted in recognized goodwill of $34,555,987[52] - The acquisition of Proficient Transport resulted in recognized goodwill of $58,332,452[53] - Goodwill from the acquisitions totaled $141,946,652, primarily due to expected synergies and workforce value[58] - The total balance of goodwill increased to $170,900,127 from $169,056,675 as of December 31, 2024, reflecting adjustments of $1,843,452[64] - The company recognized intangible assets totaling $114,900,000 across various acquisitions, including customer relationships and trade names[58] Operational Segments - The company’s CODM includes the CEO, CFO, and COO, who evaluate performance based on operational results from services provided by Company Drivers and Subhaulers[44] - The company’s operating segments include Drivers and Subhaulers, with the latter focusing on an asset-light model for transportation services[93] - For the three months ended March 31, 2025, total revenue was $95,206,021, with segment revenue from Drivers at $32,674,418 and Subhaulers at $62,531,603[94] Legal and Compliance Matters - Sierra Mountain Group, Inc. reached a settlement agreement for approximately $4,000,000 related to the misclassification of independent contractors, with final approval for $3,947,725 granted by the court[104] - Deluxe Auto Carriers, Inc. is evaluating a class action claim regarding unpaid meal and rest periods, with potential liabilities included in accrued liabilities as of December 31, 2024[105] - Deluxe Auto Carriers, Inc. was delinquent in its filings with the Department of Labor for Retirement Plan Information Returns from 2019 to 2022, but all filings were completed by December 31, 2024[106]

Core Insights - Proficient Auto Logistics (PAL) celebrates its one-year anniversary, highlighting strategic growth and operational alignment in the auto logistics sector [1][2] - The company has expanded its network by adding two additional carriers, enhancing its market presence and service offerings [2] - PAL has delivered nearly two million vehicles and logged over 300 million miles in its first year, establishing itself as one of the top two auto logistics companies in the U.S. [4][5] Company Mission and Vision - The mission of PAL is to create long-term value and meaningful connections for customers, employees, and shareholders through safe and reliable auto logistics [3] - The vision emphasizes being a trusted leader in auto logistics, driven by people and innovation, aiming to create new horizons together [4] Operational Achievements - PAL has made significant advancements in system integration, safety standardization, and regional operational capabilities, laying a strong foundation for service excellence [5] - The company focuses on critical connections with customers, drivers, and stakeholders to fulfill its mission and vision [5] Future Outlook - The anniversary theme, "Mile Marker One: Packed for the Road Ahead," reflects both the achievements of the past year and the readiness for future opportunities [6] - The investment thesis for PAL is well-aligned with its customer value proposition, indicating expectations for continued growth and operational excellence [6] Company Overview - Proficient Auto Logistics is a leading specialized freight company providing auto transportation and logistics services, operating one of the largest auto transportation fleets in North America [8] - The company primarily focuses on transporting finished vehicles from production facilities, marine ports, or regional rail yards to dealerships across the country [8]

Financial Performance - Total Operating Revenue for Q1 2025 was $95.2 million, a 0.7% increase from Q4 2024 but a 0.4% decrease from Q1 2024[3] - Adjusted Operating Income for Q1 2025 was $1.2 million, compared to $1.1 million in Q4 2024 and $6.5 million in Q1 2024[3] - Adjusted EBITDA for Q1 2025 was $7.8 million, with an Adjusted EBITDA Margin of 8.2%, compared to 7.4% in Q4 2024 and 11.4% in Q1 2024[5] - The company incurred a net loss of $3,191,685 for the three months ended March 31, 2025, resulting in a loss per share of $0.12[22] - The company reported total operating expenses of $97,568,527 for the three months ended March 31, 2025[22] Unit Deliveries - Total Units delivered in Q1 2025 were 494,509, a 5% decrease from Q4 2024 but a 7% increase from Q1 2024[3] - Unit deliveries for Company were 163,754 in Q1 2025, down from 171,717 in Q4 2024 but up from 150,481 in Q1 2024[6] Revenue Metrics - Revenue per unit for Company deliveries in Q1 2025 was $185.38, compared to $180.94 in Q4 2024 and $197.38 in Q1 2024[6] - The dedicated fleet revenue for Q1 2025 was $4.3 million, up from $3.4 million in Q4 2024 but down from $6.4 million in Q1 2024[7] - Total operating revenue for the three months ended March 31, 2025, was $95,206,021, with revenue before fuel surcharge at $87,615,128[22] Financial Position - Current assets totaled $69,269,300 as of March 31, 2025, with cash and cash equivalents at $10,910,825[20] - Total assets amounted to $505,270,895, while total liabilities were $169,300,048[20] - The company has a total stockholders' equity of $335,970,847 as of March 31, 2025[20] - Goodwill on the balance sheet was recorded at $170,900,127 as of March 31, 2025[20] - Interest expense for the three months ended March 31, 2025, was $1,570,920[22] Strategic Initiatives - The Company completed the acquisition of Brothers Auto Transport on April 1, 2025, as part of its strategy to gain market share[3] - The Company anticipates ongoing market challenges but aims to leverage recent acquisitions to improve performance[3] - The company is focused on future growth through potential market expansion and strategic acquisitions[17]