Proficient Auto Logistics (PAL) announced a share repurchase program of up to $15 million of its common stock, effective immediately. Preliminary total revenue for January and February 2026 was approximately $55 million, a 4% decrease compared to the same period in 2025. January's performance was impacted by extended plant shutdowns, weak seasonally adjusted annual rate (SAAR), and severe winter weather. February's monthly revenue was lower year-over-year and $6-8 million below expectations, despite some rebound in auto sales, due to slow recovery in transportation pipelines. The weak January and February revenue will result in full quarter revenue below previously disclosed expectations and a sequential increase in adjusted operating ratio. Management expects March revenue and profitability expectations to remain intact, and future revenue and adjusted operating ratio to be substantially in line with current analyst consensus. Company executives will attend the Raymond James 47th Annual Institutional Investors Conference on March 4, 2026.