Proficient Auto Logistics, Inc

Proficient Auto Logistics, Inc. (NASDAQ: PALT) operates as a leading specialized freight company providing auto transportation and logistics services across North America. The company maintains its website at proficientautologistics.com and was formed through the combination of five operating companies—Delta Automotive Services, Deluxe Auto Carriers, Sierra Mountain Group, Proficient Auto Transport, and Tribeca Automotive—which completed their acquisitions in May 2024 in connection with the company's initial public offering. The company has since expanded through additional acquisitions including Auto Transport Group, Brothers Auto Transport, and complementary repair facilities.

Proficient operates one of the largest auto transportation fleets in North America with approximately 800 owned assets and 825 dedicated employees as of December 31, 2025. The company maintains 57 strategically located facilities across the United States from which it provides comprehensive auto transportation and logistics services. The business primarily focuses on transporting finished vehicles from automotive production facilities, marine ports of entry, and regional rail yards to auto dealerships nationwide.

The company organizes its operations into two reportable segments: Company Drivers and Subhaulers. The Company Drivers segment, representing 36 percent of combined revenue, operates an asset-based model using company-owned equipment to service customers through long-term contracts and spot arrangements. The Subhaulers segment utilizes an asset-light model, outsourcing transportation to independent contractors and third-party carriers while maintaining customer relationships and billing functions.

Proficient's customer base includes nearly all global auto manufacturing companies participating in the North American market, along with auto dealers, auctions, rental car companies, and leasing companies. The company operates under 129 disparate customer contracts, with no single contract exceeding seven percent of revenue. Five major OEM customers accounted for approximately 59 percent of 2025 operating revenue. The company's competitive advantages include its scale, geographic diversity, embedded relationships with leading OEMs, integrated transportation management systems, and emphasis on consistent, high-quality service delivery supported by driver training, safety programs, and preventive maintenance practices.