PAL — what changed in the latest 10-Q
A section-by-section comparison of PAL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −10 | ~26 | 57 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 4 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
●those related to the private offering of the notes and the use of proceeds therefrom and the capped call transactions;
●the satisfaction of the conditions to the closing of the proposed transaction in a timely manner;
●the ability to recognize the anticipated benefits of the acquisition of H&A;
●the risk that disruptions from the acquisition will harm our business, including current plans and operations;
●the diversion of management’s time and attention from ordinary course business operations to integration of H&A;
Text removed vs the prior filing · source: 10-Q · 2026-05-14
We generate revenue by transporting autos for our customers in OEM contract and spot arrangements, secondary market auto moves, and contract services arrangements. Our OEM contract and spot arrangements provide auto transportation and logistics services through movements of autos over routes across …
Company Drivers fuel surcharge and other reimbursements 1,990,020 1,349,583
During the first quarter of 2026, extended plant shutdowns, weak seasonally adjusted annual rate of automotive sales (“SAAR”), and severe winter weather impacted both new vehicle shipments and dealership operations, particularly in January and February. While volume was up modestly year-over-year, t…
In the Company Drivers segment, operating revenues increased by $3.6 million, or 11.0%, to $36.3 million in the first quarter of 2026 compared to $32.7 million in 2025. In the Subhaulers segment, operating revenues decreased by $5.1 million, or 8.2%, to $57.4 million in 2026 compared to $62.5 millio…
Salaries, wages and benefits — Salaries, wages, and benefits consist primarily of compensation for all employees. Salaries, wages, and benefits are primarily affected by the amount paid to company drivers, which is a function of the amount of freight hauled and units delivered. Salaries, wages and b…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice