Proficient Auto Logistics FY25 Loss Expands, Announces Share Repurchase Plan

Proficient Auto Logistics (PLX) reported a wider full-year 2025 loss, with net income down to -$13.8 million, a 23% increase from -$11.3 million in FY24. Revenue declined 12% year-over-year to $319.6 million, pressured by lower auto shipment volumes and higher logistics costs. The company announced a $50 million share repurchase program, effective immediately, to be funded through cash on hand. Management attributed the earnings decline to soft auto shipment demand and ongoing inflationary pressures on operating expenses.