Key Highlights

  • Shares are trading up 12.98% at $2.96 versus a prior close of $2.62.
  • Steven Hansen joins the board effective immediately with more than 30 years of experience.
  • Hansen & Adkins was acquired by the company in August 2026.

Proficient Auto Logistics (NASDAQ:PAL) shares are trading up 12.98% at $2.96 after the company appointed Steven Hansen, co-founder of Hansen & Adkins, to its board of directors, effective immediately. The stock is above its 52-week low of $2.35 and well below the 52-week high of $10.97.

Proficient, based in Jacksonville, Florida, is a specialized freight company focused on auto transportation and logistics. It operates the largest auto transportation fleet in North America through nine operating companies, moving finished vehicles from factories, ports and rail yards to dealerships.

Hansen Brings More Than 30 Years of Auto Hauling Experience

Hansen co-founded Hansen & Adkins in 1994, a finished-vehicle logistics Business that Proficient acquired in August 2026, and held roles across operations, fleet maintenance, risk management, finance, insurance and U.S. Department of Transportation compliance. He is a founding member and former chairman of the Auto Haulers Association of America and still serves on its board.

CEO Rick O'Dell said Hansen's operations and fleet experience will be particularly valuable as the company continues integrating Hansen & Adkins and pursues additional growth opportunities.

Board Seat Supports Integration of the August Acquisition

The appointment ties the acquired business's founder directly to Proficient's governance as it integrates Hansen & Adkins and strengthens operations. The company has combined nine operating companies, including four since its May 2024 IPO.

The announcement was published after the market close on October 30, and shares are trading higher in today's session.

Shares Recover Ground Above the 52-Week Low

At $2.96, shares remain far below the 52-week high of $10.97 but sit above the low of $2.35. The company's next steps center on integrating Hansen & Adkins and pursuing further growth opportunities.