Arkansas Best Corp. said its third quarter 2003 net income was $17 million, compared to $18.3 million for the same period last year.

Arkansas Best's revenues during the third quarter of 2003 were $402.9 million, an increase of 7.3% over the third quarter of 2002.
ABF Freight System, the company's largest subsidiary, had third quarter 2003 revenue of $360.6 million, a per-day increase of 7.5% compared to third quarter 2002 revenue of $335.5 million. ABF's third quarter 2003 operating ratio was 91.9% versus an operating ratio of 92.9% during the third quarter of 2002. This year's third quarter operating ratio at ABF was the third best for any third quarter in the last 25 years.
"Our business does not yet reflect much of a change in the overall economy of our country," said Robert A. Young III, Arkansas Best president and chief executive officer. "I continue to be encouraged about the positive signs and comments from others regarding the improving economic environment. If the economy does improve, this should eventually translate into more business for ABF."
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