ABF Reportedly Considering Move to Memphis, Expansion
July 28, 2014
Photo courtesy ABF.
While there has been no official word from less-than-truckload carrier ABF Freight or its parent ArcBest Corp., it appears the company has plans for a move and expansion of one of its primary facilities.
Arkansas Business reports the Fort Smith, Ark.-based company is moving forward to relocate ABF’s operations in North Little Rock, Ark., to Memphis, Tenn., after it was offered $4 million worth of incentives to move the distribution center. The operation would be expanded in a more than $20 million project.
Using an affiliate, Transport Realty, the company has purchased two pieces of property needed for a Memphis expansion, according to the Memphis Business Journal.
If such a move happens, all but about 25 to 40 of 380 union employees at the company’s North Little Rock would lose their jobs, but more than 280 jobs would be created with an expansion in Memphis.
Read more about it from Arkansas Business and the Memphis Business Journal.