Arkansas Best

1  -  14  of  14

May 1, 2014

Arkansas Best Renamed, Tightens First Quarter Losses

The trucking operation, Arkansas Best, just renamed ArcBest, has reported a first quarter net loss of $2.9 million, or 11 cents per share, compared to a first quarter 2013 net loss of $13.4 million, or 52 cents per share.

January 30, 2014

Arkansas Best Moves from Loss to Profit in 2013

The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.

December 5, 2013

ABF Closing 30 Terminals

Less-than-truckload carrier ABF Freight System is cutting its number of terminals from 277 to 247. In a “change of operations” filing with the Securities and Exchange Commission, ABF parent company Arkansas Best said it had already eliminated eight facilities in the second half of this year, with the rest still yet to close.

November 12, 2013

Arkansas Best, YRC Report Third-Quarter Results

Two of the industry's large, unionized less-than-truckload carriers announced their third quarter results Tuesday, with the non-asset-based Panther Expedited helping Arkansas Best and problems at YRC Freight weighing down YRC Worldwide.

September 3, 2013

ABF Loses Another Teamsters/YRC Challenge, Extends Teamsters Contract

ABF Freight System has again lost a court challenge against the Teamsters Union and competitor YRC Worldwide for a second time.

August 9, 2013

Arkansas Best Second Quarter Profit Shrinks, Reports Loss for First Half of 2013

Arkansas Best, has reported second quarter 2013 net income but continued to sustain losses for the first six months of the year as costs for salaries, wages and benefits at less-than-truckload carrier subsidiary ABF Freight System, offset improving revenue...

May 10, 2013

Teamsters Blast YRC, ABF Over Talks

Teamsters Union President James Hoffa Friday had some harsh words for LTL giant YRC Worldwide following news that it tried to purchase competitor Arkansas Best, which owns ABF, calling the move "unconscionable."

May 8, 2013

ABF Spurns Offer From YRC Worldwide

Just before reporting positive first quarter numbers, the parent of several less-than-truckload carriers, YRC Worldwide, reportedly made a bid for competitor ABF – without success.

May 6, 2013

ABF, Teamsters Reach Tentative Agreement

Representatives of the International Brotherhood of Teamsters and the trucking company ABF have reached a tentative contract agreement.

April 30, 2013

Arkansas Best Corp. Announces First Quarter Net Loss

Arkansas Best Corp. reported a first quarter 2013 net loss despite continued encouraging trends in its emerging businesses. Year-over-year revenue and tonnage growth at LTL carrier ABF Freight System, Inc., were offset by higher wage and benefit costs for employees represented by the International Brotherhood of Teamsters.

April 22, 2013

ABF, Teamsters Agree To Contract Extension

The Teamsters Union and Arkansas Best Freight System have agreed to another extension of the current labor contract, as the two sides seem far apart.

April 2, 2013

ABF and Teamsters Extend Contract, ABF Still Challenging YRC-Teamsters Concessions

The Teamsters Union and the less-than-truckload carrier ABF failed to reach an agreement by the time the most recent labor pact expired at the end of March, but they intend to keep talking, having agreed to a 30-day extension.

February 18, 2013

Panther Expedited Names New CEO, COO

Panther Expedited Services has names a new president/CEO and a new chief operating officer following the retirement of President and CEO Andrew Clarke.

February 1, 2013

Arkansas Best Reports $7.9 Million Loss for Quarter

Arkansas Best Corp. reports fourth-quarter and full-year losses, but says Teamsters negotiations will help cut costs, and new non-asset-based businesses will help the bottom line.

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