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Arkansas Best

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May 1, 2014 - Industry News

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.

Tags: Fleets, Earnings, Arkansas Best, Panther, ABF, ArcBest Corp.

January 30, 2014 - Industry News

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.

Tags: Fleets, Earnings, Arkansas Best, Panther, ABF

December 5, 2013 - Industry News

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.

Tags: Fleets, Arkansas Best, Teamsters, ABF, LTL

November 12, 2013 - Industry News

Arkansas Best, YRC Report Third-Quarter Results

YRC says it's making changes at YRC Freight. Photo by Evan Lockridge

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.

Tags: Fleet Financials, LTL, Arkansas Best, Teamsters, ABF, YRC Worldwide, YRC Freight

September 3, 2013 - Industry News

ABF Loses Another Teamsters/YRC Challenge, Extends Teamsters Contract

Photo: Evan Lockridge

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

Tags: Arkansas Best, Teamsters, ABF, YRC Worldwide

August 9, 2013 - Industry News

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...

Tags: Fleet Financials, Earnings, Arkansas Best, Teamsters, Panther, ABF

May 10, 2013 - Industry News

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."

Tags: Arkansas Best, Teamsters, YRC Worldwide, ABF, YRC, LTL, Fleets

May 8, 2013 - Industry News

ABF Spurns Offer From YRC Worldwide

No deal, said ABF to YRC's purchase offer.

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.

Tags: Arkansas Best, Teamsters, YRC Worldwide, LTL

May 6, 2013 - Industry News

ABF, Teamsters Reach Tentative Agreement

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

Tags: Arkansas Best, Teamsters, ABF, LTL

April 30, 2013 - Industry News

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.

Tags: financials, Arkansas Best, Teamsters, Fleet news

April 22, 2013 - Industry News

ABF, Teamsters Agree To Contract Extension

ABF and the Teamsters still have a ways to go to come up with a contract both sides can agree on.

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.

Tags: Arkansas Best, Teamsters, LTL, Fleets

April 2, 2013 - Industry News

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

ABF has indicated in the current round of talks it is looking to get big concessions from the Teamsters while the union is looking to increase wages and benefits.

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.

Tags: Arkansas Best, Teamsters, ABF, YRC Worldwide

February 18, 2013 - Industry News

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.

Tags: Fleets, People, Arkansas Best, Panther, Expedite

February 1, 2013 - Industry News

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.

Tags: LTL, Arkansas Best, Teamsters, Panther

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