May 1, 2014 - Industry News
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: Earnings, Arkansas Best, Panther, ABF, ArcBest Corp.
January 30, 2014 - Industry News
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: Earnings, Arkansas Best, Panther, ABF
December 5, 2013 - Industry News
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: Arkansas Best, Teamsters, ABF, LTL
November 12, 2013 - Industry News
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: LTL, Arkansas Best, Teamsters, ABF, YRC Worldwide, YRC Freight, Fleet Financials
September 3, 2013 - Industry News
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, 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: Earnings, Arkansas Best, Teamsters, Panther, ABF, Fleet Financials
May 10, 2013 - Industry News
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
May 8, 2013 - Industry News
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
Representatives of the International Brotherhood of Teamsters and the trucking company ABF have reached a tentative contract agreement.
April 30, 2013 - Industry News
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
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
April 2, 2013 - Industry News
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 - Industry News
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: People, Arkansas Best, Panther
February 1, 2013 - Industry News
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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