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Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.
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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.
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ArcBest is under contract to purchase 40 acres of land at Chaffee Crossing in Fort Smith, Ark., for construction of a new corporate headquarters. The company said it has exceeded the capacity at its current Fort Smith general office.
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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.
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