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The parent to less-than-truckload carrier ABF Freight and other trucking and logistics operations reported that its fourth quarter net income fell in both the final quarter of 2016 and all of last year.
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The parent of a company primarily known for its less-than-truckload fleet saw its profit fall by nearly a third while a separate carrier that provides long-haul truckload and other services moved into the red, according to newly released earnings numbers.
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Expedited services provider V3 Transportation is gaining former Panther II Transportation CEO Craig Amato as a senior advisor and investor, the company has announced.
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ArcBest Corp. on Monday announced it was back in the black during the first quarter for the first time in seven years, reporting first quarter net income of $700,000 or 3 cents per share.
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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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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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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...
Read More →Panther Expedited Services has names a new president/CEO and a new chief operating officer following the retirement of President and CEO Andrew Clarke.
Read More →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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