ABF, Teamsters Agree To 30-Day Extension On Negotiations

by Chris Bahn  on Friday, Mar. 29, 2013 9:31 am  

Arkansas Best Corp. headquarters in Fort Smith.

ABF Freight System Inc. and the Teamsters have agreed to a 30-day extension on contract negotiations.

The parties are operating under the National Master Freight Agreement, which expires on Sunday. Negotiations will resume the week April 8.

"ABF reassures all customers that it remains business as usual while talks continue, and that they will receive the same superior service they expect from us every day," the company said in a statement. "We thank all of our employees and customers for their patience and commitment to ABF during this important process."

ABF, a subsidiary of Fort Smith’s Arkansas Best Corp. (Nasdaq: ABFS), has 7,500 Teamsters employees and has been seeking to help lower expenses through uniformity in cost structure, time off, scheduling, benefits and other areas related to union workers.

Negotiations began in January as ABF sought a single contract to replace the National Master Freight Agreement and, in some cases, 15 supplemental contracts.



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