ArcBest Corp. Unveils $30M Plan for New Headquarters in Fort Smith

by Lance Turner and Marty Cook  on Friday, May. 30, 2014 1:39 pm  

ArcBest Corp. of Fort Smith

ArcBest changed its name from Arkansas Best Corp. on May 1, rolling out new logos and branding, a new stock symbol and a new website. The company told Arkansas Business earlier this month that the move to a non-trucking-specific name was deliberate, an effort to better define the growing parts of its business, which include data-driven logistics services.

Founded as OK Transfer in Fort Smith in 1923, ArcBest has 11,000 employees and five subsidiaries. The biggest and oldest is ABF Freight, a less-than-truckload carrier that transports goods throughout North America for clients including small businesses and Fortune 500 companies.

Its other subsidiaries are ABF Logistics, which was founded in 2013 and provides third-party logistics services that include brokerage, intermodal transport, ocean transport and transportation management; Panther Premium Logistics, which ArcBest acquired in 2012 and arranges ground, air, ocean shipping and other services; and FleetNet America, which provides maintenance and repair for commercial and private fleets.

The company’s latest financials show ABF Freight accounting for the lion’s share of revenue. But the asset-light logistics services, including Panther, are bringing in a growing share of business.

"The core element company, ABF Freight, has been around for a long time," Fieweger, told Arkansas Business for a May 12 story. "We also have the personal moving business, which is partially in Fort Smith and partially in Wichita Falls, Texas. The company has operations all over the country.

"Then with the services we provide through ABF Logistics, really a global capability. We felt a newer name would allow us to retain that heritage of the existing company but combine it with something that is a little more progressive."

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Do you approve of the president taking executive action on immigration?