Tagged: arkansas best corp.

ArcBest 2Q Profit Triples From Last Year

by Marty Cook 7/31/2014 9:45 am

ArcBest Corp. of Fort Smith reports its most profitable quarter in six years, driven by stronger performance in two of its subsidiaries, ABF Freight and Panther Premium Logistics.

Arkansas Tells ABF Freight: Think About West Memphis for Terminal Move

by Marty Cook 6/3/2014 10:31 am

Arkansas Gov. Mike Beebe told union representatives he would not support cash incentives for ArcBest Corp.'s new Fort Smith headquarters after subsidiary ABF Freight said it is considering moving its North Little Rock distribution center to Memphis.

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

by Lance Turner and Marty Cook 5/30/2014 1:39 pm

ArcBest Corp. of Fort Smith said Friday that it will buy 40 acres of land at Chaffee Crossing in Fort Smith to build a new corporate headquarters. The $30 million project will allow the firm to support 975 new jobs in Fort Smith through 2021.

Trucking Firm ArcBest Opens Its Own Clinic as Antidote to Rising Health Care Costs

by Marty Cook 5/19/2014 12:00 am

A few years ago, ArcBest, formerly known as Arkansas Best Corp., began to research how to control rising health care costs and handle the effects of the federal Affordable Care Act. Discussions kept returning to the idea of an employee-dedicated clinic that would be free to all workers on the company’s health care plan.

Rebranding Advertises a New 'ArcBest'

by Marty Cook 5/12/2014 12:00 am

The company formerly known as Arkansas Best Corp. became ArcBest Corp. on May 1. The name change — officially a rebranding — was companywide as email addresses, the website and headquarter marquees were among the makeovers.

Newly Named ArcBest Narrows Loss, Posts 11 Percent Revenue Rise

by Lance Turner and Marty Cook 5/1/2014 3:18 pm

ArcBest Corp. of Fort Smith, formerly Arkansas Best Corp., narrowed its first-quarter loss and reported an 11 percent rise in quarterly revenue, even as it was hit with harsh winter eather and charges related to a pension settlement.

Arkansas Best Corp. Changing Its Name to ArcBest Corp.

by Marty Cook 4/30/2014 3:28 pm

Publicly traded Arkansas Best Corp. of Fort Smith said Wednesday that it is changing its name to ArcBest Corp. and adopting a new Nasdaq stock trading symbol, "ARCB." The company, which will report first-quarter earnings on Thursday, also unveiled a new logo system as it "strengthens its identity as a holistic provider of transportation and logistics solutions for a wide variety of customers."

Arkansas Best Names Danny Loe VP of Enterprise Customer Solutions

by Marty Cook 4/23/2014 11:12 am

Arkansas Best Corp. of Fort Smith names Danny Loe as its new vice president of enterprise customer solutions, replacing Jim Keenan, who retired after 33 years with the company March 31.

Arkansas Best Execs Enjoy Fruit of Profitable 2013

by Gwen Moritz 3/4/2014 3:35 pm

A cash incentive of nearly $600,000 bumped Judy McReynolds total compensation as CEO of Arkansas Best Corp. above $1.54 million in 2013, according to company's annual proxy statement.

Arkansas Best Opens Health Clinic for Employees

by Arkansas Business Staff 2/6/2014 10:03 am

Arkansas Best Corp. of Fort Smith is opening a primary care clinic to serve its employees and their dependent family members.

USA Truck Founder Robert Powell Sells Company Stake

by Marty Cook 2/3/2014 10:04 am

Former USA Truck founder and CEO Robert Powell sold his stake of nearly 1 million shares in the Van Buren company.

Arkansas Best Rebounds From Full-Year, Quarterly Losses

by Lance Turner 1/30/2014 8:15 am

Arkansas Best Corp. of Fort Smith on Thursday reported results showing the trucking and logistics services company back in the black for the fourth quarter and the full year.

Closings Proposal a Reminder of Union Role at ABF

by Marty Cook 12/16/2013 12:00 am

Arkansas Best Corp.’s Dec. 4 announcement that it hoped to close 22 more terminals did not come as a surprise to industry analysts, who were expecting just such cost-cutting moves by the less-than-truckload carrier based in Fort Smith.

Teamsters Deal Brings Flexibility, Value to ABF

by Marty Cook 12/9/2013 12:00 am

While analysts say it will take awhile for ABF Freight System Inc. to fully realize the benefits of its five-year labor agreement with the Teamsters, the deal is already going over well on Wall Street.

Arkansas Best to Close 30 Service Terminals

by Lance Turner 12/5/2013 8:00 am

Arkansas Best Corp. of Fort Smith is working to close 30 service facilities for its ABF Freight System Inc. subsidiary, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

Arkansas Best 3Q Profit, Revenue Beat Expectations

by Lance Turner 11/11/2013 7:52 am

Arkansas Best Corp. of Fort Smith reports third-quarter net income of $14 million, up 115 percent from the $6.5 million it reported in the same quarter last year.

ABF Freight, Teamsters Ratify 5-Year Labor Agreement

by Marty Cook 10/31/2013 10:04 am

After months of negotiations, ABF Freight System Inc. and the Teamsters ratify a five-year labor agreement that will go into effect Sunday. The contract, which runs through 2018, calls for 7 percent wage reduction, along with other benefit cuts. The wage reductions begin Sunday.

Arkansas Best Records 2Q Profit But Says High Labor Costs Still Hurt

by Lance Turner and Chris Bahn 8/9/2013 7:14 am

Arkansas Best Corp. of Fort Smith reported a profitable second quarter but said it continued to sustain losses in the first six months of the year on rising costs at its largest subsidiary, ABF Freight System Inc.

Judy McReynolds Negotiates Path as Head of Arkansas Best

by Arkansas Business Staff 6/17/2013 12:00 am

Once a pioneering female executive at Arkansas Best Corp., Judy McReynolds, a member of the Arkansas Business 40 Under 40 Class of 1999, is now CEO of the trucking company, headquartered in Fort Smith.

Arkansas Best, Teamsters Extend Contract, Await Approval Of New Deal

by Chris Bahn 5/30/2013 1:41 pm

ABF Freight System Inc. and the Teamsters have extended their current labor contract through the end of June while waiting on union workers to approve a new deal between the two parties.