Tagged: arkansas best corp.

Arkansas Best Execs Enjoy Fruit of Profitable 2013

by Gwen Moritz 3/4/2014 03:35 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 08:15 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 08:00 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 07:52 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 07:14 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 01:41 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.

YRC CEO is Done Talking About That ABF Freight Takeover Offer

by Lance Turner 5/23/2013 10:39 am

James Welch, CEO of YRC Worldwide Inc., is done talking about his firm's offer to take over ABF Freight Inc., the largest subsidiary of Arkansas Best Corp. of Fort Smith.

In Filing, Arkansas Best Says It Rebuffed Takeover Offer by YRC

by Lance Turner 5/9/2013 07:43 am

Arkansas Best Corp. of Fort Smith says it has rebuffed a takeover offer by rival YRC Worldwide Inc., which was interested in an acqusition of ABF Frieght System Inc.

Arkansas Best Posts $13.4 Million 1Q Loss Amid Contract Talks with Teamsters

by Lance Turner 4/30/2013 07:19 am

Arkansas Best Corp. of Fort Smith on Tuesday reported a first-quarter net loss of $13.4 million or 52 cents per share on revenue of $520.7 million, up from $440.9 million in the same quarter last year.

ABF Continues Negotiations With Teamsters Union

by Gwen Moritz 4/29/2013 12:00 am

Arkansas Best Freight has extended its current contract with the Teamsters union through the end of May while the two parties try to reach a long-term agreement that ABF insists must include wage concessions.

Virtual Tech Keeps Trucks on the Road

by Chris Bahn 4/22/2013 12:00 am

USA Truck has outfitted six of the trucks in its fleet with an onboard diagnostics program as part of a pilot program offered by Daimler.

Arkansas Best Corp. Granted Confidentiality in SEC Filings

by Arkansas Business Staff 4/15/2013 12:00 am

Information pertaining to a letter of credit agreement between Arkansas Best Corp. and PNC Bank of Pittsburgh was allowed to be redacted in an SEC filing based on "competitive purposes." Because of “competitive purposes,” the company was allowed to redact specifics of the agreement. Those deletions include basis points and a commitment fee.

ABF, Teamsters Agree To 30-Day Extension On Negotiations

by Chris Bahn 3/29/2013 09:31 am

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

ABF, Wal-Mart Tangle with Unions in Separate Court Cases

by Lance Turner 3/26/2013 09:53 am

Two Arkansas-based public companies are in legal tussles with unions in their respective industries: the International Brotherhood of Teamsters and the United Food and Commercial Workers International Union.