Tagged: arkansas best corp.

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 7:43 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 7:19 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 9:31 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 9:53 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.

Talks Between ABF, Teamsters to Continue; Existing Deal Expires March 31

by Chris Bahn 3/11/2013 12:00 am

Negotiations between ABF Freight System Inc. and the International Brotherhood of Teamsters will resume next week.

Arkansas Best Corp. Reports Loss, Seeks End to Teamsters Talk

by Chris Bahn and Lance Turner 1/30/2013 11:47 am

ABF Freight System Inc. expects contract negotiations with the International Brotherhood of Teamsters to be resolved by a March 31 deadline, but the CEO of its parent company said Wednesday that the firm is exploring options in case a new agreement can't be reached.

ABF Global Adds South America to Coverage

by Chris Bahn 1/28/2013 12:00 am

Argentina, Brazil, Chile, Columbia, Peru and Uruguay are now included in ABF Global’s transport portfolio. Services provided include single contact for full-container-load and expedited less-than-container-load.

Arkansas Business: Best Quotes of 2012

by Arkansas Business Staff 12/24/2012 12:00 am

From John L. Smith’s pep talk to reporters to U.S. District Judge Bill Wilson’s withering remarks to out-of-line prosecutors, they said it all in 2012.

Arkansas Best 3Q Net Income Down 47 Percent

by Lance Turner 11/1/2012 7:43 am

Arkansas Best Corp. of Fort Smith reports third-quarter net income of $6.5 million, down 47 percent from $12.3 million during the same quarter last year. The decline comes amid weakness in the economy, reduced business levels and lower profitability at ABF Freight System Inc., the firm's largest subsidiary.

Arkansas Best Corp. Delays Earnings Release, Conference Call

by Lance Turner 10/29/2012 5:24 pm

Arkansas Best Corp. of Fort Smith, which was due to report earnings on Tuesday, has indeed delayed its earnings release and conference call with analysts.

Entergy, Others Postpone Earnings As Sandy Comes Ashore

by Lance Turner 10/29/2012 10:15 am

Entergy Corp. of New Orleans is among several publicly traded companies postponing earnings releases this week as Hurricane Sandy comes ashore in the northeast.

Performance of Trucking Firms' Stocks Ranges Wide

by Jan Cottingham 10/29/2012 12:00 am

The winning ways of J.B. Hunt Transport Services Inc. stock have pushed its shareholders' fortunes to new heights this year on Arkansas Business' list of top stockholders.

Arkansas Best 2Q Profit Slips

by Lance Turner 7/31/2012 7:26 am

Arkansas Best Corp. of Fort Smith reports second-quarter net income affected by two one-time items, including costs associated with the its June 15 acquisition of Panther Expedited Services Inc.