Revelations this week that YRC Worldwide had considered acquiring Arkansas Best, parent of ABF Freight System, earlier this year seemed to help both companies on Wall Street.
ABF Freight System
10 May 2013
The International Brotherhood of Teamsters blasted YRC Worldwide’s recent attempt to open acquisition talks with Arkansas Best, charging the less-than-truckload carrier with “interference in the collective bargaining process.”
10 May 2013
YRC Worldwide was — and still is — interested in acquiring not just rival trucker ABF Freight System but its $2.1 billion parent company Arkansas Best, which includes Panther Expedited Services, YRC Worldwide CEO James Welch said.
09 May 2013
Arkansas Best rejected an offer by YRC Worldwide, its largest unionized less-than-truckload rival, to purchase either ABF Freight System or the entire company.
06 May 2013
ABF Freight System reached a tentative five-year contract with the Teamsters union May 3.
30 Apr 2013
Arkansas Best today reported a net loss of $13.4 million in the first quarter of 2013, improving from a net loss of $18.2 million in the first quarter of 2012.
21 Apr 2013
ABF Freight System and the Teamsters union extended their current contract for a second 30-day period as the less-than-tr
12 Apr 2013
02 Apr 2013
Carlos Martinez-Tomatis, Division Vice President Global Supply Chain Services for TPM Silver Sponsor ABF, discusses the company’s expansion into new markets and additional offerings, its distinctive services, and its plans for growth in 2013. He also discusses expectations for 2013 in the trans-Pacific trade.
01 Apr 2013
As ABF and the Teamsters union resume talks April under a contract extension and head for an April 10 day in court, one analyst warns shippers to plan for all contingencies.
28 Mar 2013
Negotiations for a new multiyear contract between ABF Freight System and the Teamsters union will continue under a 30-day contract extension that pushes the talks into late April.
11 Mar 2013
The 10 less-than-truckload carriers with more than $1 billion in annual revenue increased combined sales 4.3 percent in 2012 to $23.2 billion.