After five years of economic growth, less-than-truckload carriers are making progress toward rebuilding their profitability, a review of LTL carrier operating ratios shows.
ABF Freight System
ABF Freight System
ABF Freight System news and analysis. Get the latest news about ABF Freight System and the trucking industry.
30 May 2014
16 May 2014
The first quarter was warmer for trucking than you might think — at least financially.
12 May 2014
April showered less-than-truckload carriers with freight, as shippers responded to a surge in consumer spending in March and increased industrial demand.
17 Mar 2014
ABF Freight will raise its general less-than-truckload and charges on average 5.4 percent, starting March 24.
03 Feb 2014
ABF Freight System, the less-than-truckload subsidiary of Arkansas Best, returned to profitability in 2013 and expects, with sister company Panther Expedited, to meet stronger demand in 2014.
13 Jan 2014
UPS Freight Teamsters approved a new five-year contract last weekend that raises wages but gives the LTL carrier some flexibility to subcontract line-haul work.
12 Nov 2013
It took months of bargaining-table wrangling and two rounds of voting, but ABF Freight System finally has its own national master freight agreement. The less-than-truckload carrier and the Teamsters sealed the deal on a five-year agreement in late October when a lone holdout region rejected a strike authorization.
11 Nov 2013
Arkansas Best today reported net income of $14.0 million in the third quarter of 2013, up 114.5 percent year-over-year from $6.5 million...
31 Oct 2013
After months of difficult negotiations over regional supplements, ABF Freight Systems has a new five-year contract with the Teamsters and a 7 percent wage cut, effective Nov. 3.
09 Oct 2013
The International Brotherhood of Teamsters has mailed ballots to authorize a strike against ABF Freight System by its employees covered under the Central Region Local Cartage supplement.
13 Sep 2013
A federal court in late August left ABF Freight System with a clear choice: the less-than-truckload carrier could drop its struggle to wring $750 million in damages from the Teamsters union and YRC Worldwide, or try to appeal again after having its lawsuit challenging three rounds of union concessions at its competitor dismissed three times in as many years.
04 Sep 2013
ABF Freight System’s $750 million lawsuit against the International Brotherhood of Teamsters and YRC Worldwide has again been rejected by a federal court.
03 Sep 2013
Teamster employees at ABF Freight System approved five regional supplements, but two side agreements are still on the table.
09 Aug 2013
Arkansas Best today reported net income of $4.9 million in the second quarter of 2013, down from $11.8 million in the same period last year.
31 Jul 2013
ABF Freight System and the Teamsters union extended their current contract through Aug. 31, as the less-than-truckload carrier and union work on supplemental agreements rejected last month by ABF’s Teamster employees.
28 Jun 2013
Members of the International Brotherhood of Teamsters have voted to approve a national master agreement with ABF Freight System, Inc., although some local/area supplemental agreements were rejected.
12 Jun 2013
Con-way Freight will raise its less-than-truckload base rates 5.9 percent on average June 24, along with minimum charges and accessorial fees.
10 Jun 2013
The latest round of general rate increases points to higher contractual pricing to come as LTL carriers seek to regain lost pricing levels.
10 Jun 2013
FedEx Freight will raise its general tariff rates 4.5 percent on average July 1, following a route blazed by UPS Freight and ABF Freight System in May and June.
21 May 2013
Less-than-truckload carrier ABF Freight System will raise general rates and charges 5.9 percent on average May 28.
21 May 2013
The leaders of about 160 Teamster locals approved a multiyear contract with ABF Freight System that will cut wages 7 percent in the first year of the contract.
10 May 2013
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.
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.
30 Jan 2013
10 Jan 2013
The Teamsters union and ABF Freight System are back at the bargaining table. Negotiations on a new multiyear contract resumed Jan. 8 and will continue through next week, the union said in a notice published on its Web site.