ARKANSAS BEST CORP

(NASDAQ: ABFS)
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38.05 Up +0.79 +2.12%
COMPANY ADDRESS
ARKANSAS BEST CORP
3801 Old Greenwood Road
Fort Smith, AR 72903
USA - Map
Phone: +1 479 785-6000
Website
COMPANY INFORMATION
Exchange: NASDAQ national market
Stock: Arkansas Best Corporation
Industry: Trucking
Employees: 11,420
DESCRIPTION
Arkansas Best Corporation, a Delaware corporation was incorporated in 1966. The Company is a freight transportation services and solutions provider with five reportable operating segments. The Company’s principal operations are conducted through its Freight Transportation operating segment, which consists of ABF Freight System, Inc. and certain other subsidiaries of the Company (collectively “ABF Freight”). The Company’s other reportable operating segments are the following non‑asset‑based businesses: Premium Logistics & Expedited Freight Services, Domestic & Global Transportation Management, Emergency & Preventative Maintenance, and Household Goods Moving Services. The Freight Transportation segment represents the operations of ABF Freight, which includes ABF Freight System, Inc., the Company’s subsidiary, and certain other subsidiaries of the Company, including ABF Freight System (B.C.), Ltd.; ABF Freight System Canada, Ltd.; ABF Cartage, Inc.; and Land‑Marine Cargo, Inc. The Premium Logistics & Expedited Freight Services segment includes Panther, which was founded in 1992 and acquired by the Company on June 15, 2012. Panther provides expedited freight transportation services to commercial and government customers and offers premium logistics services that involve the rapid deployment of highly specialized equipment to meet extremely specific linehaul requirements, such as temperature control, hazardous materials, geofencing, specialized government cargo, security services, and life sciences. The Domestic & Global Transportation Management segment, operating as ABF Logistics, Inc., includes operations of the Company’s businesses which provide freight brokerage and intermodal transportation services, worldwide ocean shipping solutions, and transportation and warehouse management services. The Emergency & Preventative Maintenance segment includes the results of operations of FleetNet America, Inc. FleetNet provides roadside assistance and maintenance management services for commercial vehicles to customers in the United States and Canada through a network of third‑party service providers. The Household Goods Moving Services segment includes operations of Albert Companies, Inc. and Moving Solutions, Inc. This segment provides third‑party transportation, warehousing, and delivery services to the consumer, corporate, and military household goods moving markets. ABF competes with nonunion and union LTL carriers, including YRC Freight and YRC Regional Transportation, FedEx Freight, Inc., UPS Freight (a business unit of United Parcel Service, Inc.), Con-way Freight (a business unit of Con-way Freight Inc.), Old Dominion Freight Line, Inc., Saia, Inc., and Roadrunner Transportation Systems, Inc. The Company is subject to federal, state and local environmental laws and regulations relating to, among other things: emissions control, transportation of hazardous materials, underground and aboveground storage tanks, contingency planning for spills of petroleum products and disposal of waste oil.
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Financial data in US dollars | Page generated 7:34 PM ET
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