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It took a few months, but Fort Smith-based Arkansas Best Corp. (NasdaqGS:ABFS) received word on Wednesday it can move forward with its lawsuit against YRC Worldwide (NasdaqGS:YRCW) of Overland Park, Kan.
Arkansas Best and YRC are competitors in the the less-than-truckload freight segment and both employ drivers who are members of the International Brotherhood of Teamsters. Arkansas Best filed suit in federal court last year against YRC, claiming the company negotiated concessions with the Teamsters that gave the trucking company an unfair advantage in the market. Those concessions, Arkansas Best alleges, …
Fort Smith-based Arkansas Best Corp (NasdaqGS:ABFS) appealed the dismissal of its lawsuit against the International Brotherhood of Teamsters and had its day in court this morning.
The company is still waiting on a ruling, said spokesman David Humphrey, adding ABF officials aren’t sure when the panel of judges who heard the appeal will come to a decision on the case.
Arkansas Best is the parent company of ABF Freight System, a less-than-truckload carrier employing about 7,000 union drivers. The company filed suit against the Teamsters because of some concessions the union allowed …