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[19 Apr 2011 | 2 Comments | 5,426 views]
ABF decision may not be out until July

Fort Smith-based Arkansas Best Corp. (Nasdaq: ABFS) may not learn if it was successful in its appeal in a case against the International Brotherhood of Teamsters.
Arkansas Best — the parent company of less-than-truckload carrier ABF Freight System — filed suit in federal court last year against the Teamsters. Arkansas Best alleged the Teamsters worked out concessions with a competitor, YRC Worldwide (Nasdaq: YRCW), that put ABF at an unfair disadvantage in the market. Arkansas Best has asked for damages of $700 million. Drivers for both ABF and YRC are members …

Business, News »

[12 Apr 2011 | 8 Comments | 7,540 views]
ABF decision pending

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 …