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[6 Jul 2011 | No Comment | 4,209 views]
Arkansas Best wins appeal, moves forward with suit against YRC

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, …

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[27 Mar 2011 | No Comment | 7,153 views]
In spite of lawsuit, ABF says relationship with Teamsters largely beneficial

It’s old news by now — Fort Smith-based Arkansas Best Corp. (NasdaqGS: ABFS) filed suit against the Teamsters union in November.
What might surprise some is that Arkansas Best still regards its relationship with the Teamsters are largely beneficial. Arkansas Best is the parent company of ABF Freight System, a less-than-truckload carrier employing about 7,000 union drivers.
ABF took issue with certain concessions given by the Teamsters to YRC Worldwide, an Overland Park, Kan.-based less-than-truckload carrier employing about 25,000 union drivers. ABF filed its lawsuit asking for $750 million in damages that …

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[15 Jul 2010 | One Comment | 4,181 views]
J.B. Hunt Doubles Profit; Thompson Sees Tighter Shipping Capacity

ROGERS — If you bought it, trucks brought it.
J.B. Hunt Transport Services Inc. of Lowell brought more goods over the road and by rail for manufacturers and to stores.
The firm’s profit doubled when compared with this time last year.
J.B. Hunt reported its second quarter earnings after financial markets closed Thursday.
The transportation company reported $942.77 million in revenue for the second quarter ended June 30, about a 22 percent increase from the $769.78 million in revenue in the second quarter 2009.
“Demand for transportation services has increased fairly dramatically as …