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[27 Mar 2011 | No Comment | 7,056 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 …