Page 1 of 2 12 LastLast
Results 1 to 10 of 16
  1. #1
    I Am Rocking Now

    Join Date
    Jul 2009
    Local Union
    745
    Employer
    ABF
    Location
    Dallas
    Posts
    1,656
    Rep Power
    448

    Default Arkansas Best Corp. Enters Red

    If a research analyst's projections are correct, then the rest of Arkansas Best's quarters in 2010 may look like the first one - negative.

    That's even taking into account possible wage concessions of 15 percent from its work force that Judy McReynolds, president and CEO of Fort Smith-based Arkansas Best Corp., said Friday would have saved the company about $75 million in 2009.
    Click here

    "The wage concessions are highly important to Arkansas Best and also ensuring the livelihood of their employees," said Jack Waldo, Stephens Inc. research analyst. "If that comes through, it'll set the foundation for them to return to profitability. We expect that to happen sometime in 2011. They have an outside shot, but our model doesn't have them in the black until then."

    http://www.swtimes.com/business/arti...cc4c002e0.html

    The company is trying their best to convince us that they are hurting. It's just a coincidence that people were questioning of ABC's financial situation and now this pops up. Imagine that! ABC enters the red and their stock goes up 54 cents.I think that i'm missing something here.Ah, I know, it's gullibility!

  2. #2
    Getting In The Groove Now.

    Join Date
    Dec 2008
    Local Union
    470
    Employer
    ABF
    Location
    NJ
    Posts
    96
    Rep Power
    86

    Default Re: Arkansas Best Corp. Enters Red

    WOW we had around 140 million at end of 4th quarter,lost 21 million in 1st now were in the red.HUM 140-21 = I guess a negative. Man give me some of that stuff there smoking.

  3. #3
    I Am Rocking Now

    Join Date
    Jul 2009
    Local Union
    745
    Employer
    ABF
    Location
    Dallas
    Posts
    1,656
    Rep Power
    448

    Default Re: Arkansas Best Corp. Enters Red

    "The pressures on the trucking industry are serious and only the strong will survive. Ironically, this is of benefit to companies like Arkansas Best. Its balance sheet ensures a bright future as it will live to capitalize on the misery of others. Concurrently, the ambitions of companies like UPS and FedEx should drive further consolidation. Furthermore, stabilizing freight volumes should help pricing.

    All roads lead to Arkansas Best.

    Arkansas Best: Small Cap Trucker Set to Go the Distance -- Seeking Alpha


    This article was in November.
    "Its balance sheet ensures a bright future as it will live to capitalize on the misery of others."
    Now, I wonder if that could possibly mean us too!

    We know that ABF is not in bad shape!
    Last edited by Docker; 04-25-2010 at 10:48 AM.

  4. #4
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    New Pennitentiary
    Location
    Pa
    Posts
    8,285
    Rep Power
    811

    Default Re: Arkansas Best Corp. Enters Red

    Quote Originally Posted by ltl1 View Post
    WOW we had around 140 million at end of 4th quarter,lost 21 million in 1st now were in the red.HUM 140-21 = I guess a negative. Man give me some of that stuff there smoking.
    This is all we got here. Take it or leave it:.
    Just cartoons. If ya want the real stuff you'll have to go to ABF corporate.
    That's the only place them numbers will add up. They're the only ones who can afford dope too.

  5. #5
    I Am Rocking Now

    Join Date
    Jul 2009
    Local Union
    745
    Employer
    ABF
    Location
    Dallas
    Posts
    1,656
    Rep Power
    448

    Default Re: Arkansas Best Corp. Enters Red

    I'll bet that Jethro Bodine could cipher them there numbers.

  6. #6
    I Am Rocking Now

    Join Date
    Feb 2008
    Local Union
    407
    Employer
    ABF
    Posts
    3,104
    Rep Power
    752

    Default Re: Arkansas Best Corp. Enters Red

    Great post my Brothers. We just had our Locale 407 monthly meeting. At that meeting I brought before the membership the facts of the two man meeting. And it was said by the President Frank Burdell and The ABF BA Mike Hietion that there was never a motion brought too the floor on the matter of the contents of the concession package. In other words the statement on the IBT Freight update and the web page was and is a LIE. It was never voted on. Later today there should be proof for all of you Brothers and Sisters to take to the members at your Terminals that will prove we are being wronged. Teamster has said he will allow something that only I have and you will see it first and only on this site. YOUR BROTHER ALWAYS!

  7. #7
    ENOUGH I'VE HAD ENOUGH!!!

    Join Date
    Aug 2008
    Local Union
    560
    Employer
    Who Knows?
    Location
    nowhere
    Posts
    2,997
    Rep Power
    512

    Default Re: Arkansas Best Corp. Enters Red

    Quote Originally Posted by slavenomore View Post
    This is all we got here. Take it or leave it:.
    Just cartoons. If ya want the real stuff you'll have to go to ABF corporate.
    That's the only place them numbers will add up. They're the only ones who can afford dope too.
    None of those upper management types are subject to mandatory DOT drug screenings are they?

    Like my Drill Instructor used to say, "if ya got em, lightem up".
    Last edited by mudflap560; 04-25-2010 at 12:12 PM.

  8. #8
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    New Pennitentiary
    Location
    Pa
    Posts
    8,285
    Rep Power
    811

    Default Re: Arkansas Best Corp. Enters Red

    Quote Originally Posted by mudflap560 View Post
    None of those upper management types are subject to mandatory DOT drug screenings are they?
    We just had a situation questioning if a manager was drunk on duty. Supposedly they had a meetng and he got reprimanded. Retaliation appears to have been taken. A dock guy/driver got sent for a test and failed.
    6 weeks off unpaid for the dock/driver and whatever else mandatory rehab stuff goes with it. Business as usual for the manager. Great for morale. Morale is low as usual lately. Way to get the numbers up!

  9. #9
    ENOUGH I'VE HAD ENOUGH!!!

    Join Date
    Aug 2008
    Local Union
    560
    Employer
    Who Knows?
    Location
    nowhere
    Posts
    2,997
    Rep Power
    512

    Default Re: Arkansas Best Corp. Enters Red

    Quote Originally Posted by slavenomore View Post
    We just had a situation questioning if a manager was drunk on duty. Supposedly they had a meetng and he got reprimanded. Retaliation appears to have been taken. A dock guy/driver got sent for a test and failed.
    6 weeks off unpaid for the dock/driver and whatever else mandatory rehab stuff goes with it. Business as usual for the manager. Great for morale. Morale is low as usual lately. Way to get the numbers up!
    Double standard to say the least!

  10. #10
    I Am Rocking Now

    Join Date
    Jul 2009
    Local Union
    745
    Employer
    ABF
    Location
    Dallas
    Posts
    1,656
    Rep Power
    448

    Default Re: Arkansas Best Corp. Enters Red


 

 
Page 1 of 2 12 LastLast

LinkBacks (?)


Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100