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  1. #1
    Taking A Stand!!!

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    ABF
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    Default ABF Freight Expects Weaker Third Quarter

    Well, what a surprise!!! Here its comes guys just in time for the new contract negotiations.

    Arkansas Best Corporation (Nasdaq: ABFS) (the "Company") is providing the following update on the most recent information related to the Company's third quarter 2012 financial results and business trends. ABF Freight System, Inc. ("ABF") is the largest subsidiary of the Company.
    Based on projected operating results through August 2012, the Company does not expect ABF's third quarter 2012 operating ratio to be improved compared to second quarter 2012. In recent years, ABF's operating ratio trend between second quarter and third quarter averaged an improvement of 1.6 points.
    Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance

  2. #2
    Taking A Stand!!!

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    Albuquerque, NM
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    Default Re: ABF Freight Expects Weaker Third Quarter

    “ABF’s sequential percentage change in total tonnage per day from July 2012 to August 2012 was weaker than historical averages,” the company said in its filing.

    The nationwide LTL carrier reported a $7.7 million operating profit in the second quarter, compared with a $22 million first quarter operating loss.

    The $1.7 billion trucker looks to higher pricing, cost-cutting and negotiations for a new Teamsters contract in 2013 to help secure more sustainable profits.
    Operating ratio will be flat from second quarter, LTL carrier says, as tonnage, revenue decrease | Journal of Commerce

  3. #3
    Banned

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    Default

    How can it not be legit?

 

 

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