ABF Announces Third Quarter 2011 Results

Arkansas Best Corporation today announced third quarter 2011 net income of $12.3 million, or $0.46 per share, compared to a net loss of $0.7 million, or $0.03 per share in the third quarter of 2010. Arkansas Best’s third quarter 2011 performance reflects strong improvement from its largest subsidiary, ABF Freight System, Inc. ABF produced healthy revenue and profit growth that resulted from

NASDAQ Panel Grants YRC Worldwide's Request for Continued Listing

YRC Worldwide Inc. today announced that the company received a positive determination from the NASDAQ Hearings Panel (the "Panel") indicating that the Panel had granted the company's request to remain listed on The NASDAQ Stock Market. In its decision, the Panel indicated that it had determined to exercise its discretionary authority to apply NASDAQ's financial viability exception retroactively

Teamsters Call on Obama To Move Forward on HOS

The Teamsters union and highway safety advocates have asked President Obama to "expeditiously more forward" on the new hours of service rule proposed by the Federal Motor Carrier Safety Administration.Citing statistics on truck crashes that they said cost the nation $20 billion in 2009, the labor and safety advocates said in an Oct. 7 letter to Obama that the proposed reduction in driver hours "

YRC revamps sales, operations structure

Move marks first major organizational change under new presidentLess-than-truckload carrier YRC Worldwide Inc. has reorganized its top sales, marketing, and operational workforces in the first major realignment under new president Jeff Rogers.Under the reorganization, YRC is consolidating its divisions from four regions to two, according to an internal memo issued Monday by Rogers. The West

UPS Earnings Per Share Rise 14 Percent on 8 Percent Revenue Growth in 3Q

U.S. Domestic and Supply Chain & Freight Lead the Way; Free Cash Flow Exceeds $3.7 BillionUPS today announced diluted earnings per share of $1.06 for the third quarter of 2011, a 14% improvement over the adjusted $0.93 for the prior-year period. Total revenue increased 8% to $13.2 billion.The results were driven by the U.S. Domestic and Supply Chain & Freight segments. U.S. Domestic operating

Nearly 20 Years After NAFTA, First Mexican Truck Arrives In U.S. Interior

Nearly two decades after the passage of the North American Free Trade Agreement, the first Mexican truck ventured into the U.S. under provisions of the controversial treaty.With little fanfare, a white tractor-trailer with Mexican license plates entered the courtyard of the Atlas Copco facility in Garland, Texas on Saturday afternoon to unload a Mexico-manufactured metal structure for drilling

Hoffa: Mexican Truck Pilot Program Will Be a Repeat Fiasco

Press Conference with U.S. Reps Hunter (R-CA), Filner (D-CA) Shines Light on Safety IssuesTeamsters General President Jim Hoffa said today that the U.S. Department of Transportation's (DOT) cross-border truck pilot program will fail. His remarks came at a news conference at California's busiest border crossing, with U.S. Rep. Bob Filner (D-CA), U.S. Rep. Duncan Hunter (R-CA) and Todd Spencer,

House Leaders Want to Halt HOS Changes

Republican leaders in the U.S. House of Representatives have asked President Obama to withdraw the administration’s proposed changes to the hours-of-service rules for commercial drivers.House Speaker John Boehner (R-Ohio) and Majority Leader Eric Cantor (R-Va.) said in an Oct. 5 letter to Obama that withdrawing the proposed changes is an “opportunity to avoid adding another $1 billion in

TEAMSTERS HAIL DELAY OF MEXICAN TRUCK OPERATING PERMIT

Teamsters General President Jim Hoffa issued the following statement today regarding the U.S. Transportation Department’s delay of the first permit for a Mexican trucking company to start traveling freely throughout the United States. The delay was based on safety concerns raised by the Teamsters Union and its allies.“The U.S. Transportation Department was right in heeding our safety concerns and

OOIDA comments prompt second look at cross-border applicant

In spite of having passed a Pre-Authority Safety Audit by the Federal Motor Carrier SafetyAdministration, the agency has decided to deny Grupo Behr access to the long-haul program in response to issues raised by OOIDA and two other groups.FMCSA announced on Aug. 25 in the Federal Register that Mexico-domiciled motor carrier Grupo Behr had passed its Pre-Authority Safety Audit, or PASA, and

The No. 6 UPS Freight Ford Takes On A New Look

The last time this season the UPS Freight Ford hit the track David Ragan earned his first Sprint Cup pole starting position and went on to earn a seventh-place finish at Texas Motor Speedway. The UPS Freight Ford will take to the track for the second time this season this weekend at Charlotte Motor Speedway, but will take on a whole new design that was chosen by UPS employees. The No. 6 might

YRC Worldwide Schedules Third Quarter 2011 Conference Call

YRC Worldwide Inc. will hold a conference call with the investment community on Friday, November 4, 2011, beginning at 9:30am ET, 8:30am CT. Chief Executive Officer James Welch and Interim Chief Financial Officer Jamie Pierson will host the call. Third quarter earnings will be released the same day, Friday, November 4, 2011, prior to the opening of the market.The call will be webcast and can be

David McAllister Earns Platinum Driving Award for Accident-Free Driving

David McAllister, an ABF city driver domiciled in Salisbury, Mass., has earned an ABF Platinum Safe Driving Award, becoming just the sixth driver to earn this distinction. The Platinum Award recognizes city drivers who have driven accident-free for more than 60,000 consecutive hours."David McAllister has earned the highest safety award available to an ABF city driver, previously attained by just

ABF Earns American Trucking Associations Excellence in Security Award

ABF has been recognized by the American Trucking Associations (ATA) for exceptional security practices—earning the 2011 Excellence in Security Award from the ATA Supply Chain Security and Loss Prevention Council. The award was presented at the Supply Chain Security and Law Enforcement Conference at the Trump Plaza Hotel in Atlantic City, N.J., October 4-5, 2011. Including the inaugural award in

Matthew Letter Promoted to ABF Vice President of Sales

Matthew Letter will assume the role of vice president of sales at ABF effective January 1, 2012.A 23-year veteran of the company, Letter has served the past 12 years as ABF regional vice president of sales in Chicago. “In his new position, Matt will be responsible for the sales management of ABF’s 10 field regions throughout North America, as well as our Inside Sales Center in Fort Smith,” said