Filed in LTL
Monday, September 17, 2012
ABF Freight System going to negotiate its next agreement with the Teamsters union separately on behalf of its 7,000 unionized workers. Hundreds of thousands of ABF shippers should be watching closely as it will affect rates they pay for truck services.
Thursday, September 06, 2012
Company officials said this new 14-door service center will serve shippers in West Virginia and Ohio
Tuesday, September 04, 2012
This follows an early August decision by a U.S. District Court to dismiss ABF’s lawsuit against those parties.
Posted on 09/04 at 09:13 AM
ABF Freight •
Wednesday, August 22, 2012
Abandoning its longstanding commitment to a collective approach in bargaining with the Teamsters, financially ailing ABF Freight System has informed the union it is pulling out of the National Master Freight Agreement and will negotiate a separate contract.
Friday, August 03, 2012
Based on today’s second quarter earnings announcement from less-than-truckload (LTL) transportation services provider YRC Worldwide, business conditions are continuing to gradually improve for the Overland Park, Kan.-based carrier.
Posted on 08/03 at 10:03 AM
YRC Worldwide •
YRC Freight •
Thursday, August 02, 2012
A U.S. District Court this week elected to dismiss a lawsuit by less-than-truckload (LTL) carrier ABF Freight System Inc. against the International Brotherhood of Teamsters, YRC Inc. and other related entities.
Posted on 08/02 at 09:44 AM
ABF Freight •
Wednesday, August 01, 2012
While the recession left the national less-than-truck (LTL) carriers reeling, we’re happy to report that this sector is more “in balance” than in past years, with capacity now aligning with demand. For the first time in at least five years, the sector is showing positive operating margins—albeit scant—while rates have started to clearly reflect that equilibrium.
Being nimble, quick, and responsive to constantly changing customer demands has kept many of the nation’s top regional LTL’s alive over the past four years. But this year’s story revolves around the improved scores cross the entire regional category, signaling that this year’s Quest for Quality winners have come out of the Great Recession with a full head of steam.
With pricing power back in the hands of the rejuvenated LTL sector, carriers are now laser focused on margins while concentrating on profitable freight.
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Net income of $41.8 million—or $0.74 per share—was up 30 percent annually. And operating income—at $80.1 million—saw a 33.2 percent annual improvement, with revenue—at $1.45 billion—seeing a 7.2 percent improvement.
Posted on 08/01 at 02:04 PM
Con-way Freight •