Arkansas Best Corporation Announces Second Quarter 2013 Results

       Arkansas Best Corporation Announces Second Quarter 2013 Results

- Revenue rises to $576.9 million from $510.5 million

- Second quarter 2013 profit of $4.9 million, or $0.18 per share

- Six-month 2013 net loss of $8.5 million

- All emerging, non-asset-based businesses generate second quarter operating
income on revenue growth

- ABF labor contract recently ratified; work continues on approval of
remaining supplemental agreements

PR Newswire

FORT SMITH, Ark., Aug. 9, 2013

FORT SMITH, Ark., Aug. 9, 2013 /PRNewswire/ --Arkansas Best Corporation
(Nasdaq: ABFS) today reported second quarter 2013 net income but continued to
sustain losses for the first six months of the year as costs for salaries,
wages and benefits at LTL carrier subsidiary ABF Freight System, Inc. offset
improving revenue and tonnage trends. Arkansas Best's emerging businesses
continued to see growth and improved margins.

Arkansas Best's second quarter 2013 revenue was $576.9 million compared to
revenue of $510.5 million in the second quarter of 2012. Second quarter 2013
net income was $4.9 million, or $0.18 per share, compared to second quarter
2012 net income of $11.8 million, or $0.44 per share.

The second quarter 2012 results included a tax benefit of $8.0 million, or
$0.31 per share, related to the reversal of previously established deferred
tax asset valuation allowances, and transaction costs of $2.1 million ($1.3
million, after tax), or $0.05 per share, associated with the June 15, 2012
acquisition of Panther Expedited Services, Inc. Excluding both of these
items, Arkansas Best had second quarter 2012 net income of $5.2 million, or
$0.18 per share.

For the first half of 2013, Arkansas Best's net loss was $8.5 million or $0.33
per share on revenue of $1.1 billion compared to a net loss of $6.3 million,
or $0.25 per share on revenue of $951.4 million during the first half of
2012. Excluding the tax and transaction items mentioned above, Arkansas
Best's net loss was $0.33 per share in the first six months of both years.

ABF's second quarter 2013 revenue rose slightly, but higher costs for
salaries, wages and benefits continued to weigh on results, as has been the
case in recent quarters. For the first six months of 2013, ABF's operating
loss was $17.1 million compared to $14.2 million in the first half of 2012.
The June27, 2013 ratification of the ABF National Master Freight Agreement by
its Teamster employees is a major step toward returning the company to
consistent profitability. Once the new contract is implemented, following the
ratification of the remaining supplements, the combined effect of immediate
cost reductions plus lower cost increases in affected areas should put ABF on
a path to improved financial performance.

"We achieved a major milestone for our company in recent weeks with the
ratification of a national five-year labor contract at ABF and most
supplemental agreements. We expect to obtain employee ratification of all
remaining supplements in the coming weeks," said Arkansas Best President and
Chief Executive Officer Judy R. McReynolds. "Once this important process is
concluded, it will represent a pivotal moment for Arkansas Best, as we will be
able to turn our undivided attention to driving improved profitability at ABF,
while continuing the expansion and growth of our emerging businesses. As our
customers look to us for total solutions to their complex supply chain needs,
we are now better positioned than at any time in our history to fulfill those
requirements."

At ABF, total second quarter revenue per hundredweight equaled that of the
same period last year. However, when considering year-over-year changes in
freight profile and account mix, ABF's pricing improved, reflecting the
positive effects of the general rate increase ABF implemented in late May.

As in the first quarter 2013, Arkansas Best's emerging, non-asset-based
businesses continued to show revenue growth, operating profit and cash flow
generation. These businesses represented 23% of total corporate revenue
during the quarter, and are on track to account for a greater proportion of
total revenue going forward. The company's freight brokerage segment led the
emerging businesses in revenue gains, with a 63% increase. Emergency and
preventive maintenance increased second quarter revenue by more than 9% and
improved its operating income by nearly 17%. The household goods moving
services segment raised its second quarter operating income by nearly five
times on a small increase in revenue. Though Panther Expedited Services, Inc.
continued to be affected by reduced customer demand for expedited services and
the effects of ongoing investments made in sales and service locations for
future growth, revenue and margin trends improved throughout the quarter. On a
combined basis, Panther and all of the other non-asset-based businesses
generated second quarter 2013 earnings before interest, taxes, depreciation
and amortization ("EBITDA") of $7.1 million, versus $2.8 million of EBITDA in
the second quarter of 2012.

Status of ABF Labor Contract

As previously announced, the five-year ABF National Master Freight Agreement
was approved by ABF employees represented by the International Brotherhood of
Teamsters. The full contract will be implemented once the remaining
supplemental agreements are approved. It will run through March 31, 2018.
The agreement achieves the stated goals of lowering ABF's costs and better
serving its customers while putting it on a path for improved profitability.
With the new labor contract, ABF also continues to provide the best-paying
jobs and benefits package for its Teamster employees when compared with their
union and non-union counterparts.

ABF Freight System, Inc., and the Teamsters reached another contract extension
that runs through August 31, 2013. The extension will allow for the conclusion
of the voting process for the remaining six supplemental agreements to the ABF
National Master Freight Agreement. Ballots for the remaining supplemental
agreements were mailed earlier this week and they will be counted on August
28, 2013. After full ratification of the new labor contract and all
supplements is achieved, further details on expected future cost savings at
ABF will be provided.

Nonunion Defined Benefit Pension Plan Freeze

As previously announced, Arkansas Best amended its nonunion defined benefit
pension plan in June 2013 to freeze the accrual of future benefits beginning
July 1, 2013. The changes to the plan were accounted for as a plan curtailment
at the end of second quarter 2013, resulting in a $46.3 million reduction in
the pension liabilities, a $28.3 million increase to equity, and an $18.0
million decrease in related deferred tax assets. The change to the plan had no
effect on second quarter nonunion pension expense. Beginning in third quarter
2013, nonunion pension expense will decrease as a result of the plan freeze.
However, these savings may be offset, in part, by discretionary contributions
to Arkansas Best's nonunion defined contribution plan.

Closing Comments

"As economic growth remains moderate and inconsistent, Arkansas Best continues
to make progress in positioning each of its companies for future success,"
said McReynolds. "ABF now looks toward a better future with lower costs and
greater operational flexibility. Investments made in emerging, non-asset-based
businesses are positively impacting our bottom line by improving the way we go
to market as customers seek more end-to-end logistics solutions. We are
excited about the upcoming prospects for Arkansas Best and the future
opportunity we have to benefit our customers, employees and shareholders."

Conference Call

Arkansas Best Corporation will host a conference call with company executives
to discuss the 2013 second quarter results. The call will be today, Friday
August 9, at 9:30a.m. ET (8:30 a.m. CT). Interested parties are invited to
listen by calling (800) 893-3796. Following the call, a recorded playback
will be available through the end of the day on September 8, 2013. To listen
to the playback, dial (800) 633-8284 or (402) 977-9140 (for international
callers). The conference call ID for the playback is 21661649. The
conference call and playback can also be accessed, through September 8, on
Arkansas Best's website at arkbest.com.

Company Description

Arkansas Best Corporation, headquartered in Fort Smith, Arkansas, is a freight
transportation services and solutions provider. Through its various
subsidiaries, Arkansas Best offers a wide variety of logistics solutions
including: domestic and global transportation of less-than-truckload ("LTL")
and full load shipments, expedited ground and time-definite delivery
solutions, freight forwarding services, freight brokerage, oversight of
roadside assistance and equipment services for commercial vehicles, and
household goods moving market services for consumers, corporations, and the
military. More information is available at arkbest.com, abf.com and
pantherexpedite.com.

Forward-Looking Statements

The following is a "safe harbor" statement under the Private Securities
Litigation Reform Act of 1995: Statements contained in this report that are
not based on historical facts are "forward-looking statements." Terms such as
"anticipate," "believe," "could," "estimate," "expect," "forecast," "intend,"
"on track," "plan," "predict," "prospects," "scheduled," "should," "would,"
and similar expressions and the negatives of such terms are intended to
identify forward-looking statements. Such statements are by their nature
subject to uncertainties and risk including, but not limited to, a workforce
stoppage by our employees covered under our collective bargaining agreement or
unfavorable terms of future collective bargaining agreements; relationships
with employees, including unions; general economic conditions and related
shifts in market demand that impact the performance and needs of industries
served by Arkansas Best Corporation's subsidiaries and/or limit our customers'
access to adequate financial resources; union and nonunion employee wages and
benefits, including changes in required contributions to multiemployer pension
plans; competitive initiatives, pricing pressures and the effect of volatility
in fuel prices and the associated changes in fuel surcharges on securing
increases in base freight rates and the inability to collect fuel surcharges;
availability of fuel; default on covenants of financing arrangements and the
availability and terms of future financing arrangements; availability and cost
of reliable third-party services; disruptions or failures of services
essential to the use of information technology platforms in our business;
availability, timing, and amount of capital expenditures; future costs of
operating expenses such as fuel and related taxes; self-insurance claims and
insurance premium costs; governmental regulations and policies; future climate
change legislation; potential impairment of goodwill and intangible assets;
the impact of our brand and corporate reputation; the cost, timing, and
performance of growth initiatives; the cost, integration, and performance of
any future acquisitions; the costs of continuing investments in technology, a
failure of our information systems, and the impact of cyber incidents; weather
conditions; and other financial, operational, and legal risks and
uncertainties detailed from time to time in Arkansas Best Corporation's
Securities and Exchange Commission public filings.

The following tables show financial data and operating statistics on Arkansas
Best Corporation and its subsidiary companies.



ARKANSAS BEST CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS
            Three Months Ended          Six Months Ended

            June 30                     June 30
            2013          2012          2013          2012
            (Unaudited)
            ($ thousands, except share and per share data)
OPERATING   $ 576,899     $ 510,543     $ 1,097,586   $ 951,410
REVENUES
OPERATING
EXPENSES      568,482       503,342       1,112,520     967,196
AND COSTS
OPERATING
INCOME        8,417         7,201         (14,934)      (15,786)
(LOSS)
OTHER
INCOME
(EXPENSE)
Interest
and           161           215           332           469
dividend
income
Interest
expense and
other         (1,079)       (1,112)       (2,286)       (2,255)
related
financing
costs
Other, net    366           (220)         1,450         1,120
              (552)         (1,117)       (504)         (666)
INCOME
(LOSS)
BEFORE        7,865         6,084         (15,438)      (16,452)
INCOME
TAXES
INCOME TAX
PROVISION     2,987         (5,757)       (6,921)       (10,131)
(BENEFIT)
NET INCOME  $ 4,878       $ 11,841      $ (8,517)     $ (6,321)
(LOSS)
EARNINGS
(LOSS) PER
COMMON
SHARE^(1)
Basic       $ 0.18        $ 0.44        $ (0.33)      $ (0.25)
Diluted     $ 0.18        $ 0.44        $ (0.33)      $ (0.25)
AVERAGE
COMMON
SHARES
OUTSTANDING
Basic         25,694,327    25,544,455    25,666,484    25,496,871
Diluted       25,694,327    25,544,455    25,666,484    25,496,871
CASH
DIVIDENDS
DECLARED    $ 0.03        $ 0.03        $ 0.06        $ 0.06
 PER
COMMON
SHARE
(1) The Company uses the two-class method for calculating
earnings per share. This method requires an allocation of
dividends paid and a portion of undistributed net income (but not
losses) to unvested restricted stock for calculating per share
amounts.
NET INCOME  $ 4,878       $ 11,841      $ (8,517)     $ (6,321)
(LOSS)
EFFECT OF
UNVESTED
RESTRICTED    (215)         (549)         (74)          (75)
 STOCK
AWARDS^(1)
ADJUSTED
NET INCOME
(LOSS) FOR
CALCULATING $ 4,663       $ 11,292      $ (8,591)     $ (6,396)
EARNINGS
(LOSS) PER
COMMON
SHARE

ARKANSAS BEST CORPORATION

CONSOLIDATED BALANCE SHEETS
                      June 30      December 31

                      2013         2012
                      (Unaudited)  Note
                      ($ thousands, except share data)
ASSETS
CURRENT ASSETS
Cash and cash         $ 88,553     $ 90,702
equivalents
Short-term              29,879       29,054
investments
Restricted cash, cash
equivalents, and        1,901        9,658
short-term
investments
Accounts receivable,
less allowances (2013   206,168      180,631
– $5,439; 2012 –
$5,249)
Other accounts
receivable, less
allowances (2013 –      6,615        6,539
$1,427; 2012 –
$1,334)
Prepaid expenses        16,346       17,355
Deferred income taxes   42,293       39,245
Prepaid and
refundable income       6,232        5,681
taxes
Other                   7,306        7,185
TOTAL CURRENT ASSETS    405,293      386,050
PROPERTY, PLANT AND
EQUIPMENT
Land and structures     245,148      243,699
Revenue equipment       590,445      589,729
Service, office, and    120,848      119,456
other equipment
Software                107,195      103,164
Leasehold               23,442       23,272
improvements
                        1,087,078    1,079,320
Less allowances for
depreciation and        673,074      635,292
amortization
                        414,004      444,028
GOODWILL                76,448       73,189
INTANGIBLE ASSETS,      77,474       79,561
NET
OTHER ASSETS            51,381       51,634
                      $ 1,024,600  $ 1,034,462
LIABILITIES AND
STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Bank overdraft and    $ 15,672     $ 13,645
drafts payable
Accounts payable        94,770       84,292
Income taxes payable    162          59
Accrued expenses        170,414      158,668
Current portion of      37,030       43,044
long-term debt
TOTAL CURRENT           318,048      299,708
LIABILITIES
LONG-TERM DEBT, less    96,946       112,941
current portion
PENSION AND
POSTRETIREMENT          51,941       104,673
LIABILITIES
OTHER LIABILITIES       12,558       12,832
DEFERRED INCOME TAXES   63,954       45,309
STOCKHOLDERS' EQUITY
Common stock, $0.01
par value, authorized
70,000,000 shares;
                        274          273
 issued 2013:
27,390,446 shares;
2012: 27,296,285
shares
Additional              290,355      289,711
paid-in-capital
Retained earnings       274,027      284,157
Treasury stock, at
cost, 1,677,932         (57,770)     (57,770)
shares
Accumulated other       (25,733)     (57,372)
comprehensive loss
TOTAL STOCKHOLDERS'     481,153      458,999
EQUITY
                      $ 1,024,600  $ 1,034,462
Note: The balance sheet at December 31, 2012 has been derived from the audited
financial statements at that date but does not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements.

ARKANSAS BEST CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS
                      Six Months Ended

                      June 30
                      2013        2012
                      (Unaudited)
                      ($ thousands)
OPERATING ACTIVITIES
Net loss              $ (8,517)   $ (6,321)
Adjustments to
reconcile net loss to
net cash provided by
operating activities:
 Depreciation and    43,914      39,970
amortization
 Amortization of     2,087       200
intangibles
 Share-based         2,485       3,342
compensation expense
 Provision for
losses on accounts      1,312       729
receivable
 Deferred income     (5,761)     (8,520)
tax benefit
 Gain on sale of
property and            (391)       (516)
equipment
 Changes in
operating assets and
liabilities:
 Receivables     (26,617)    (20,885)
 Prepaid         1,402       1,363
expenses
 Other assets    (297)       (452)
 Income taxes    163         522
 Accounts
payable, accrued        18,152      4,740
expenses, and other
liabilities^(1)
NET CASH PROVIDED BY    27,932      14,172
OPERATING ACTIVITIES
INVESTING ACTIVITIES
Purchases of
property, plant, and    (8,638)     (18,401)
equipment, net of
financings
Proceeds from sale of
property and            1,430       2,692
equipment
Purchases of
short-term              (6,692)     (22,143)
investments
Proceeds from sale of
short-term              5,914       9,555
investments
Business acquisition,   (4,146)     (180,793)
net of cash acquired
Capitalization of
internally developed    (4,050)     (3,435)
software and other
NET CASH USED IN        (16,182)    (212,525)
INVESTING ACTIVITIES
FINANCING ACTIVITIES
Borrowing under         –           100,000
credit facilities
Repayments on           (22,009)    (12,303)
long-term debt
Net change in bank      2,026       (5,510)
overdraft and other
Change in restricted
cash, cash
equivalents, and        7,758       31,668
short-term
investments
Deferred financing      (61)        (1,574)
costs
Payment of common       (1,613)     (1,605)
stock dividends
NET CASH PROVIDED BY
(USED IN) FINANCING     (13,899)    110,676
ACTIVITIES
NET DECREASE IN CASH
AND CASH                (2,149)     (87,677)
EQUIVALENTS
Cash and cash
equivalents at          90,702      141,295
beginning of period
CASH AND CASH
EQUIVALENTS AT END OF $ 88,553    $ 53,618
PERIOD
NONCASH INVESTING
ACTIVITIES
Accruals for          $ 268       $ 7,416
equipment received
Equipment financed    $ –         $ 21,370


(1) 2013 and 2012 includes $9.0 million and
$18.0 million, respectively, in contributions
to the Company's nonunion pension plan.



ARKANSAS BEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
                                 Three Months Ended      Six Months Ended

                                 June 30                 June 30
                                 2013         2012       2013       2012
                                 (Unaudited)
                                 ($ thousands, except per share data)
ARKANSAS BEST CORPORATION – CONSOLIDATED
Net Income (Loss)
Amounts on a GAAP basis          $  4,878     $ 11,841   $ (8,517)  $ (6,321)
Tax benefits^(1)                    –           (7,973)    –          (3,333)
Transaction costs, after-tax^(2)    –           1,294      –          1,294
Non-GAAP amounts                 $  4,878     $ 5,162    $ (8,517)  $ (8,360)
Diluted Earnings (Loss) Per
Share
Amounts on a GAAP basis          $  0.18      $ 0.44     $ (0.33)   $ (0.25)
Tax benefits^(1)                    –           (0.31)     –          (0.13)
Transaction costs, after-tax^(2)    –           0.05       –          0.05
Non-GAAP amounts                 $  0.18      $ 0.18     $ (0.33)   $ (0.33)
ARKANSAS BEST CORPORATION – CONSOLIDATED
Earnings Before Interest, Taxes,
Depreciation
 and Amortization
Net income (loss)                $  4,878     $ 11,841   $ (8,517)  $ (6,321)
Interest expense                    1,079       1,112      2,286      2,255
Income tax provision (benefit)      2,987       (5,757)    (6,921)    (10,131)
Depreciation and amortization       22,807      20,850     46,001     40,170
Amortization of share-based         1,181       1,900      2,485      3,342
compensation
Amortization of actuarial losses    2,912       2,846      5,824      5,693
EBITDA                              35,844      32,792     41,158     35,008
Transaction costs, pre-tax^(2)      –           2,129      –          2,129
Adjusted EBITDA                  $  35,844    $ 34,921   $ 41,158   $ 37,137
(1) Tax benefit adjustments related to deferred tax asset valuation
allowances.
(2) Transaction costs associated with the June 15, 2012 acquisition of Panther
Expedited Services, Inc.
Non-GAAP Financial Measures. The company reports its financial results in
accordance with generally accepted accounting principles ("GAAP"). However,
management believes that certain non-GAAP performance measures and ratios
utilized for internal analysis provide financial statement users meaningful
comparisons between current and prior period results, as well as important
information regarding performance trends. Certain information discussed in the
scheduled conference call could be considered non-GAAP measures. Non-GAAP
financial measures should be viewed in addition to, and not as an alternative
for, the company's reported results. Management believes EBITDA to be relevant
and useful information as EBITDA is a standard measure commonly reported and
widely used by analysts, investors and others to measure financial performance
and ability to service debt obligations. However, these financial measures
should not be construed as better measurements than operating income,
operating cash flow, net income or earnings per share, as defined by generally
accepted accounting principles. Other companies may calculate EBITDA
differently, and therefore the Company's EBITDA may not be comparable to
similarly titled measures of other companies.



ARKANSAS BEST CORPORATION

RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
             Three Months Ended               Three Months Ended

             June 30                          June 30

             2013                             2012
             Operating
                       Depreciation           Operating Depreciation
             Income    and          EBITDA    Income    and          EBITDA
                       Amortization           (Loss)    Amortization
             (Loss)
Premium
Logistics &
Expedited    $  1,506  $    2,594   $ 4,100   $  480    $    473     $ 953
Freight
Services^(1)
Truck
Brokerage       692         99        791        655         68        723
and
Management
Emergency
and             810         130       940        694         130       824
Preventative
Maintenance
Household
Goods Moving    948         285       1,233      165         179       344
Services
Total
non-asset    $  3,956  $    3,108   $ 7,064   $  1,994  $    850     $ 2,844
based
segments
             Six Months Ended                 Six Months Ended

             June 30                          June 30

             2013                             2012
             Operating
                       Depreciation           Operating Depreciation
             Income    and          EBITDA    Income    and          EBITDA
                       Amortization           (Loss)    Amortization
             (Loss)
Premium
Logistics &
Expedited    $  642    $    5,144   $ 5,786   $  480    $    473     $ 953
Freight
Services^(1)
Truck
Brokerage       1,459       191       1,650      1,049       132       1,181
and
Management
Emergency
and             1,522       262       1,784      558         249       807
Preventative
Maintenance
Household
Goods Moving    717         525       1,242      (626)       358       (268)
Services
Total
non-asset    $  4,340  $    6,122   $ 10,462  $  1,461  $    1,212   $ 2,673
based
segments
(1) Depreciation and amortization consists primarily of amortization of
intangibles, including customer relationships and software, which were
acquired in conjunction with the purchase of Panther Expedited Services,
Inc. on June 15, 2012. Amounts for the three and six months ended June 30,
2012 reflect the period from the date of acquisition, June 15, to June 30.

ARKANSAS BEST CORPORATION

FINANCIAL STATEMENT OPERATING SEGMENT DATA AND OPERATING RATIOS
                 Three Months Ended                Six Months Ended

                 June 30                           June 30
                 2013             2012             2013                2012
                 (Unaudited)

                 ($ thousands)
OPERATING
REVENUES
Freight          $ 446,750        $ 440,351        $ 854,031           $ 836,864
Transportation
Premium
Logistics &
Expedited          60,431           10,835           113,683             10,835
Freight
Services^(1)
Truck Brokerage    16,335           10,021           30,939              18,060
& Management
Emergency and
Preventative       32,935           30,101           65,457              52,479

 Maintenance
Household Goods    21,252           20,479           34,828              35,531
Moving Services
Total
non-asset-based    130,953          71,436           244,907             116,905
segments
Other revenues     (804)            (1,244)          (1,352)             (2,359)
and eliminations
Total
consolidated     $ 576,899        $ 510,543        $ 1,097,586         $ 951,410
operating
revenues
OPERATING EXPENSES AND COSTS
Freight
Transportation
Salaries, wages, $ 272,641 61.0%  $ 268,995 61.1%  $ 539,819   63.2%   $ 534,057 63.8%
and benefits
Fuel, supplies,    82,441  18.5     82,696  18.8     165,773   19.4      163,336 19.5
and expenses
Operating taxes    10,939  2.4      10,823  2.5      21,929    2.6       21,624  2.6
and licenses
Insurance          6,068   1.4      5,585   1.3      10,552    1.2       10,466  1.3
Communications     3,879   0.9      3,459   0.8      7,812     0.9       7,258   0.9
and utilities
Depreciation and   18,967  4.2      19,464  4.4      38,541    4.5       38,037  4.5
amortization
Rents and
purchased          44,260  9.9      39,681  9.0      82,729    9.7       72,897  8.7
transportation
Gain on sale of
property and       (182)   –        (231)   (0.1)    (394)     –         (513)   (0.1)
equipment
Other              2,240   0.5      2,258   0.5      4,322     0.5       3,940   0.5
                   441,253 98.8%    432,730 98.3%    871,083   102.0%    851,102 101.7%
Premium
Logistics &
Expedited

Freight
Services^(1)
Purchased        $ 46,233  76.5%  $ 8,247   76.1%  $ 87,270    76.8%   $ 8,247   76.1%
transportation
Depreciation and   2,594   4.3      473     4.4      5,144     4.5       473     4.4
amortization^(1)
Other              10,098  16.7     1,635   15.1     20,627    18.1      1,635   15.1
                   58,925  97.5%    10,355  95.6%    113,041   99.4%     10,355  95.6%
Truck Brokerage    15,643           9,366            29,480              17,011
& Management
Emergency and
Preventative       32,125           29,407           63,935              51,921

 Maintenance
Household Goods
Moving             20,304           20,314           34,111              36,157
 Services
Total
non-asset-based    126,997          69,442           240,567             115,444
segments
Other expenses     232              1,170            870                 650
and eliminations
Total
consolidated
operating        $ 568,482        $ 503,342        $ 1,112,520         $ 967,196

 expenses and
costs
(1) Amounts for the three and six months ended June 30, 2012 reflect the period
from the purchase of Panther Expedited Services, Inc. on June 15, 2012 to June 30.
Depreciation and amortization consists primarily of amortization of intangibles,
including customer relationships and software, which were acquired in conjunction with
the acquisition.
Note: See the following page for description of segments.

ARKANSAS BEST CORPORATION

FINANCIAL STATEMENT OPERATING SEGMENT DATA AND OPERATING RATIOS
– Continued
                Three Months Ended      Six Months Ended

                June 30                 June 30
                2013        2012        2013         2012
                (Unaudited)

                ($ thousands)
OPERATING
INCOME (LOSS)
Freight         $ 5,497     $ 7,621     $ (17,052)   $ (14,238)
Transportation


Premium
Logistics &       1,506       480         642          480
Expedited
 Freight
Services
Truck Brokerage   692         655         1,459        1,049
& Management
Emergency and
Preventative      810         694         1,522        558

 Maintenance
Household Goods
Moving            948         165         717          (626)
 Services
Total
non-asset-based   3,956       1,994       4,340        1,461
segments
Other income
(loss) and        (1,036)     (2,414)     (2,222)      (3,009)
 eliminations
Total
consolidated
operating       $ 8,417     $ 7,201     $ (14,934)   $ (15,786)
 income
(loss)
Description of Segments:

  oFreight Transportation includes the results of operations of Arkansas Best's largest
    subsidiary, ABF Freight System, Inc.®.
  oPanther Expedited Services, Inc., which was acquired on June 15, 2012, is reported as
    Premium Logistics & Expedited Freight Services.
  oTruck Brokerage and Management includes the transportation brokerage services operating
    as FreightValue®.
  oEmergency and Preventative Maintenance includes the roadside vehicle assistance and
    commercial equipment services subsidiary FleetNet America, Inc.
  oHousehold Goods Moving Services includes Albert Companies, Inc. and Moving Solutions,
    Inc. which provide services to the consumer, corporate, and military household goods
    moving market.



Certain reclassifications have been made to the prior year's operating segment data to
conform to the current year presentation. The operating results of Global Supply Chain
Services and Supply Chain Services, businesses which provide ocean container transport and
warehousing services, have been reclassified from the Freight Transportation segment to
"Other and Eliminations." There was no impact on consolidated amounts as a result of these
reclassifications.



ARKANSAS BEST CORPORATION

OPERATING STATISTICS
                                            Three Months Ended              Six Months Ended
                                            June 30                         June 30
                                            2013        2012        %       2013        2012        %
                                                                    Change                          Change
                                            (Unaudited)
Freight Transportation ^(1)
Workdays                                      64.0        63.5                126.5       127.5
Billed Revenue ^(2) / CWT        $ 27.79     $ 27.79     –       $ 27.35     $ 27.66     (1.1)%
Billed Revenue ^(2) / Shipment         $ 380.70    $ 377.02    1.0%    $ 376.71    $ 371.77    1.3%
Shipments   1,190,678   1,173,825 1.4%      2,286,356   2,268,844 0.8%
Shipments / Day                               18,604      18,485    0.6%      18,074      17,795    1.6%
Tonnage (tons)     815,695     796,212   2.4%      1,574,584   1,524,677 3.3%
Tons / Day                                    12,745      12,539    1.6%      12,447      11,958    4.1%
(1) Based on the previously described reclassifications that have been made to the prior year's operating
segment data and statistics to conform to the current year presentation, operations of Global Supply
Chain Services and Supply Chain Services are excluded from key operating statistics for the Freight
Transportation Segment.
(2) Billed Revenue does not include revenue deferral required for financial statement purposes under the
company's revenue recognition policy.

Contact: Investors: Mr. David Humphrey, Vice President, Investor Relations
         Telephone: (479) 785-6200
         Media: Ms. Kathy Fieweger, Vice President, Marketing and Corporate
         Communications
         Telephone: (847) 903-8806



SOURCE Arkansas Best Corporation

Website: http://arkbest.com
 
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