Arkansas Best Corporation Announces Third Quarter 2013 Results

        Arkansas Best Corporation Announces Third Quarter 2013 Results

- Third quarter 2013 revenue increases 7.9% to $623.4 million from $577.5
million

- Third quarter 2013 net income of $14.0 million, or $0.52 per share, on
better business levels

- Panther produces significant improvement in third quarter operating income
and EBITDA

- All emerging, non-asset-based businesses generated third quarter operating
income on revenue growth

- ABF Freight's new five-year labor agreement was implemented on November 3

- Year-to-date ABF Freight results just above breakeven levels

PR Newswire

FORT SMITH, Ark., Nov. 11, 2013

FORT SMITH, Ark., Nov. 11, 2013 /PRNewswire/ --Arkansas Best Corporation
(Nasdaq: ABFS) today reported higher third quarter 2013 net income in the
seasonally strong business environment for ABF Freight System, Inc., while
Arkansas Best's emerging businesses continued to experience revenue growth and
positive margins.

Arkansas Best's third quarter 2013 revenue was $623.4 million compared to
revenue of $577.5 million in the third quarter of 2012. Third quarter 2013 net
income was $14.0 million, or $0.52 per share, compared to third quarter 2012
net income of $6.5 million, or $0.24 per share. The third quarter 2013
results included pension settlement charges of $0.04 per share related to
Arkansas Best's nonunion defined benefit pension plan which, as previously
announced, was amended to freeze the accrual of future benefits of nonunion
employees beginning July 1, 2013. In addition, third quarter 2013 results
included a tax benefit of $0.02 per share related to the reversal of
previously established deferred tax asset valuation allowances. Excluding
both of these items, Arkansas Best had third quarter 2013 net income of $14.5
million, or $0.54 per share.

"This was our strongest quarter of the year thanks to the solid performances
of our emerging businesses and a tonnage uptick for ABF Freight," said
Arkansas Best President and Chief Executive Officer Judy R. McReynolds. "In
particular, Panther Expedited Services, which we acquired in June 2012, showed
improved demand in several of the industries it serves."

ABF Freight's revenue increased during the traditionally strong third
quarter. However, union salary wage and benefit costs remained unacceptably
high as the previous national labor agreement remained in place. This was the
result of operating under several extensions of the previous labor agreement
pending final resolution of all regional supplemental agreements to the new
ABF National Master Freight Agreement ("ABF NMFA"), which was implemented on
November 3.

ABF's third quarter 2013 total billed revenue per hundredweight was $28.67
compared to $28.46 in the same period last year. Without the impact of
year-over-year changes in third quarter freight profile and account mix, which
was similar to what ABF has experienced in the last several quarters, the
level of ABF's yield improvement was even greater.

For the first nine months of 2013, ABF Freight's operating income was just
above break-even, reflecting the high cost structure associated with the
previous labor agreement. In addition, year-to-date capital expenditures for
ABF Freight were minimal while the contract resolution process continued,
resulting in lower than normal depreciation expense for an asset-intensive LTL
business. ABF Freight also benefitted from lower retirement plan costs for
nonunion employees as a result of the previously described pension amendment.


Consistent with trends throughout this year, Arkansas Best's emerging,
non-asset-based businesses continued to experience growing revenue, operating
margins, and cash flow generation. During the third quarter, these expanding
businesses equaled 26% of total consolidated revenue, reflecting an increase
in this measure during each quarter of this year. On a combined basis,
Panther and all other non-asset-based businesses generated third quarter 2013
earnings before interest, taxes, depreciation and amortization ("EBITDA") of
$9.7 million, a 45% increase over EBITDA generated in the third quarter of
2012. "We are pleased that our strategy of utilizing the strengths of our
companies to offer end-to-end logistics solutions is benefitting our customers
and positively contributing to our financial results," said McReynolds.

ABF Labor Contract

As reported on October 30, the new ABF NMFA for employees represented by the
International Brotherhood of Teamsters ("IBT") was implemented on November 3,
2013, and runs through March 31, 2018. Full ratification of the new contract
represents a major milestone for ABF. "While this is a significant step toward
increasing ABF's profitability, there are other initiatives underway intended
to improve operational efficiency," McReynolds noted. As previously announced,
the level of cost savings achieved from the labor contract impacts the depth
and analysis of future network improvements. Because there are additional
opportunities to more cost effectively serve ABF's customers and further
savings are needed in order to return to historic profitability, ABF currently
has an active network analysis underway, the results of which are expected to
be announced in the first half of 2014.

During the third quarter, the United States Court of Appeals for the Eighth
Circuit affirmed the lower court's decision to dismiss ABF's complaint against
the IBT and various YRC subsidiaries. ABF decided not to seek further review
of the lawsuit, and as a result the legal process has now ended.

Closing Comments

"While our third quarter results improved on prior quarter trends and
reflected strides in our emerging businesses, we remain focused on returning
ABF Freight to its historic profitability," said McReynolds. "After a long
and complex labor negotiation process at ABF Freight, we are pleased to have
an implemented contract that allows us to lower costs while still providing
the best-paying jobs in the industry. Going forward, we will continue with
initiatives at ABF and all of our operating companies that will enable us to
better serve our customers in the rapidly evolving transportation and
logistics marketplace."

Conference Call

Arkansas Best Corporation will host a conference call with company executives
to discuss the 2013 third quarter results. The call will be today, Monday,
November 11, at 9:30a.m. ET (8:30 a.m. CT). Interested parties are invited
to listen by calling (800) 768-3350. Following the call, a recorded playback
will be available through the end of the day on December 11, 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 21675784. The
conference call and playback can also be accessed, through December 11, 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,"
"may," "plan," "predict," "project," "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 ABF's 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              Nine Months Ended

            September 30                    September 30
            2013           2012             2013                     2012
            (Unaudited)
            ($ thousands, except share and per share data)
OPERATING   $ 623,414      $  577,546       $     1,720,999         $   1,528,956
REVENUES
OPERATING
EXPENSES      602,912         565,313             1,715,431             1,532,509
AND COSTS
OPERATING
INCOME        20,502          12,233              5,568                 (3,553)
(LOSS)
OTHER
INCOME
(EXPENSE)
Interest
and           167             155                 499                   623
dividend
income
Interest
expense and
other         (993)           (1,609)             (3,279)               (3,863)
related
financing
costs
Other, net    1,328           997                 2,778                 2,117
              502             (457)               (2)                   (1,123)
INCOME
(LOSS)
BEFORE        21,004          11,776              5,566                 (4,676)
INCOME
TAXES
INCOME TAX
PROVISION     7,022           5,258               101                   (4,873)
(BENEFIT)
NET INCOME  $ 13,982       $  6,518         $     5,465             $   197
EARNINGS
PER COMMON
SHARE^(1)
Basic       $ 0.52         $  0.24          $     0.20              $   –
Diluted     $ 0.52         $  0.24          $     0.20              $   –
AVERAGE
COMMON
SHARES
OUTSTANDING
Basic         25,736,810      25,613,315          25,690,184            25,535,969
Diluted       25,736,810      25,613,315          25,690,184            25,535,969
CASH
DIVIDENDS
DECLARED    $ 0.03         $  0.03          $     0.09              $   0.09
 PER
COMMON
SHARE
(1) The Company uses the two-class method for calculating earnings per share.
This method, as calculated below, 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  $ 13,982       $  6,518         $ 5,465                $    197
EFFECT OF
UNVESTED
RESTRICTED    (585)           (309)           (243)                     (113)
 STOCK
AWARDS^(1)
ADJUSTED
NET INCOME
FOR
CALCULATING $ 13,397       $  6,209         $ 5,222                $    84

 EARNINGS
PER COMMON
SHARE



ARKANSAS BEST CORPORATION

CONSOLIDATED BALANCE SHEETS
                                           September 30        December 31

                                           2013                2012
                                           (Unaudited)         Note
                                           ($ thousands, except share data)
ASSETS
CURRENT ASSETS
Cash and cash equivalents                  $ 107,611           $  90,702
Short-term investments                       28,573               29,054
Restricted cash, cash equivalents, and       1,902                9,658
short-term investments
Accounts receivable, less allowances (2013   212,946              180,631
– $4,645; 2012 – $5,249)
Other accounts receivable, less allowances   9,532                6,539
(2013 – $1,402; 2012 – $1,334)
Prepaid expenses                             15,980               17,355
Deferred income taxes                        47,038               39,245
Prepaid and refundable income taxes          2,186                5,681
Other                                        8,882                7,185
 TOTAL CURRENT ASSETS                      434,650              386,050
PROPERTY, PLANT AND EQUIPMENT
Land and structures                          245,207              243,699
Revenue equipment                            591,367              589,729
Service, office, and other equipment         122,057              119,456
Software                                     109,111              103,164
Leasehold improvements                       23,524               23,272
                                             1,091,266            1,079,320
Less allowances for depreciation and         691,730              635,292
amortization
                                             399,536              444,028
GOODWILL                                     76,448               73,189
INTANGIBLE ASSETS, NET                       76,431               79,561
OTHER ASSETS                                 51,058               51,634
                                           $ 1,038,123         $  1,034,462
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Bank overdraft and drafts payable          $ 11,645            $  13,645
Accounts payable                             95,609               84,292
Income taxes payable                         2,868                59
Accrued expenses                             181,197              158,668
Current portion of long-term debt            35,353               43,044
 TOTAL CURRENT LIABILITIES                 326,672              299,708
LONG-TERM DEBT, less current portion         88,893               112,941
PENSION AND POSTRETIREMENT LIABILITIES       38,040               104,673
OTHER LIABILITIES                            13,560               12,832
DEFERRED INCOME TAXES                        71,275               45,309
STOCKHOLDERS' EQUITY
Common stock, $0.01 par value, authorized
70,000,000 shares;
                                             274                  273
 issued 2013: 27,408,046 shares; 2012:
27,296,285 shares
Additional paid-in-capital                   291,445              289,711
Retained earnings                            287,204              284,157
Treasury stock, at cost, 1,677,932 shares    (57,770)             (57,770)
Accumulated other comprehensive loss         (21,470)             (57,372)
 TOTAL STOCKHOLDERS' EQUITY                499,683              458,999
                                           $ 1,038,123         $  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
                                            Nine Months Ended

                                            September 30
                                            2013                2012
                                            (Unaudited)
                                            ($ thousands)
OPERATING ACTIVITIES
Net income                                  $ 5,465             $  197
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization                 64,439               62,772
Amortization of intangibles                   3,130                1,218
Pension settlement expense                    1,834                –
Share-based compensation expense              3,579                4,711
Provision for losses on accounts receivable   1,658                1,314
Deferred income tax benefit                   (5,770)              (3,795)
Gain on sale of property and equipment        (486)                (582)
Changes in operating assets and
liabilities:
 Receivables                                (36,513)             (28,956)
 Prepaid expenses                           1,768                2,940
 Other assets                               (1,557)              (591)
 Income taxes                               6,868                938
Accounts payable, accrued expenses, and    21,836               7,942
other liabilities^(1)
NET CASH PROVIDED BY OPERATING ACTIVITIES     66,251               48,108
INVESTING ACTIVITIES
Purchases of property, plant, and             (13,078)             (31,923)
equipment, net of financings
Proceeds from sale of property and            1,857                5,126
equipment
Purchases of short-term investments           (21,230)             (38,708)
Proceeds from sale of short-term              21,713               25,018
investments
Business acquisition, net of cash             (4,146)              (180,793)
acquired^(2)
Capitalization of internally developed        (5,959)              (5,379)
software and other
NET CASH USED IN INVESTING ACTIVITIES         (20,843)             (226,659)
FINANCING ACTIVITIES
Borrowing under credit facilities             –                    100,000
Repayments on long-term debt                  (31,775)             (22,606)
Net change in bank overdraft and other        (2,002)              (7,808)
Change in restricted cash, cash               7,757                42,895
equivalents, and short-term investments
Deferred financing costs                      (61)                 (1,472)
Payment of common stock dividends             (2,418)              (2,412)
NET CASH PROVIDED BY (USED IN) FINANCING      (28,499)             108,597
ACTIVITIES
NET INCREASE (DECREASE) IN CASH AND CASH      16,909               (69,954)
EQUIVALENTS
Cash and cash equivalents at beginning of     90,702               141,295
period
CASH AND CASH EQUIVALENTS AT END OF PERIOD  $ 107,611           $  71,341
NONCASH INVESTING ACTIVITIES
Accruals for equipment received             $ 264               $  34
Equipment financed                          $ 36                $  37,973

                                                    2013 and 2012 were
                                                    impacted by $17.8 million
                                                    and $18.0 million,
(1)                                                 respectively, in
                                                    contributions made to the
                                                    Company's nonunion
                                                    defined benefit pension
                                                    plan.
                                                    During second quarter
                                                    2013, the Company
                                                    acquired a privately-held
(2)                                                 logistics business that
                                                    has been reported within
                                                    the Household Goods
                                                    Moving Services segment.



ARKANSAS BEST CORPORATION

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

                        September 30             September 30
                        2013         2012        2013             2012
                        (Unaudited)
                        ($ thousands, except per share data)
ARKANSAS BEST CORPORATION – CONSOLIDATED
Net Income (Loss)
Amounts on a GAAP basis $ 13,982    $ 6,518       $  5,465         $  197
Tax benefits^(1)          (550)       (396)          (766)            (3,729)
Transaction costs,        –           –              –                1,294
after-tax^(2)
Pension settlement        1,115       –              1,115            –
expense, after-tax^(3)
Non-GAAP amounts        $ 14,547    $ 6,122       $  5,814         $  (2,238)
Diluted Earnings (Loss)
Per Share
Amounts on a GAAP basis $ 0.52      $ 0.24        $  0.20          $  –
Tax benefits^(1)          (0.02)      (0.02)         (0.03)           (0.15)
Transaction costs,        –           –              –                0.05
after-tax^(2)
Pension settlement        0.04        –              0.04             –
expense, after-tax^(3)
Non-GAAP amounts        $ 0.54      $ 0.22        $  0.21          $  (0.10)
ARKANSAS BEST CORPORATION – CONSOLIDATED
Earnings Before
Interest, Taxes,
Depreciation
 and Amortization
Net income              $ 13,982    $ 6,518       $  5,465         $  197
Interest expense          993         1,609          3,279            3,863
Income tax provision      7,022       5,258          101              (4,873)
(benefit)
Depreciation and          21,569      23,820         67,569           63,990
amortization
Amortization of
share-based               1,095       1,369          3,579            4,711
compensation
Amortization of
actuarial losses and      2,994       2,846          8,818            8,539
pension settlement
expense
EBITDA                    47,655      41,420         88,811           76,427
Transaction costs,        –           –              –                2,129
pre-tax^(2)
Adjusted EBITDA         $ 47,655    $ 41,420      $  88,811        $  78,556

                                                                  Tax benefit
                                                                  adjustments
                                                                  related to
(1)                                                               deferred
                                                                  tax asset
                                                                  valuation
                                                                  allowances.
                                                                  Transaction
                                                                  costs
                                                                  associated
                                                                  with the
                                                                  June 15,
(2)                                                               2012
                                                                  acquisition
                                                                  of Panther
                                                                  Expedited
                                                                  Services,
                                                                  Inc.
                                                                  Settlement
                                                                  expense
                                                                  related to
                                                                  the
                                                                  Company's
                                                                  nonunion
(3)                                                               defined
                                                                  benefit
                                                                  pension
                                                                  plan which
                                                                  was frozen
                                                                  effective
                                                                  July 1,
                                                                  2013.
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
                September 30                         September 30
                2013
                                                     2012
                Operating Depreciation               Operating Depreciation
                Income    and          EBITDA        Income    and          EBITDA
                          Amortization                         Amortization
Premium
Logistics &
Expedited       $  3,102  $  2,665     $ 5,767       $  804    $      2,491 $  3,295
Freight
Services^(1)
Domestic &
Global             541       171         712            671           91       762
Transportation
Management
Emergency &
Preventative       845       138         983            872           124      996
Maintenance
Household Goods    1,835     354         2,189          1,425         169      1,594
Moving Services
Total
non-asset-based $  6,323  $  3,328     $ 9,651       $  3,772  $      2,875 $  6,647
segments
                Nine Months Ended                    Nine Months Ended

                September 30                         September 30

                2013                                 2012
                Operating Depreciation               Operating Depreciation
                          and          EBITDA        Income    and          EBITDA
                Income    Amortization                         Amortization
Premium
Logistics &
Expedited       $  3,745  $  7,809     $ 11,554      $  1,284  $      2,965 $  4,249
Freight
Services^(1)
Domestic &
Global             1,564     449         2,013          1,657         245      1,902
Transportation
Management
Emergency &
Preventative       2,367     400         2,767          1,430         373      1,803
Maintenance
Household Goods    2,552     880         3,432          798           527      1,325
Moving Services
Total
non-asset-based $  10,228 $  9,538     $ 19,766      $  5,169  $      4,110 $  9,279
segments

                                                         Depreciation and
                                                         amortization consists
                                                         primarily of
                                                         amortization of
                                                         intangibles,
                                                         including customer
                                                         relationships and
                                                         software, which were
                                                         acquired in
(1)                                                      conjunction with the
                                                         purchase of Panther
                                                         Expedited Services,
                                                         Inc. on June 15,
                                                         2012. Amounts for the
                                                         nine months ended
                                                         September 30, 2012
                                                         reflect the period
                                                         from the date of
                                                         acquisition, June 15,
                                                         to September 30.



ARKANSAS BEST CORPORATION

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

                 September 30                         September 30
                 2013             2012                2013                   2012
                 (Unaudited)

                 ($ thousands)
OPERATING
REVENUES
Freight          $ 471,031        $ 450,156           $  1,325,062           $  1,287,020
Transportation


Premium
Logistics &        65,851           60,445               179,533                71,280
Expedited

 Freight
Services^(1)
Domestic &
Global
Transportation     28,669           17,342               74,554                 44,954

 Management
Emergency &
Preventative       37,047           32,785               102,504                85,264

 Maintenance
Household Goods
Moving             30,530           25,702               65,358                 61,233
 Services
Total
non-asset-based    162,097          136,274              421,949                262,731
segments
Other revenues     (9,714)          (8,884)              (26,012)               (20,795)
and eliminations
Total
consolidated     $ 623,414        $ 577,546           $  1,720,999           $  1,528,956
 operating
revenues
OPERATING EXPENSES AND COSTS
Freight Transportation
Salaries, wages, $ 276,683 58.7%  $ 272,102 60.4%     $  816,502   61.6%     $  806,158   62.6%
and benefits
Fuel, supplies,    84,714  18.0     83,777  18.6         250,486   18.9         247,113   19.2
and expenses
Operating taxes    10,864  2.3      10,890  2.4          32,793    2.5          32,514    2.5
and licenses
Insurance          6,858   1.5      4,942   1.1          17,410    1.3          15,408    1.2
Communications     3,724   0.8      3,811   0.8          11,535    0.9          11,069    0.9
and utilities
Depreciation and   17,621  3.7      20,366  4.5          56,162    4.2          58,403    4.5
amortization
Rents and
purchased          50,507  10.7     44,015  9.8          133,236   10.1         116,912   9.1
transportation
Gain on sale of
property           (93)    –        (65)    –            (487)     –            (578)     –

 and equipment
Pension
settlement         1,612   0.3      –       –            1,612     0.1          –         –
expense
Other              1,325   0.3      1,841   0.5          5,649     0.4          5,781     0.4
                   453,815 96.3%    441,679 98.1%        1,324,898 100.0%       1,292,780 100.4%
Premium Logistics &
Expedited

Freight Services^(1)
Purchased        $ 50,220  76.3%  $ 46,260  76.5%     $  137,489   76.6%     $  54,507    76.5%
transportation
Depreciation and   2,665   4.0      2,491   4.1          7,809     4.3          2,965     4.2
amortization^(1)
Salaries,
benefits,
insurance,         9,864   15.0     10,890  18.1         30,490    17.0         12,524    17.5

 and other
                   62,749  95.3%    59,641  98.7%        175,788   97.9%        69,996    98.2%
Domestic &
Global
Transportation     28,128           16,671               72,990                 43,297

 Management
Emergency &
Preventative       36,202           31,913               100,137                83,834

 Maintenance
Household Goods
Moving             28,695           24,277               62,806                 60,435
 Services
Total
non-asset-based    155,774          132,502              411,721                257,562
segments
Other expenses     (6,677)          (8,868)              (21,188)               (17,833)
and eliminations
Total
consolidated
operating        $ 602,912        $ 565,313           $  1,715,431           $  1,532,509

 expenses and
costs

                                                         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,
(1)                                                      Inc. on June 15,
                                                         2012. Amounts for the
                                                         nine months ended
                                                         September 30, 2012
                                                         reflect the period
                                                         from the date of
                                                         acquisition, June 15,
                                                         to September 30.

                                                         Note: See the
                                                         following page for
                                                         description of
                                                         segments.



ARKANSAS BEST CORPORATION

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

                 September 30                     September 30
                 2013           2012              2013                 2012
                 (Unaudited)

                 ($ thousands)
OPERATING INCOME
(LOSS)
Freight          $ 17,216       $ 8,477           $  164               $  (5,760)
Transportation


Premium
Logistics &        3,102          804                3,745                1,284
Expedited
 Freight
Services
Domestic &
Global
Transportation     541            671                1,564                1,657

 Management
Emergency &
Preventative       845            872                2,367                1,430

 Maintenance
Household Goods
Moving             1,835          1,425              2,552                798
 Services
Total
non-asset-based    6,323          3,772              10,228               5,169
segments
Other income
(loss) and         (3,037)        (16)               (4,824)              (2,962)

eliminations^(1)
Total
consolidated     $ 20,502       $ 12,233          $  5,568             $  (3,553)
operating
 income (loss)

                                                                 Other income
                                                                 (loss) and
                                                                 eliminations
                                                                 for 2013
                                                                 includes a
                                                                 $1.4 million
                                                                 reserve
                                                                 adjustment
(1)                                                              related to
                                                                 workers'
                                                                 compensations
                                                                 claims
                                                                 associated
                                                                 with an
                                                                 insolvent
                                                                 insurance
                                                                 carrier.




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.
  oDomestic & Global Transportation Management includes the company's
    transportation brokerage services, ocean container transport, and
    warehousing services operating as ABF Logistics.
  oEmergency & 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 the Domestic & Global
Transportation Management segment. There was no impact on consolidated amounts
as a result of these reclassifications.



ARKANSAS BEST CORPORATION

OPERATING STATISTICS
                                              Three Months Ended              Nine Months Ended
                                              September 30                    September 30
                                              2013        2012      %         2013        2012      %
                                                                    Change                          Change
                                            (Unaudited)
Freight Transportation ^(1)
Workdays                                      63.5        63.0                190.0       190.5
Billed Revenue ^(2) / CWT        $ 28.67     $ 28.46     0.7%    $ 27.78     $ 27.92     (0.5)%
Billed Revenue ^(2) / Shipment          $ 390.44    $ 391.47    (0.3)%  $ 381.11    $ 378.21    0.8%
Shipments   1,201,981   1,141,168 5.3%      3,488,337   3,410,012 2.3%
Shipments / Day                               18,929      18,114    4.5%      18,360      17,900    2.6%
Tonnage (tons)     818,471     784,713   4.3%      2,393,055   2,309,390 3.6%
Tons / Day                                    12,889      12,456    3.5%      12,595      12,123    3.9%

           Based on the previously described reclassifications that have been
           made to the prior year's operating segment data and statistics to
(1)        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.
           Billed Revenue does not include revenue deferral required for
(2)        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: (479) 719-4358



SOURCE Arkansas Best Corporation

Website: http://www.arkbest.com
 
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