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May 23, 2015 6:40 AM ET

Road and Rail

Company Overview of ABF Freight System, Inc.

Company Overview

ABF Freight System, Inc. provides less-than-truck load freight shipping services. The company provides general commodities transportation services. The company's freight shipping services include ReloCube, portable moving and storage containers; ABF TruckPack, shipping boxes fit on a standard pallet; Flatbed Delivery Service for shipments such as commercial heating and air conditioning units, electrical transformers, oil, gas, and petrochemical equipment, steel and metal raw materials; and construction site supplies and equipment; and Retail Shipping Services. The company was formerly known as Arkansas-Best Freight System, Inc. and changed its name to ABF Freight System, Inc. in July 2007. T...

3801 Old Greenwood Road

Fort Smith, AR 72903

United States

Founded in 1923

Phone:

479-785-8900

Fax:

479-785-8701

Key Executives for ABF Freight System, Inc.

President
Age: 52
Chief Financial Officer and Senior Vice President
Age: 67
Senior Vice President of Operations
Chief Executive Officer of Arcbest Corporation and President of Arcbest Corporation
Age: 51
Vice President of Administration and Treasurer
Compensation as of Fiscal Year 2014.

ABF Freight System, Inc. Key Developments

ABF Freight Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

ABF Freight announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $441,207,000 against $428,871,000 a year ago. Operating income was $43,000 against operating loss of $12,184,000 a year ago. Non-GAAP operating income was $883,000 against non-GAAP operating loss of $9,294,000 a year ago.

ABF Freight Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

ABF Freight announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. ABF Freight's revenue was $485.9 million, an 11% increase over fourth quarter 2013 revenue of $436.7 million. Operating income increased to $14.7 million from $9.9 million in fourth quarter 2013. Excluding adjustments for certain other items, operating income increased to $15.8 million from $7.7 million in fourth quarter 2013. For 2014, revenue was $1.9 billion, a 10% increase over $1.8 billion in 2013. ABF Freight's profitability improved as a result of its November 2013 union labor contract that reduced expenses and allowed ABF Freight to be more cost competitive with its LTL industry peers. ABF Freight's 2014 adjusted operating income increased to $55.4 million versus $11.9 million in 2013.

ABF Freight System, Inc. Announces Management Changes

ArcBest Corporation announced that Roy M. Slagle, ABF Freight System, Inc. President and Chief Executive Officer, has retired as of October 15, after 37 years of service with the company. Slagle is being succeeded as ABF Freight President by Tim Thorne, who most recently served as VP - Linehaul Operations, effective immediately. A 24-year veteran of ABF Freight, Thorne brings a strong background in operations and field management to help lead the company into its next era of success. Prior to becoming president of ABF Freight, Slagle served as Senior Vice President of Sales and Marketing of ABF Freight. He also served as Vice President - Administration and Treasurer, Vice President and Treasurer, and Regional Vice President of Sales. His early years with the company included a variety of field operations positions in Ohio and Pennsylvania. Thorne joined ABF Freight in Orlando, Florida, in 1990 after serving as a captain in the U.S. Army. He managed several branches including Florence and Decatur, Alabama; Nashville, Tennessee; and Carlisle, Pennsylvania. Until 2013 he was Regional Vice President of Operations based in the Salt Lake City, Utah area.

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