January 24, 2017 7:31 PM 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. Its 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 1980. The company...

3801 Old Greenwood Road

P.O. Box 10048

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: 54
Chief Financial Officer and Senior Vice President
Age: 69
Senior Vice President of Operations
Chief Executive Officer and President of Arcbest Corporation
Age: 53
Vice President of Administration and Treasurer
Compensation as of Fiscal Year 2016.

ABF Freight System, Inc. Key Developments

ABF Freight Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2016

ABF Freight announced unaudited earnings and operating results for the first quarter ended March 31, 2016. For the quarter, revenue of $439.5 million compared to $441.2 million in first quarter 2015, a per-day decrease of 2.0%. ABF Freight’s revenue comparison was impacted by lower fuel surcharges attributable to the significant year-over-year decrease in diesel fuel prices. An operating loss of $9.0 million and an operating ratio of 102.1% compared to breakeven operating income in first quarter 2015 with operating profit of $0.043 million. Excluding adjustments for nonunion pension settlement charges, an operating loss of $8.3 million against income of $0.883 million a year ago. In addition to the fuel impact, ABF Freight’s first quarter revenue decline was due to reduced freight tonnage levels associated with weak U.S. manufacturing; high customer inventory levels and excess industry capacity available to move larger-sized shipments. For the quarter, the company reported total workdays were 63.5 against 62.5 a year ago. Billed revenue per CWT was $27.72 against $28.06 a year ago. Billed revenue per shipment was $356.25 against $372.56 a year ago. Shipments were 1,236,323 against 1,188,797 a year ago. Shipments per day were 19,470 against 19,021 a year ago. Tonnage was 794,472 tones against 7898,331 tones a year ago. Tons per day were 12,511 against 12,619 a year ago.

ABF Freight System, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

ABF Freight System, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of $511,346,000 compared to $523,351,000 a year ago. Operating income was $26,577,000 compared to $24,737,000 a year ago. Non-GAAP operating income was $27,419,000 compared to $25,364,000 a year ago. For the nine months, the company reported revenue of $1,456,924,000 compared to $1,445,079,000 a year ago. Operating income was $54,711,000 compared to $35,389,000 a year ago. Non-GAAP operating income was $56,571,000 compared to $39,613,000 a year ago.

ABF Freight Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

ABF Freight announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $504,371,000 against $492,857,000 a year ago. Operating income was $28,092,000 against $22,835,000 a year ago. Non-GAAP operating income was $28,540,000 against $23,543,000 a year ago. For the six months, the company reported revenues of $945,578,000 against $921,728,000 a year ago. Operating income was $28,135,000 against $10,653,000 a year ago. Non-GAAP operating income was $29,423,000 against $14,251,000 a year ago.

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