May 24, 2018 12:45 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. 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: 55
Chief Financial Officer and Senior Vice President
Age: 70
Chief Executive Officer and President of Arcbest Corporation
Age: 54
Vice President of Administration and Treasurer
Comptroller
Compensation as of Fiscal Year 2017.

ABF Freight System, Inc. Key Developments

ABF Freight System, Inc Ratifies National Collective Bargaining Agreement

On May 11, 2018, ArcBest® provided an update announcing that its ABF Freight System, Inc., (“ABF”) employees represented by the International Brotherhood of Teamsters (“IBT”), have ratified ABF’s national collective bargaining agreement that will be in effect through June 30, 2023.

ABF Freight System, Inc. Reaches a Tentative Agreement on a Labor Contract with the Teamsters National Freight Industry Negotiating Committee

ABF Freight System, Inc. reached a tentative agreement on a labor contract with the Teamsters National Freight Industry Negotiating Committee, the negotiating arm of the International Brotherhood of Teamsters. Major economic provisions of the agreement include: restoration of a vacation week on anniversary dates that begin on or after April 1, with the new vacation eligibility schedule being the same as the applicable 2008-2013 supplemental agreements; wage increases in each year of the contract, beginning in July 1, 2018; A $1000 ratification bonus for full-time active employees and $500 for qualifying casual employees, payable within 30 days of ratification; contributions to multiemployer pension plans at current rates for each fund;               continuation of your existing health coverage at no cost to you; changes to purchased transportation provisions which will provide greater red circle protections;                  profit-sharing bonuses with Operating Ratios under 96.0; and a 63-month contract term from April 1, 2018 to June 30, 2023. Ratification of this beneficial agreement for both parties will allow ABF to continue serving its customers with the excellent experience they expect and provide additional opportunities for the company to grow. Employees will continue to have the best-compensated jobs in the industry.

ABF Freight System, Inc. Reaches Tentative Agreement on Labor Contract with the Teamsters National Freight Industry Negotiating Committee

ABF Freight System, Inc. has reached a tentative agreement on a labor contract with the Teamsters National Freight Industry Negotiating Committee, the negotiating arm of the International Brotherhood of Teamsters (IBT). The company reached a tentative agreement on a new collective bargaining agreement with the Teamsters negotiating team. The agreement is subject to the usual ratification process. The Teamsters announced that local unions representing ABF members will meet in the next two weeks to review the tentative agreement and approve sending it out for a membership ratification vote. As the ratification process occurs, the parties have agreed to extend the current contract, which expires on March 31.

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Recent Private Companies Transactions

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