ABF | ArcBest Misses by 20 cents on earnings

:1036316054:
And I thought that was Rod Blagojevich :shrug:
The one that sounds like a Russian sneeze? Nah, he went to jail........

And that Bruce Rauner, ......he's not the governor that poisoned the water supply...... That was Snyder in Michigan........
 
Just goes to show that if you got the time to sit behind a desk and twiddle your thumbs because you don't have any real work to do,......then you got the time to plot and plan and scheme your way into a higher salary.

Those of us with real work to do flat out just ain't got the time to plot or scheme anything..........We got Work to do, and little time to do it in.......

You always wonder how these parasites get such big salaries..... Well, you give me a warm office, a taxpayer-financed computer, and about six hours of no real responsibilities, and I'll show you how to "prove" to your higher-ups that you are worth much more than they are originally paying you..........

Right after my nap.......
That's a real marketable talent that is not as easy as it looks. And it has a trickle down effect on me. It now takes an extra 30 minutes to make a delivery because of these fine folks. Sing in, prove you are breathing, don't leave the cage, get forgot about, hand them the handheld that decides to reboot, ask for a fax number, try to call the office, wait, wait, wait, call the office again, ask them to check fax machine, go back in and try to find someone to unlock trailer, pull out and check door, fall off icy trailer, get 6 weeks workman's comp. Used to take less that 5 minutes. Now its an ordeal.
 
- Fourth quarter 2015 net income was $5.0 million, or $0.19 per diluted share. Excluding certain identified items, fourth quarter 2015 net income was $0.21 per diluted share.
- Fourth quarter 2015 ABF Freight® revenue and operating margin were below 2014, due to reduced business levels resulting from a sluggish freight economy and lower fuel surcharge revenue.
- Fourth quarter 2015 revenue at ArcBest's asset-light logistics businesses was $198.3 million, an increase of 6 percent over the previous year.
- Full year 2015 revenue at ArcBest Corporation of $2.7 billion.
- ArcBest's full year 2015 operating income increased 9 percent to $75.5 million.


ArcBest's revenue was $648.1 million compared to revenue of $664.8 million in the fourth quarter of 2014, a decrease of 2.5 percent. Net income was $5.0 million, or $0.19 per diluted share compared to fourth quarter 2014 net income of $14.5 million, or $0.53 per diluted share. As shown in the attached reconciliation tables, both of these periods were impacted by favorable effective tax rates and adjustments for certain other items. On an adjusted basis, ArcBest's fourth quarter 2015 net income was $5.5 million, or $0.21 per diluted share compared to fourth quarter 2014 net income of $11.9 million, or $0.44 per diluted share.




    • Revenue of $461.5 million compared to $485.9 million in fourth quarter 2014, a decrease of 5.0 percent. ABF Freight's fourth quarter 2015 revenue was impacted by lower fuel surcharges.
    • Tonnage per day decrease of 4.9 percent versus fourth quarter 2014.
    • Total billed revenue per hundredweight decreased 1.1 percent compared to the prior year which included the impact of lower fuel surcharges in 2015. Excluding fuel surcharge, the percentage increase on ABF Freight's traditional LTL freight was in the mid-single digits.
    • Operating income of $8.3 million and operating ratio of 98.2 percent excluding adjustments for pension settlement charges compared to similarly adjusted operating income of $15.8 million and an operating ratio of 96.8 percent in fourth quarter 2014.
ABF Freight's® fourth quarter operating margin was in-line with historical sequential changes from the third quarter. However, operating margins declined versus the prior year due to weak freight levels associated with U.S. manufacturing which in the fourth quarter contracted at levels not seen since 2009. Though the pricing environment has remained positive despite sluggish freight levels, ABF Freight's revenues were impacted by the significant reduction in diesel fuel prices that lowered fuel surcharge revenue and related costs. During the quarter, ABF Freight's continued emphasis on customer service led to challenges in aligning costs with the lower business levels.
Full year

  • Revenue of $1.9 billion, comparable to $1.9 billion in 2014. ABF Freight's 2015 revenue was impacted by lower fuel surcharges
  • Tonnage per day decrease of 1.5 percent versus 2014.
  • Total billed revenue per hundredweight increased 0.8 percent compared to the prior year reflecting the impact of lower fuel surcharges in 2015. Excluding fuel surcharge, the increase in total billed revenue per hundredweight was in the mid-single digits.
  • Operating income excluding adjustments for pension settlement charges increased 17 percent with an operating ratio of 96.6 percent compared to an operating ratio of 97.1 percent in 2014.
We're the corporate bonuses included in the operating ratio for this quarter?
 
I know a UPSF driver who's driving a million+er with a rebuilt engine in it. :idunno:

ABF usually sells tractors now that need major work that is not warranty instead of making repairs. Vendor flat rates are usually in excess of $100 per hour. The company has eliminated many maintenance positions to get away from union labor.
 
ABF usually sells tractors now that need major work that is not warranty instead of making repairs. Vendor flat rates are usually in excess of $100 per hour. The company has eliminated many maintenance positions to get away from union labor.
I can't see how they are saving money on this city junk when using vendors, ours has at least 2 trucks at all times with 2-4 more needing work...
 
You better look at the fact that 30+% of abf business has been handed off to other arcbest entities. Soon to be 50%... where was that discussed in your contract? Plus, PT? The heck with shares or bonuses.. layoffs have began.. wages,vacation, our pensions, change of op...we wont see another contract.
 
I think we'll see another contract. But.....the big question is: Who will be negotiating for us? All of us in Freight, UPS, UPS Freight, Carhaul,.....We all know that our current "leadership" has..........let me put this diplomatically, because I am giving them credit for being Union Brothers............the current "leadership" has .....uhhh.....lost their "focus" on how to negotiate good contracts.

In a time of growing Labor and qualified driver shortages,......that all of us at the coffee counter at truckstops have been aware of,...and talking about,.....for the last 5 years (at least),........why,....in the name of Beelzebub, .....did they negotiate a cut wage/ cut benefit contract? Why did the company have to use "tricks",....like "releasing" a potential buyout "offer", and using that......"offer"..... to terrorize a little more than half of us into accepting this cut-rate deal? Why didn't our..."leadership"....shut down negotiations completely until the validity of the so-called "buyout" could be proven?

Why did our...."leadership"....have to alter the IBT bylaws to prevent any more supplemental votes on the UPS contract, and thereby now have the language to accept any contract....WITHOUT A MEMBER VOTE.....if they feel that the contract offered by the company is in the "member's best interests"?

Why did they negotiate "bonus" language without also negotiating strict guidelines as to how the company accounts for their profits?

Why do they allow the company to make up words like "customer-facing" that aren't in the contract, that
allows the company to discriminate against certain groups of employees?

Why do they lackadaisically allow "contract creep"?......in which the company establishes practices which aren't specifically addressed in the contract, yet violate seniority.

Why does it take a year or more for a grievance to be heard? In the case of our Uniform grievances, I suspect everyone is dragging their feet until April. Isn't that the month that Cintas established the uniform contract with ABF? Does Cintas have a one year contract?

Why doesn't our...."leadership"....understand that in the face of a massive driver shortage,....we actually have the companies by the metaphysical throat, as it were. FedEx drivers have gotten at least five pay raises since we've ...."ratified"....our contract. ABF employees are the SECOND-LOWEST paid LTL drivers out there. YRC drivers are the lowest.

Why,....in the name of all the Holy Irish Saints,.....am I paying for my HAZ-MAT license? Why are they allowed to fire me if I refuse to take money out of my household and pay for a HAZ-MAT license, background check, and re-re-re-re-take my fingerprints,.....for an additional set of responsibilities and regulatory headaches,......and potential jail,.......so that my employer can advertise that "they" are a HAZ-MAT carrier. It's MY license,....I'm the HAZ-MAT carrier......

Convention's coming in June, guys. Who do you want negotiating your next contract? Sorry if I'm breaking your hearts , Gordon and Tyson,....but you guys certainly haven't done us any good. ABF upper management are wearing out their collective sleeves snickering into them,.......They really think they've tricked you guys into thinking this company was....."going under",....when in reality, they were looking for the capital to finance their foray into logistics,......and eventually, fewer and fewer Teamster jobs.....Keep on....."negotiating"....the way you've been,.....and 10 years from now, you can represent the 30 or so ABF teamsters that are left that the company will keep around as an anachronism,....and to say that they are a "Teamster" company........
 
ABF usually sells tractors now that need major work that is not warranty instead of making repairs. Vendor flat rates are usually in excess of $100 per hour. The company has eliminated many maintenance positions to get away from union labor.
Our local Vendor charges $45.00/hour on calls to the terminal. However starting soon...we will be using Fleet Net exclusively. Is or is not Arc Best somehow tied to, or invested in Fleet Net? Or is that rumor?
 
I think we'll see another contract. But.....the big question is: Who will be negotiating for us? All of us in Freight, UPS, UPS Freight, Carhaul,.....We all know that our current "leadership" has..........let me put this diplomatically, because I am giving them credit for being Union Brothers............the current "leadership" has .....uhhh.....lost their "focus" on how to negotiate good contracts.

In a time of growing Labor and qualified driver shortages,......that all of us at the coffee counter at truckstops have been aware of,...and talking about,.....for the last 5 years (at least),........why,....in the name of Beelzebub, .....did they negotiate a cut wage/ cut benefit contract? Why did the company have to use "tricks",....like "releasing" a potential buyout "offer", and using that......"offer"..... to terrorize a little more than half of us into accepting this cut-rate deal? Why didn't our..."leadership"....shut down negotiations completely until the validity of the so-called "buyout" could be proven?

Why did our...."leadership"....have to alter the IBT bylaws to prevent any more supplemental votes on the UPS contract, and thereby now have the language to accept any contract....WITHOUT A MEMBER VOTE.....if they feel that the contract offered by the company is in the "member's best interests"?

Why did they negotiate "bonus" language without also negotiating strict guidelines as to how the company accounts for their profits?

Why do they allow the company to make up words like "customer-facing" that aren't in the contract, that
allows the company to discriminate against certain groups of employees?

Why do they lackadaisically allow "contract creep"?......in which the company establishes practices which aren't specifically addressed in the contract, yet violate seniority.

Why does it take a year or more for a grievance to be heard? In the case of our Uniform grievances, I suspect everyone is dragging their feet until April. Isn't that the month that Cintas established the uniform contract with ABF? Does Cintas have a one year contract?

Why doesn't our...."leadership"....understand that in the face of a massive driver shortage,....we actually have the companies by the metaphysical throat, as it were. FedEx drivers have gotten at least five pay raises since we've ...."ratified"....our contract. ABF employees are the SECOND-LOWEST paid LTL drivers out there. YRC drivers are the lowest.

Why,....in the name of all the Holy Irish Saints,.....am I paying for my HAZ-MAT license? Why are they allowed to fire me if I refuse to take money out of my household and pay for a HAZ-MAT license, background check, and re-re-re-re-take my fingerprints,.....for an additional set of responsibilities and regulatory headaches,......and potential jail,.......so that my employer can advertise that "they" are a HAZ-MAT carrier. It's MY license,....I'm the HAZ-MAT carrier......

Convention's coming in June, guys. Who do you want negotiating your next contract? Sorry if I'm breaking your hearts , Gordon and Tyson,....but you guys certainly haven't done us any good. ABF upper management are wearing out their collective sleeves snickering into them,.......They really think they've tricked you guys into thinking this company was....."going under",....when in reality, they were looking for the capital to finance their foray into logistics,......and eventually, fewer and fewer Teamster jobs.....Keep on....."negotiating"....the way you've been,.....and 10 years from now, you can represent the 30 or so ABF teamsters that are left that the company will keep around as an anachronism,....and to say that they are a "Teamster" company........
I agree with your post however with all of that the true shame falls on the Rank & File for voting that contract in. Ultimately they work for us & we could've told ABF & the IBT NO,NO,NO and some did but not enough. If we the Labor, the guys who know the real deal can't convince our fellow workers to refuse it how do we convince the leadership what is just. They can only gives us what we accept it's on us to change this course
 
Our local Vendor charges $45.00/hour on calls to the terminal. However starting soon...we will be using Fleet Net exclusively. Is or is not Arc Best somehow tied to, or invested in Fleet Net? Or is that rumor?

Fleet net is a subsidiary of ARCBEST. It is a violation of the garage contract for the company to use a company owned vendor.
 
I can't see how they are saving money on this city junk when using vendors, ours has at least 2 trucks at all times with 2-4 more needing work...

I have seen supervisors spend $1000 in company funds to keep labor from getting $100. Tim Thorne who I like made mention a while back that the "us vs. them" mentality is detrimental to the company. I agree. Management however is not innocent when it comes to bad attitudes.
 
I agree with your post however with all of that the true shame falls on the Rank & File for voting that contract in. Ultimately they work for us & we could've told ABF & the IBT NO,NO,NO and some did but not enough. If we the Labor, the guys who know the real deal can't convince our fellow workers to refuse it how do we convince the leadership what is just. They can only gives us what we accept it's on us to change this course
Yes, there is a certain amount of responsibility upon each Union member to educate themselves to make an informed decision,.....but then you look at the last general election, where a good(bad) 100,000 of us did not bother to vote, or even care who won the election......Look at the Local Union elections,......Look at the regular monthly meeting with only 10% of the members routinely bothering to show up.

Unions are the only organization in the world that does NOT get to pick it's members............The employers do that for us,.......And,....I swear sometimes they pick us some real doozies..........

We have to make a point to educate the newest members of our Unions,........The generation that was told very little about Unions,.....because their Unionized high school teachers were barred ,....by law, in some states,....to teach Labor law. They also didn't teach the correlation between the First Amendment Right of Assembly, and how that eventually led to where corporations,....try as they might over the last 100 years,.....couldn't make it illegal to join a Union,...........but I'll bet a good bunch of those young people could recite the Second Amendment word-for-word............Why is the Second Amendment taught, and not the First Amendment? If the Second Amendment is more important, shouldn't it be the First?

We cannot turn our noses up at the uneducated among us......The reason so many were terrorized into accepting this putrid steaming saltwater swamp of a contract,......was because we got no effective leadership from the top. We got dead silence from the top when the rumor was released in a trucking trade paper that YRC had made an offer to buy ABF. Any Leader worth his salt,......and his Union card,.....would've immediately put negotiations on hold until it was proven that the offer was valid,.......or a stinking, slimy trick to scare employees into accepting a sub-standard contract........Dead Silence..........
 
We cannot turn our noses up at the uneducated among us......The reason so many were terrorized into accepting this putrid steaming saltwater swamp of a contract,......was because we got no effective leadership from the top. We got dead silence from the top when the rumor was released in a trucking trade paper that YRC had made an offer to buy ABF. Any Leader worth his salt,......and his Union card,.....would've immediately put negotiations on hold until it was proven that the offer was valid,.......or a stinking, slimy trick to scare employees into accepting a sub-standard contract........Dead Silence..........
And I wouldn't necessarily call them "uneducated". They were duped, scared and misled but being all of those does not necessarily equal uneducated.
 
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