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ABF | Arkansas Best seeks space, subsidiary growth

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R-14Driver

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About 50 Arkansas Best employees will in a few months move into the former Best Buy building fronting Interstate 540 in Fort Smith as part of a move to create more space for the company’s growing “non-asset” based business. “Non-asset” is a fancy term for the company’s subsidiaries not related to the operation of ABF Freight System, the largest subsidiary of Fort Smith-based Arkansas Best Corp. ABF was responsible for $1.73 billion of the $1.907 billion in revenue Arkansas Best posted during 2011. The company, which owns one of the largest less-than-truckload carriers in the U.S., posted 2011 net of $6.159 million, a huge swing from the $32.693 million loss during 2010. The 2011 financials marked the end of two consecutive years of income losses. Company officials hope to build on the recent gains by boosting revenue on the non-asset side of the house. Part of that effort involves providing more space for the growing special services logistics division of the company, a division that includes subsidiaries Albert Companies, and Moving Solutions. The two companies “provide services to the consumer, corporate, and military household goods moving market,” according to Arkansas Best literature......................

Arkansas Best seeks space, subsidiary growth | Business, Political, and Cultural News in Fort Smith and Northwest Arkansas
 
R-14Driver said:
About 50 Arkansas Best employees will in a few months move into the former Best Buy building fronting Interstate 540 in Fort Smith as part of a move to create more space for the company’s growing “non-asset” based business. “Non-asset” is a fancy term for the company’s subsidiaries not related to the operation of ABF Freight System, the largest subsidiary of Fort Smith-based Arkansas Best Corp. ABF was responsible for $1.73 billion of the $1.907 billion in revenue Arkansas Best posted during 2011. The company, which owns one of the largest less-than-truckload carriers in the U.S., posted 2011 net of $6.159 million, a huge swing from the $32.693 million loss during 2010. The 2011 financials marked the end of two consecutive years of income losses. Company officials hope to build on the recent gains by boosting revenue on the non-asset side of the house. Part of that effort involves providing more space for the growing special services logistics division of the company, a division that includes subsidiaries Albert Companies, and Moving Solutions. The two companies “provide services to the consumer, corporate, and military household goods moving market,” according to Arkansas Best literature......................

Arkansas Best seeks space, subsidiary growth | Business, Political, and Cultural News in Fort Smith and Northwest Arkansas
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R-14Driver It is post like these that help when the time comes to make informed decisions. Thanks YOUR BROTHER ALWAYS!
 
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