Arkansas Best Corporation Announces Third Quarter 2012 Results
- Net income of $6.5 million
- Diluted earnings per share of $0.24
- Panther Expedited Services enhances corporate service opportunities
- ABF labor contract negotiations to begin in December
FORT SMITH, Ark., Nov. 1, 2012 /PRNewswire/ -- Arkansas Best Corporation (ABFS) today announced third quarter 2012 net income of $6.5 million, or $0.24 per share, compared with net income of $12.3 million, or $0.46 per share, in the third quarter of 2011.
"Arkansas Best's results reflect weakness in the economy that contributed to reduced customer business levels and lower profitability at ABF. The slowing business environment also reduced the demand for expedited services at Panther," said Arkansas Best President and CEO Judy R. McReynolds. "However, at our emerging non-asset-based companies, we are encouraged by the continuation of strong revenue and improving profitability trends in the midst of a tenuous economy." .................
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
