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A recent report from Fitch Ratings suggests a lawsuit filed by Fort Smith-based ABF Freight System holds the potential to bankrupt financially-troubled YRCW — the largest less-than-truckload carrier in the U.S. and ABF’s primary competitor.
On Nov. 1, the management at Fort Smith-based Arkansas Best Corp. decided to seek up to $750 million in financial damages from alleged violations of a National Master Freight Agreement (NMFA) by the International Brotherhood of Teamsters and others. The lawsuit was dismissed Dec. 16 by U.S. District Court Judge Susan Webber Wright, and the company on Jan. 19 filed an appeal with the U.S. Court of Appeals in St. Louis...............
ABF competitor on the financial ropes | The City Wire
On Nov. 1, the management at Fort Smith-based Arkansas Best Corp. decided to seek up to $750 million in financial damages from alleged violations of a National Master Freight Agreement (NMFA) by the International Brotherhood of Teamsters and others. The lawsuit was dismissed Dec. 16 by U.S. District Court Judge Susan Webber Wright, and the company on Jan. 19 filed an appeal with the U.S. Court of Appeals in St. Louis...............
ABF competitor on the financial ropes | The City Wire