ABF Reports 2006 Operating Ratio of 92.5
(Fort Smith, Arkansas, January 24, 2007) — Arkansas Best Corporation (Nasdaq: ABFS) today announced fourth quarter 2006 income from continuing operations of $14.2 million, or $0.56 per diluted common share, compared to $29.5 million, or $1.15 per diluted common share in the fourth quarter of 2005. Arkansas Best’s revenue during the fourth quarter of 2006 was $449.0 million, a per-day decrease of 3.9% compared to the fourth quarter of 2005.
“Despite a challenging economic environment in the last few months of the year, Arkansas Best closed the year with a strong financial position, and ABF generated its fifth best yearly operating ratio since the industry was deregulated in 1980,” said Robert A. Davidson, Arkansas Best President and Chief Executive Officer.
