ABF | Arkansas Best agrees to sell Clipper Exxpress

Docksteward

Teamsters Local 71
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FORT SMITH, Ark. — Arkansas Best Corp., a transportation holding company whose largest subsidiary is ABF Freight System Inc., on May 9 reached an agreement in principle to sell its non-asset based intermodal marketing unit Clipper Exxpress for approximately $20 million. The buyer is Bluenose Holdings Inc., a division of Wheels Group, of Mississauga, Ontario. The agreement is subject to the negotiation of definitive terms and to the arrangement of financing, according David Humphrey, Arkansas Best’s director of investor relations. The Trucker
 
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