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This is a partial transcript from ABF earnings conference call. Glad to see my vacation helped with the share price. Makes me feel all warm and fuzzy inside.
There are 3 items included here: First, a positive adjustment to ABF Freight's union vacation liability, associated with the initial wage rate reduction and a one week reduction in annual compensated union vacation eligibility contained in the ABF National Master Freight Agreement. The labor contract was implemented on November 3 of last year and its vacation adjustment was for amounts previously expensed, but not paid in prior periods going back to April 1, 2013. This adjustment equated to $0.06 per share.
There are 3 items included here: First, a positive adjustment to ABF Freight's union vacation liability, associated with the initial wage rate reduction and a one week reduction in annual compensated union vacation eligibility contained in the ABF National Master Freight Agreement. The labor contract was implemented on November 3 of last year and its vacation adjustment was for amounts previously expensed, but not paid in prior periods going back to April 1, 2013. This adjustment equated to $0.06 per share.