I am giving you real facts based on the real numbers. If you look closely my numbers do not match what the company says it lost. But it also clearly shows our competition has completely recovered from the recession while ABF lost 7 million last year. We compete against these other companies and if ABF is not competitive, no one will be employed. This is the reality of the capitalism.
Fear is an emotion and anyone that makes a decision based on emotion is not making a good decision. My numbers are facts as are the trends in the LTL marketplace. Use the information to make the best decision for your self and your family!
You are NOT giving us the real numbers. Look at ABFS 2012 annual Report page 30. In 2008 revenue was $1,833,052,000 with income of $29,168,000. Fast forward to 2011 (after the huge down turn) and revenue was $1,907,609,000 with income of $6,159,000. In 2012 revenue was $2,065,999,000 and loss revenue -7,732,000. What happened? Oh, that right, the Panther $80,000,000 down payment. And, all this time paying dividends of over $3,000,000 per year. Let’s see, in 2012 ABFS lost $7 million, paid $80 million for Panther, and 3 million in dividends. And Judy and Roy received 3,000 and 3,100 shares respectively of ABFS stock for brokering the deal.