Arkansas Best Lost $5.6 Million

CEO Davidson to retire at year end

Less than truckload carrier Arkansas Best Corporation lost $5.6 million in the third quarter, compared to net income of $15.4 million a year ago.
"Our third quarter results reflect the on-going impact of lower freight levels and competitive industry pricing that deteriorated further compared to the first half of the year," said CEO Robert A. Davidson.
"We are now entering the fourth year of a severe freight decline that is unprecedented in our company's history. It is unclear when business levels will benefit from a significant improvement in our nation's economy. In the meantime, our company's emphasis will remain on providing a high level of value-added service to our customers while managing our business, for the long-term, through diligent cost control and disciplined pricing,” Davidson said.
Arkansas Best Lost $5.6 Million | Journal of Commerce

Some Trucking Companies also had a BIG bounce

ABFS--
Arkansas Best: Lower freight levels behind 3Q loss - Yahoo! Finance
Arkansas Best: Lower freight levels behind 3Q loss - Yahoo! Finance
Arkansas Best Corporation Announces Third Quarter 2009 Results - Yahoo! Finance
Arkansas Best Corporation CEO Robert A. Davidson to Retire; Judy R. McReynolds Named His Successor - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
Arkansas Best swings to loss; CEO will retire - MarketWatch
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Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance
Arkansas Best CEO to retire - Yahoo! Finance

Some Trucking Companies also had a BIG bounce

I understand ABF posted a loss but, Where did the dividend of $0.15 per share come from. I fiqure that is equal to $3,750,000.This was declared on 10/20, this is payable Nov 15th, and is based on 25million shares. So if they can pay stock holders a dividend, the company can afford to continue our wages at the current rate. I for one have no problem freezing our wages for the balance of the contract, but do not feeling comfortable giving back!................Again this is just my thought at this time

Who is this lady that is taking over the horns, anybody know.

Another bean counter

Arkansas Best Corp. Q3 2009 Earnings Call Transcript

Presentation

Judy McReynolds


…to prudently manage our cost structure and to seek to preserve our traditional emphasis on disciplined pricing and individual account profitability. Throughout the current recession ABF has focused on providing a high level of overall service to our customers and that focus continues today.

Later Bob will give his thoughts and perspective on our recent performance but now I'll cover the details of our results for the third quarter of 2009. Our third quarter 2009 revenue was $399 million representing a decrease of about 20% per day compared to last year.
Arkansas Best Corp. Q3 2009 Earnings Call Transcript -- Seeking Alpha

Some Trucking Companies also had a BIG bounce