Arkansas Best loss tied to union contract

North America

Thursday, January 31, 2013

Arkansas Best turned in a net loss of $7.9 million in the fourth quarter, a swift change from 2011’s fourth-quarter net income of $1.4 million. The fourth-quarter loss was primarily driven by $2.4 million related to a workers’ compensation increase. This loss emerged despite a fourth quarter revenue of $537 million, a significant increase over 2011’s fourth-quarter total of $463.2 million. Big drivers of revenue included Arkansas’ acquisition of Panther Expedited Servi...

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