ArcBest News & Resources
Teamsters union overwhelmingly OKs strike vote against ArcBest LTL unit
May 25, 2023
The Teamsters union has come out guns blazing in the first of four separate negotiations with freight companies in the United States and Canada over the next year. In what is likely merely a negotiating ploy, the Teamsters negotiating committee said a strike authorization had been approved by members covered under ABF Freight’s National Master Freight Agreement (NMFA).
ArcBest introduces new technology offering focused on freight movement visibility
March 3, 2023
platform, which is focused on modernizing and transforming how freight is loaded, unloaded, and transferred. Entitled Vaux, ArcBest said that through this platform, a trailer’s entire contents can be unloaded in less than five minutes while also provide what it described as complete visibility into freight movement within warehouse facilities, on the dock or over the road.”
ArcBest is keen on expanding TL brokerage presence with acquisition of MoLo
September 30, 2021
Fort Smith, Arkansas-based ArcBest, a full-service supply chain logistics provider, said late yesterday that it has entered into a definitive agreement to acquire Chicago-based truckload freight brokerage MoLo Solutions LLC. ArcBest said that this transaction is comprised of a cash payment at closing of $235 million from available funds and subject to post-closing adjustments and is expected to close in the fourth quarter.
ABF parent ArcBest joins crowd in LTL “space-based” pricing, putting pressure on shippers
July 3, 2017
Effective Aug. 1, it’s going to be more expensive to ship air on ABF Freight System and other units of ArcBest Corp. The parent of the nation’s seventh-largest LTL carrier is joining most of the rest of the major players in the $36 billion LTL sector by introducing what it calls “space based pricing” – what most of the rest of the industry calls “dimensional” or “dim-weight” pricing.
ArcBest takes diversification route
April 5, 2017
When Judy McReynolds took over as board chairman last year, she began accelerating ArcBest’s move away from its traditional, unionized LTL operation into a new, more diversified approach to transportation.
Hello ArcBest, Goodbye Arkansas Best
May 2, 2014
Arkansas Best Corp., parent of 90-year-old ABF Freight System (the nation’s eighth-largest LTL carrier with $1.7 billion in revenue last year) has changed its name to ArcBest Corp., effective May 1. Its stock symbol has changed from ABFS to ARCB.
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