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Arkansas Best 2nd-Qtr Loss Shrinks
|
| ABFS posted a loss of $7.4
million, or 30 cents per share, compared with a loss of $15.4
million, or 62 cents per share a year earlier. |
| 07.21.2010 -
NEW YORK (AP) - Arkansas Best cut its second-quarter
losses in half, the trucking company reported Wednesday, with
shipments picking up as the economy rebounds. The
company said it's continuing to see a "modest"
improvement in prices, but it still needs overall business and the
money it makes per shipment to get better to turn a profit. >>> |
|
YRC Jumps 87%, Sees $45M Q2 Ebitda
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|
07.12.2010 -
Shares of beleaguered trucking firm YRC Worldwide
(YRCW)
are up 10 cents, or 88%, 3 cents, or 30%, at 15 21
cents, have strengthened all day long, after the
company this morning announced before market’s open it would
swing from a Q1 pre-tax loss of $53 million to a Q2 pre-tax profit
of as much as $45 million. >>>
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YRC forecasts growth
in 2Q pre-tax earnings
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07.12.2010 - NEW YORK (AP) -- YRC Worldwide expects to
report second quarter earnings of $35 million to $45 million
before taxes, debt and amortization, the trucking company said
Monday, as shipments begin to pick up.
|
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The company forecast excludes the YRC Logistics
segment, which it sold last month. When including an expected loss
from discontinued operations, it expects to report second quarter
EBITDA earnings of $24 million to $36 million. >>>
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ABF Freight
Teamsters Reject Plan to Protect Jobs, Benefits
|
| Plan Would Have Reduced Gross
Wages and Mileage Rates By 15 Percent |
| 05.24.2010 -
(Washington, D.C.) – Teamsters
employed at ABF Freight System have rejected a Wage Reduction-Job
Security plan aimed at protecting the jobs of more than 7,000
workers and securing their health, welfare and pension benefits
for the remainder of the National Master Freight Agreement. |
| Mail ballots were sent out April
30 and counted today with the process being overseen by an
independent election officer. With a final count of 3764-2936, the
workers voted no on the plan with about 80 percent of the members
affected participating in the vote. The plan had called for a
reduction in gross wages and mileage rates of 15 percent effective
next pay period and running through March 31, 2013. Negotiated
wage increases (less 15 percent) and cost of living adjustments,
if any, would have remained in effect for the life the plan. >>> |
| Obama To Reopen U.S.
Border to Mexican Trucks |
| Thousands
of Teamster Drivers are laid off, however Mexicans will soon Truck
in America again, No Public response by IBT President Hoffa |
| On May
6th Reuters
reported that President Barack Obama's administration will soon
announce its plan to reopen the U.S. border to Mexican trucks and
end a dispute that prompted Mexico to slap duties last year on
$2.4 billion worth of U.S. goods.
U.S.
Transportation Secretary Ray LaHood told lawmakers "We will
be announcing it very soon". |
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