Are Concessions Funding ABF’s Exit from LTL Trucking?

On December 1, ARCBest proudly announced the $26 million acquisition of Bear Transportation Services, a logistics nonunion operation. This is in line with ARCBest management’s plan of moving from LTL to nonunion logistics companies as a primary focus and revenue source.  

ABFTruck_thumb.jpg

The latest purchase outside of unionized trucking came just three weeks after Wolfe Research reported that “ARCB stated a new multi-year goal for half its revenue to come from its fast-growing non-LTL segments, including Panther, truck brokerage, warehousing, ABF moving, and FleetNet.”

So the concessions that ABF Teamsters gave, supposedly to help ABF thrive, are being diverted to purchasing nonunion logistics and TL companies, such as Panther and Bear Transportation.

Should the IBT demand that 100% of the money given up by Teamsters in concessions be used to upgrade and build ABF’s own business? That kind of thinking will require a change in IBT leadership. 


Showing 10 reactions

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  • commented 2017-09-20 14:36:16 -0400
    As of now we are still Arcbests main means of revenue. We need to stand up now while we still have some power over them. They still need us so we need to say no concessions and we want our money back and our vacation back. They have lied and cheated us, the giving on our part should be over. This is the time to strike while we still have a chance
  • commented 2016-11-27 11:19:13 -0500 · Flag
    Hoffa has no Balls… We are finished
  • commented 2016-11-25 01:17:15 -0500
    As a Brotherhood we must stand and so no to anymore concessions, Teamsters United is the way for the future of the Teamsters.
  • followed this page 2016-10-05 12:39:59 -0400
  • commented 2016-05-05 20:16:39 -0400
    Of Course they did What’s stoping them ? A bunch of highschool graduates making 100,000 plus a year as Business agents representing a bunch of Truck drivers who are paying dues to a corrupt Union ? That’s funny, keep paying and supporting Unions who sold you lemmings out.
  • commented 2016-05-05 18:19:23 -0400
    MOr that 50% of the freight moving in America is being moved buy a asset lite logistics companies such as UPS Coyote and BearTtransportation. Yes ABF"s got are concessions and yes the Teamster Union gave it to them and yes they are using the money to build up their outside businesses at the expense a good union jobs.
  • commented 2015-12-13 13:39:33 -0500 · Flag
    Keep paying dues to a corrupt union that doesn’t care. Wake up lemmings.
  • commented 2015-12-04 13:47:55 -0500
    gee if no body saw that coming whats going on
  • commented 2015-12-04 00:36:41 -0500
    Did the same thing a few years back to a Consolidated freightways instead of putting the money back into union co they started non union co bunch of SCUMBAGS
  • commented 2015-12-03 17:44:00 -0500 · Flag
    Just like YRC FRT. we the worker take a pay cut to help the company THE CEO get’s a big rise
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