ABF Freight Loses $15 Million

July 22, 2009: Less-than-truckload carrier ABF Freight System lost $15.4 million in the second quarter, the company said July 21, on steep declines in volume and pricing in the trucking business.

The loss was better than the $18.2 million the Fort Smith, Ark.-based carrier lost in the first quarter, but the 17 percent slide in tonnage and the 13.1 percent drop in yield, a signal of eroding pricing, were far worse in the quarter ending June 30 than earlier in the year.

Click here to read more at The Journal of Commerce.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

How to Check Your UPS Retro Pay

Sometime in June, UPS Teamsters expect to be paid for nine months of retroactive pay for contractual raises.  We recommend that you check to make sure you’re getting what you are due, using this calculator.

TDU Black Leadership Conference

African-American Teamsters will hold TDU’s first national Black Leadership Conference, July 13-14 in New York City.

View More News Posts