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.

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