January 29, 2009: US trucking company Arkansas Best Corp (ABFS.O) swung to a surprise fourth-quarter loss and said it slashed about 1,100 jobs in the period as the US recession brought "unprecedented weakness" to its business, pushing down both freight volumes and prices.
Click here to read more at Reuters.Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
