Revenues rise, income falls at Arkansas Best

Oct. 21, 2003
Arkansas Best Corp. said its 3Q net income was $1.3 million lower than it was in the same period last year, though its revenues grew when compared to the same period. Arkansas Best's net income fell to $17 million in 3Q, and was $18.3 million during the same quarter in 2002. However, Arkansas Best’s third-quarter revenue reached $402.9 million, an increase of 7.3% over the third quarter last year.
Arkansas Best Corp. said its 3Q net income was $1.3 million lower than it was in the same period last year, though its revenues grew when compared to the same period.

Arkansas Best's net income fell to $17 million in 3Q, and was $18.3 million during the same quarter in 2002. However, Arkansas Best’s third-quarter revenue reached $402.9 million, an increase of 7.3% over the third quarter last year.

President & CEO Robert A. Young III said that productivity measures at its ABF Freight Systems subsidiary were slightly below levels for the same period last year.

"These figures continue to be affected by additional shipment handling related to ABF's concentration on transit time improvements and premium services provided at pickup and delivery," Young said.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!