Arkansas Best Corporation reported “solidly improved profitability” in its 2013 fourth-quarter and yearly results, according to a new release.
The company saw an 11-percent increase in yearly revenue, at $2.3 billion, and its fourth-quarter income – $10.3 million – was an improvement over its fourth-quarter 2012 net loss of $7.9 million.
“After a very challenging year in which we negotiated and implemented a new five-year labor agreement with the International Brotherhood of Teamsters, I have very pleased to report that ABF Freight ended the year with solid profitability, substantially reversing the unacceptable trends of losses in 2012,” said Arkansas Best President and Chief Executive Officer Judy McReynolds in a news release.
McReynolds also said the company is “energized” by opportunities in 2014 and is working to offer a more easily accessible range of services.
“Last year we achieved many significant milestones that give us a much stronger ability to compete in an ever-changing marketplace,” she said. “We are positioned to effectively respond to our customers who increasingly look to us for ways to help them manage their complex transportation, supply chain and logistics needs.”
Arkansas Best ends 2013 with gain
