Abf National Master Freight Agreement

Tim Thorne, President of ABF Freight, added: “This important agreement for ABF gives us a solid foundation for another five years and provides us with additional growth opportunities. By focusing on our customers who value our prestigious LTL service and the additional supply-chain solutions offered by ArcBest to solve complex logistical challenges, we are well positioned for the future. The 63-month contract for employees representing Teamster at ABF Freight¬ģ, a subsidiary of LTL d`ArcBest, runs until June 30, 2023 and will take effect retroactively on April 1, 2018. ABF`s national Master Freight Agreement with the IBT was initially concluded on 28 March 2018 and ratified on 10 May 2018 with the majority of regional supplements. “The full ratification of our employment contract with the Teamsters is a very positive step forward for ABF Freight and ArcBest, and we thank all our employees for their commitment to serving our customers as the process was underway,” said Judy R. McReynolds, President, President and Chief Executive Officer. “Our goal was to get a fair contract for employees and affordable for the company. Our Teamster employees are the best compensated in the industry in terms of wages and benefits, including health care and retirement. This agreement brings stability to our employees and customers at a time when the logistics industry continues to change rapidly.¬†Forward-Looking StatementsThe statements and information contained in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Terms such as “anticipate,” “believe,” “could,” “appreciate,” “wait,” “anticipate,” “anticipate,” “can,” “plan,” “anticipate,” “project,” “should,” “would,” “would” and similar expressions and negatives of these terms must identify forward-looking statements. These statements are based on management`s beliefs, assumptions and expectations, based on information currently available, are not guarantees for future performance and involve certain risks and uncertainties (some of which are beyond our control).

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