Yesterday, Arkansas Best Corp. of Fort Smith, Arkansas announced it will close 30 ABF service terminals.
The company currently has 277 terminals.
“Two centers in Arkansas, in Harrison and Russellville, are on the list to close, according to Kathy Feiweger, Arkansas Best’s chief marketing officer,” Arkansas Best reported.
In a filing with the United States Securities and Exchange Commission, Arkansas Best said that the company is working to “rerun ABF Freight to greater levels of profitability.” The filing went on to say that despite higher than expected third-quarter revenue, the company “was just above break-even.”
Arkansas Best said in the filing that their propose operation will “result in improved transit times for customers and enhance operational efficiency.”
“The proposed change is part of an ongoing, dynamic network analysis that was initiated in 2013 along with other efforts at ABF Freight to return to the company to sustained, historic profitability,” Arkansas Best stated.
ABF Freight is working with all of the local unions involved in the closures.
At this time, there is no word on the number of jobs or terminal locations that will be affected.