On June 14, 2012, Arkansas Best Corporation (Nasdaq: ABFS) ("Arkansas Best") issued a press release announcing that it had entered into a definitive agreement to acquire Panther Expedited Services, Inc., a Delaware corporation ("Panther"), from Fenway Partners LLC for approximately $180 million, subject to post-closing adjustments, with all of Panther's outstanding debt being repaid as part of the transaction. The press release also announced that Arkansas Best will be hosting a conference call on Thursday, June 14, 2012, at 8:30 a.m., ET, to discuss the details of the proposed transaction.

A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The investor presentation to be discussed on the conference call is attached as Exhibit 99.2 to this Current Report on Form 8-K.

FORWARD LOOKING STATEMENTS

Certain statements and information in this Current Report Form 8-K may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could" or other similar expressions and the negatives of such terms are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and operating results are based on our forecasts. Our forward-looking statements and forecasts involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to:

† general economic conditions and related shifts in market demand that impact the performance and needs of industries served by Arkansas Best Corporation's subsidiaries and limit our customers' access to adequate financial resources;

† the closing of the Panther acquisition and related bank financing and the successful integration of Panther;

†          relationships with employees, including unions;

†          union and nonunion employee wages and benefits, including changes in
required contributions to multiemployer pension plans;

†          competitive initiatives, pricing pressures, the effect of volatility

† availability of fuel;

† availability and cost of reliable third-party services;

†          the timing and amount of capital expenditures;

†          future costs of operating expenses such as fuel and related taxes;

†          self-insurance claims and insurance premium costs;

†          governmental regulations and policies;

†          future climate change legislation;

†          availability and cost of capital and financing arrangements;

†          the cost and timing of growth initiatives;

†          the impact of our brand and corporate reputation;

†          the cost, integration and performance of any future acquisitions;

†          costs of continuing investments in technology and the impact of cyber
incidents;

†          weather conditions; and

†          other financial, operational and legal risks and uncertainties

For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.