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ABFS > SEC Filings for ABFS > Form 8-K on 14-Nov-2012All Recent SEC Filings

Show all filings for ARKANSAS BEST CORP /DE/

Form 8-K for ARKANSAS BEST CORP /DE/


14-Nov-2012

Regulation FD Disclosure


ITEM 7.01 - REGULATION FD DISCLOSURE

Arkansas Best Corporation (Nasdaq: ABFS) (the "Company") is providing the following update on the most recent information related to the Company's fourth quarter 2012 financial results and business trends. ABF Freight System, Inc. ("ABF") is the largest subsidiary of the Company.

ABF's financial metrics and business trends for fourth quarter 2012 to-date, through November 11, 2012, versus the same period last year:

Billed revenue decreased approximately 1%

Total billed revenue per hundredweight increased approximately 1.1%. This mid-quarter yield figure has not been adjusted for changes in account mix and freight profile.

Tonnage per day decreased approximately 1.7%. Without the effects of Hurricane Sandy, management estimates that tonnage per day would have decreased by approximately one half percent (0.5%).

In recent years, without regard to the impact of weather events, the trend of change in ABF's operating ratio between third quarter and fourth quarter is an average increase of nearly four points.

The following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this report that are not based on historical facts are "forward-looking statements." Terms such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "plan," "predict," "prospects," "scheduled," "should," "would," and similar expressions and the negatives of such terms are intended to identify forward-looking statements.

Such statements are by their nature subject to uncertainties and risk including, but 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 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 in fuel prices and the associated changes in fuel surcharges on securing increases in base freight rates and the inability to collect fuel surcharges; 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 detailed from time to time in Arkansas Best Corporation's Securities and Exchange Commission ("SEC") public filings.


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