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ABFS > SEC Filings for ABFS > Form 8-K on 12-Feb-2014All Recent SEC Filings

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Form 8-K for ARKANSAS BEST CORP /DE/


12-Feb-2014

Regulation FD Disclosure


ITEM 7.01 - REGULATION FD DISCLOSURE

Arkansas Best Corporation (Nasdaq: ABFS) (the "Company") is making presentations at investor conferences on February 12, 2014 and February 13, 2014. The Company is providing the following update on the most recent information related to the Company's first quarter 2014 financial results and business trends. ABF Freight System, Inc. ("ABF Freight") is the largest subsidiary of the Company.

ABF Freight's financial metrics and business trends for the first quarter 2014 to-date through February 10, 2014, versus the same period last year:

ABF Freight's revenue increased by 1% to 2%

Without the effects of weather, ABF Freight's revenue would have been expected to increase 4% to 5%

ABF Freight's total tonnage is flat to 1% above last year's level

Without the effects of weather, ABF Freight's total tonnage would have been expected to increase by 3% to 4%

The estimated negative impact of weather on ABF Freight's January 2014 operating income was approximately $6 million. Previously, prior to the close of the month before all weather-related expenses were available, the Company had estimated that weather-related items would reduce ABF Freight's January 2014 operating income by approximately $4 million.

So far in February, adverse weather has continued to impact ABF Freight's business levels and operations. The estimated negative impact of weather on ABF Freight's February 2014 operating income so far is approximately $1 million.

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," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "predict," "project," "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, a workforce stoppage by our employees covered under ABF Freight's collective bargaining agreement or unfavorable terms of future collective bargaining agreements; relationships with employees, including unions; 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/or limit our customers' access to adequate financial resources; union and nonunion employee wages and benefits, including


changes in required contributions to multiemployer pension plans; competitive initiatives, pricing pressures and 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; default on covenants of financing arrangements and the availability and terms of future financing arrangements; availability and cost of reliable third-party services; disruptions or failures of services essential to the use of information technology platforms in our business; availability, 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; potential impairment of goodwill and intangible assets; the impact of our brand and corporate reputation; the cost, timing, and performance of growth initiatives; the cost, integration, and performance of any future acquisitions; the costs of continuing investments in technology, a failure of our information systems, 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 public filings.


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