Daily Archives: March 5, 2020

ABF Freight to Pay 2019 Profit-Sharing Bonus to Eligible Union Employees

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  • Bonus payment for reaching 95.2 percent operating ratio achieved in 2019
  • Payment to all eligible union employees, representing nearly all union employees, is first in company’s history

FORT SMITH, Arkansas, January 30, 2020 — ABF Freight, the less-than-truckload carrier of ArcBest® (Nasdaq: ARCB), announced it will pay a profit-sharing bonus to all qualifying union-represented employees in return for the company achieving a 95.2 percent operating ratio in 2019.

“Returning ABF to historical margins has been a long-term goal, and the bonus payment is something we have hoped to do for some time,” said ABF President Tim Thorne. “Thanks to successful yield initiatives, focused account management and prudent cost management, we reached the required levels to pay the bonus and we thank all of our employees for their hard work and dedication to the company and our customers. This is a proud day for ABF.”

The profit-sharing bonus for employees represented by the International Brotherhood of Teamsters, ABF’s largest bargaining group, will be 1 percent of qualifying employees’ W-2 earnings as specified in the 2018 ABF National Master Freight Agreement ratified in July 2018. Employees in smaller union groups will receive similar payments. The total number of employees who will receive the bonus is approximately 7400.

This is the first time in ABF’s nearly 100-year history that a profit-sharing bonus will be paid to all eligible union-represented employees in return for hitting specific financial targets. Only a small group is ineligible this year, having been paid last year. Operating ratio refers to the ratio of operating expenses to operating revenue and is generally considered a measure of profitability and efficiency in the trucking industry. According to terms of the collective bargaining agreement with the IBT, the bonus will be paid by check within 60 days of the 2019 calendar year-end.

Read more at arcb.com

Roadrunner Intermodal Services Invests in Equipment to Benefit Customers and Drivers

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Roadrunner Intermodal Services invests in new tractors to support drayage capacity growth in key national cargo hubs.

PEACHTREE CITY, GA — June 12, 2019 — Roadrunner Intermodal Services announced it has invested in new equipment to enhance its fleet, improve the driver experience and strengthen service for customers.

Roadrunner Intermodal Services acquired over 60 new tractors to better serve shippers who utilize major U.S. ports and railway hubs. This investment will continue to support Roadrunner Intermodal Services’ ability to provide flexible and responsive drayage solutions. The new equipment is expected to help improve safety, reduce breakdowns, improve fuel efficiency, provide a better driving experience and minimize carbon emissions.

“The addition of over 60 new tractors will further solidify our position as a reliable, leading intermodal services provider in over twenty key markets including Chicago, Los Angeles, Long Beach, Charleston and Savannah. The new equipment will also allow us to provide enhanced shipping services to our customers in high-volume freight markets,” said Ben Kirkland, President of Roadrunner Intermodal Services.

“Our focus remains on improving the driver experience. The investment in additional equipment is just one of the ways we are working to enhance driver satisfaction. We expect that newer, more reliable equipment will further augment our ability to deliver our customers’ goods safely and on time, which is our primary goal,” continued Kirkland.

R+L Carriers Bolsters Capacity with Latest Service Center – Hagerstown, MD

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Wilmington, OH – R+L Carriers continues their aggressive growth with the expansion of their Hagerstown, MD facility. The newly built 60-door facility will provide customers with enhanced service and reduce transit times for many local delivery routes. The state-of-the-art Service Center enables R+L Carriers to hire additional employees and support the growth of the Hagerstown economy.

The stand-alone service center is over 83,700 sq. ft., on 16.3 acres and features a 60-door dock, maintenance shop, wash bay, and fueling station.

Serving HAGERSTOWN, MD + Surrounding Major Markets

Frederick, MD Williamsport, MD
Cumberland, MD Gettysburg, PA
Martinsburg, MD

Hagerstown, Maryland – Service Center 12037 GREENCASTLE PIKE HAGERSTOWN, MD 21740