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March 16, 2010
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| 10:48 EDT |  | ABFS |
| theflyonthewall.com: | Arkansas Best rallies after Teamsters signal willingness to discuss concessions | | Arkansas Best (ABFS) is advancing, after the Teamsters union indicated that it is willing to talk about wage concessions to the company, according to KeyBanc. The Teamsters stated in a press release yesterday that it believes "it is in our best long-term interest to fully engage ABF through formal discussions to determine if and what type of contractual relief may be necessary." The union also noted that Arkansas Best's industry has had many problems in the last 18 months. KeyBanc maintains a Buy rating on the stock. In mid-morning trading, Arkansas Best jumped $1.95, or 6.74%, to $30. :theflyonthewall.com |
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