Arkansas Best Corporation of Fort Smith announced a second quarter 2010 net loss of $7.4 million, or $0.30 per share, compared to a net loss of $15.4 million, or $0.62 per share, in the second quarter of 2009.
"An improvement in daily tonnage levels at ABF was the major reason our second quarter loss narrowed compared to last year," Judy R. McReynolds, president and CEO, said in a statement Wednesday.
"We have been encouraged by the modest, but positive, pricing trend during the quarter and the fact that our customers continue to benefit from the traditional level of superior service for which ABF is known. However, overall freight levels and yields need to continue to improve in order for ABF to return to consistent profitability."
Read tomorrow's business section in the Arkansas Democrat-Gazette or return NWAonline.com for more on this announcement.