Teamsters, Trucker ABF Freight Reach Tentative Contract Deal
By Paul Page | March 29, 2018 3:48 p.m. ET
The Teamsters union and ABF Freight System, the trucking unit of Arcbest Corp., reached a tentative contract agreement just days before the existing five-year pact was due to expire.
The union and Fort Smith, Ark.-based ABF didn’t release details of the deal, which was reached late Wednesday and would replace a contract covering about 8,600 workers that expires this Saturday. The International Brotherhood of Teamsters said in a statement that local union leaders would meet in the next two weeks to review the tentative pact “and approve sending it out for a membership ratification vote.”
With $2 billion in revenue last year, ABF Freight System was the seventh-largest operator in the less-than-truckload business, according to industry analyst SJ Consulting Group. Truckers in the sector haul freight loads from several different companies on the same truck, often for retailers moving goods between distribution centers and stores.
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