Arkansas Best’s 2Q Profit Falls

Arkansas Best Corp. said Wednesday its second-quarter net income fell to $19.6 million or 78 cents a share, from $29 million or $1.13 a year ago.

Second-quarter revenue dipped to $458.2 million from $479.3 million.
 
Revenue at less-than-truckload unit ABF Freight System, the company’s largest subsidiary, fell 5.1% to $442.9 million, while operating income declined to $30.5 million from $46.4 million.
 
Arkansas Best Corp. is ranked No. 16 on the 2007 Transport Topics 100 listing of U.S. and Canadian for-hire carriers.