 | |
| Formerly |
|
|---|---|
| Company type | Subsidiary |
| Industry | Transportation |
| Founded | 1923 in Fort Smith, Arkansas |
| Headquarters | , United States |
Key people | Seth Runser (president and CEO) |
| Parent | ArcBest Corporation (from 1966) |
| Website | abf |
ABF Freight System, Inc., a subsidiary of ArcBest Corporation,[1] is an American national less-than-truckload (LTL) freight carrier based in Fort Smith, Arkansas.
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Transcription
History
The company was founded Fort Smith, Arkansas in 1923 as OK Transfer, the name it used until 1935 when it acquired Arkansas Motor Freight (AMF) and took that company's name. Until 1935, it had operated only within Arkansas but its acquisition of Motor Express made it an interstate carrier.[2]
Former lawyer Robert A. Young, Jr. purchased Arkansas Motor Freight Lines, Inc. in 1951.[3] The company name changed again when, after Young acquired Dallas, Texas-based Best Motor Freight in 1956,[4] he merged the two companies in 1957 as Arkansas-Best Freight System Inc.[5]
Arkansas-Best again expanded in 1961 when it acquired Healzer Cartage of Kansas City, Missouri for US$500,000. Healzer had been founded in 1930 in Hutchinson, Kansas and at the time of acquisition reported nearly US$3 million annually in revenue. It was expected to operate as a wholly-owned subsidiary of Arkansas-Best. At the time, Arkansas-Best estimated it would have revenues of approximately US$18 million for 1961.[5] Arkansas-Best also acquired Delta Motor Line expanding its reach to New Orleans.[6]
In 1966, Young founded Arkansas Best Corporation as a holding company for Arkansas-Best to facilitate diversification. [3]
In 1968, after a decade of expansion by acquiring route authorities in the southern, midwestern, and eastern US, Arkansas-Best acquired Fast Freight Co. which extended their network into New York. This was followed the next year by the acquisition of Krema Truck Lines in the Chicago area.[7]
In the 1970s, Arkansas-Best developed into a nationwide carrier through acquisitions of southeastern US carrier Youngblood Truck Lines in 1971[6] and all or part of H.A. Day Truck Line, Associated Transport, Western Gillette,[8] and a portion of the routes of Great Lakes Express Co. which expanded its midwestern operations. The subsequent acquisition of the operating rights of Akers Motor Lines along U.S. Route 1 connected Arkansas-Best's New England and southeastern operations. Major expansion came with the carrier's purchase of Navajo Freight Lines in 1979. This pushed Arkansas-Best's operations all the way to California and increased its rank from the 25th largest interstate motor freight carrier in the US to ninth.[7]
Arkansas-Best changed its name to ABF Freight System Inc. in 1980[7] and, by 1981, was the eighth largest trucking company in the US operating 106 terminals.[6] It acquired East Texas Motor Freight Lines, a subsidiary of Bright Industries Inc., in 1982, a move which added 44 new terminal cities increasing ABF's reach to a total of 158,[9] and by 1985 ABF was the sixth largest carrier in the US.[10]
ABF created ABF U-Pack Moving as a subsidiary in 1997 to provide household moving services.[8]
Parent company, Arkansas Best Corporation, was renamed ArcBest Corporation in 2014.[2]
References
- ^ "ArcBest Corp". www.marketwatch.com. Archived from the original on 2018-09-17. Retrieved 2018-09-17.
- ^ a b ArcBest. "History". ArcBest. Retrieved 27 October 2021.
- ^ a b "University To Honor Three At Spring Commencement". Northwest Arkansas Times. 9 May 1972. pp. 1–2. Retrieved 27 October 2021.
- ^ "Operating Control of Best To Arkansas Motor Freight". The Kansas City Times. Fort Smith, Arkansas. 19 September 1956. p. 26. Retrieved 27 October 2021.
- ^ a b "A Truck Firm Here is Sold". The Kansas City Star. 24 November 1961. p. 3. Retrieved 27 October 2021.
- ^ a b c "ABF Freight opens in Marshall". The Marshall News Messenger. 15 February 1981. p. D1. Retrieved 27 October 2021.
- ^ a b c "ABF Freight has growth history". Longview News-Journal. 26 February 1984. p. 233. Retrieved 27 October 2021.
- ^ a b "ABF Keeps On Trucking After 90 Years". Times Record. September 19, 2013. Retrieved 27 October 2021.
- ^ Volkmann, Warren (2 June 1982). "Trucking firm sets acquisition". Fort Worth Star-Telegram. pp. 5B, 7B. Retrieved 27 October 2021.
- ^ Miller, Dan (26 February 1987). "Who is ABF?". The Sentinel. p. C4. Retrieved 27 October 2021.
External links
Media related to ABF Freight System at Wikimedia Commons- Official website
This page was last edited on 9 February 2024, at 21:06