ABF rejected a 15% cut in MAY (sore loosers) ABF Teamsters rejected a 15 percent wage cut and other concessions in May, despite nearly $100 million in losses suffered by ABF in 2009.
The company reported a $12.6 million loss in the second quarter of 2010, despite an 11.9 percent increase in tonnage. ABF lost $35.7 million in the first quarter.
Little Rock, Ark.-based ABF reports its third quarter earnings Wednesday.
Simply trying to derail YRC from its Business Right to restructure its company..ABF will loose in Federal Court as no judge will force a company to close and shut its doors so another can gain its customers base. It never ends with YRC.