Yellow asks court to toss claims it failed to give layoff notifications [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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US:NASDAQ Investor Relations:
arcb.com/investor-relations
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Source: Yahoo! Finance
Counsel for the company said WARN Act requirements don't apply as the defunct less-than-truckload carrier's shutdown was abrupt and the result of the Teamsters union's refusal to allow a second round of operational changes that were integral to its survival. The turnaround plan dubbed One Yellow included consolidating its four LTL operating companies, closing redundant terminals and making some drivers work freight on the docks, among other changes. Yellow began pursuing the changes in 2022 and announced in June of last year that it would be out of cash in weeks if the Teamsters didn't acquiesce. The union contended it had given enough in the past in the form of wage and benefits concessions and that it wasn't going to keep bailing the company out Yellow ( OTC: YELLQ ) believes the WARN Act doesn't apply as its closing was unforeseen. It said even in its final days it planned to keep running the business and had a private equity investor lined up to provide it needed capital. It
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ARCB
News
- ArcBest Declares a $0.12/Share Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- ArcBest Declares a $0.12/Share Quarterly DividendBusiness Wire
- Is a Surprise Coming for ArcBest (ARCB) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
- Old Dominion's Q1 earnings meet estimate, but LTL stocks fall anyway [Yahoo! Finance]Yahoo! Finance
- We Think ArcBest Corporation's (NASDAQ:ARCB) CEO Compensation Looks Fair [Yahoo! Finance]Yahoo! Finance
ARCB
Earnings
- 2/6/24 - Beat
ARCB
Sec Filings
- 4/2/24 - Form DEFA14A
- 3/15/24 - Form ARS
- 3/15/24 - Form DEFA14A
- ARCB's page on the SEC website