Stock market trading: Arkansas-Best reports narrower loss in 2010

Arkansas Best Corp. (symbol ABFS on Nasdaq) specializes in “less-than-truckload” shipping, which involves loading freight from a number of customers onto a single truck. In 2010, Arkansas Best’s revenue rose 12.6%, to $1.7 billion from $1.5 billion on 2009. The company lost $32.7 million, or $1.30 per share, in 2010. However, that was a big improvement on the $127.5 million, or $2.46 per share, that it lost in 2009. Arkansas-Best shipped more freight as the economy gradually recovered in 2010, particularly during the fourth quarter. Strong competition has been keeping shipping rates down, however. Arkansas-Best is now raising its rates to cover rising fuel costs. The company holds cash of $141.9 million. Arkansas-Best plans to spend $47 million this year to replace aging equipment with 35 new tractors and 400 trailers. Arkansas-Best trades 40.1 times the $0.60 a share it is expected to earn in 2011. If you’re interested in stock market trading in U.S. stocks like Arkansas-Best, you really should have a subscription to Wall Street Stock Forecaster. What’s more, you can get one month free when you subscribe now. Click here to learn how.

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Jim Bates

Jim is an associate editor at TSI Network. He is the lead reporter and analyst for The Successful Investor and Wall Street Stock Forecaster and a member of the Investment Planning Committee. Jim has held the Chartered Financial Analyst designation since 1992 and spent more than a decade at the Financial Post DataGroup before joining TSI Network. He has a Bachelor of Commerce degree from the University of Toronto.

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