Statement from Judy R. McReynolds on Signing of HR1319, the American Rescue Plan Act of 2021
ArcBest (Nasdaq: ARCB) announced the positive implications of the American Rescue Plan Act of 2021, specifically HR1319, which includes financial assistance for multiemployer pension plans. CEO Judy R. McReynolds emphasized that this act is a significant step toward securing the retirement benefits of ABF Freight Teamster drivers, dockworkers, and retirees. The financial security of these employees is crucial for the company, and the grants enable retirees to receive full pension benefits they have earned throughout their careers.
- Financial assistance from HR1319 supports multiemployer pension plans.
- Retirees of ABF Freight Teamster drivers and dockworkers will benefit from full promised pension benefits.
- None.
FORT SMITH, Ark., March 12, 2021 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today released the following statement from Judy R. McReynolds, chairman, president and CEO, on the passage of HR1319, the American Rescue Plan Act of 2021, that includes significant financial assistance for multiemployer pension plans:
"Not only is this a significant step for the pension plans, but importantly this is encouraging news for the families of our ABF Freight Teamster drivers, dockworkers and retirees. The financial security of our employees in retirement is incredibly important to us, and we believe these grants to the union pension plans enable those retirees to receive the full, promised pension benefits they earned during their careers."
ABOUT ARCBEST
ArcBest® (Nasdaq: ARCB) is a leading logistics company with creative problem solvers who deliver innovative solutions for our customers' supply chain needs. We'll find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair. At ArcBest, we're More Than Logistics®. For more information, visit arcb.com.
Media Contact: Josh Havens
Email: jhavens@arcb.com
Phone: 479-494-8125
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