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is open due to the retirement of     Panther reported about $215 mil-
                                              long-time Congressman Mike Ross,   lion in revenue and $24 million of
                                              a Democrat. The Democratic candi-  adjusted earnings before interest, taxes,
                                              date, Arkansas State Senator Gene   depreciation and amortization in 2011.
                                              Jeffress, will face Republican Tom   “Panther Expedited Services is an
                                              Cotton, who has already raised more   excellent strategic fit for our company
                                              than $1 million, mostly from out-of-  and our customers as we seek to offer
                                              state sources.                  end-to-end logistics solutions for pro-
                                                 Observers point to Cotton’s   gressively more complex supply chains,”
                                              huge lead in fundraising over   said Judy McReynolds, Arkansas Best
                                              Jeffress, as well as Jeffress not even   president and chief executive officer.
                                              having a campaign staff onboard     Arkansas Best said the acquisition
                                              as reasons why Cotton is the likely   is expected to expand its customer base
                                              winner.                         and cross-selling opportunities with the
                                                 If elected, this will be the first   addition of more than 11,000 Panther
                                              time in history Arkansas will have   customers in attractive end markets.
                                              an all Republican congressional del-  The current Panther management team
        four districts are currently held by   egation.                       is expected to remain in place.
        Republicans – Congressmen Steve                                           Panther was owned by Fenway
        Womack, Tim Griffin and Rick       arkaNSaS bEST acqUIrES             Consulting Partners, a private equity
        Crawford. Womack and Griffin face   paNTHEr ExpEdITEd for $180m       firm, having acquired the company
        underfunded candidates while Crawford   Arkansas Best Corp., parent   in 2005. And a member of Panther’s
        is thought to have a wide lead in recent   company of ABF Freight System, has   board, said that
        poll over Steve Ellington, a prosecuting   acquired Panther Expedited Services, a
        attorney in West Memphis.          transportation and logistics provider,
                th
            The 4  Congressional District seat   for $180 million.                                          

















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        aRkansas TRucking RePoRT | issue 3 2012	                                                          6/27/12   3:40 PM 15
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