Kansas News Updates

Arkansas Best Corp. said it will freeze its defined benefits plan for nonunion employees, as of July 1.

Arkansas Best Corp., fresh from winning a tentative contract with the Teamsters union for its less-than-truckload unit, last week said that it rebuffed an acquisition overture from competitor YRC Worldwide Inc.

Kansas Gov. Sam Brownback (R) announced a proposed plan to have the state’s Department of Transportation oversee the operations of the Kansas Turnpike Authority.

Kansas City Southern’s second-quarter earnings rose to $120 million, or $1.09 a share, from $71 million, or 64 cents, a year ago.

Kansas City Southern said it earned $51.8 million, or 50 cents a share, in its fourth quarter, compared with $32.3 million, or 34 cents, the previous year.

An Arkansas committee that spent two years studying how to pay for road improvements has come up with a list of ways to raise revenue that includes indexing gas and diesel taxes to the state’s construction cost index.