June 2, 2010 (FinancialWire) — Arkansas Best Corp. (NASDAQ: ABFS) has promoted Michael E. Newcity to chief financial officer effective on June 2. Newcity is currently director of economic analysis at the trucking firm.

In his current role, Newcity leads a group that provides analysis on topics including costing and profitability methods, incentive systems, business metrics and forecasting at the firm.  Previously, Newcity held a variety of positions at ABF Freight System, Inc. and Data-Tronics Corp., both Arkansas Best subsidiaries.

Arkansas Best said the, during his time at the company, Newcity was instrumental in the development and implementation of internal management systems as well as numerous internet-based, customer-facing solutions at the firm.

Newcity began his career with the corporation in 1993.

Arkansas-based Arkansas Best is a transportation holding company. ABF Freight System, Inc., Arkansas Best's largest subsidiary, has been in continuous service since 1923.

ABF provides transportation of less-than-truckload general commodities throughout North America

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