Arkansas Best Reportedly in Deal to Buy Logistics Ops

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Officials with Fort Smith-based Arkansas Best Corp. are not commenting on a Reuters report that they are in talks to buy a logistics company that could deliver more than $140 million in annual revenue.

The Reuters report suggests the deal to buy Seville, Ohio-based Panther Expedited Services would be valued at more than $150 million. Panther is owned by New York City-based Fenway Partners.

As a logistics company, Panther does not own trucks or other capital-intensive equipment. Rather, they provide transportation and shipping solutions to more than 11,000 customers worldwide, according to the company’s website. Panther works with more than 5,000 ground and air carriers to provide shipping logistics. Click here to read the full story from our partners at TheCityWire.com.