Trucking news and briefs for Tuesday, Jan. 12, 2021:
ABF Freight president to retire later this year
Tim Thorne, president of ArcBest (CCJ Top 250, No. 17) less-than-truckload carrier ABF Freight, will retire effective June 30, 2021, after a 31-year career with the company, ArcBest announced Monday.
Seth Runser, ABF vice president of linehaul operations, will be promoted to the new role of ABF chief operating officer, effective Feb. 1, 2021, and will become ABF president on July 1, 2021.
Thorne has been president of the company since October 2014. He joined ABF in 1990 as a supervisor assistant after serving as a captain in the U.S. Army. Prior to becoming president, Thorne held increasing roles of responsibility — as a service center manager in Alabama, Tennessee and Pennsylvania, as a regional vice president – operations in Utah and as vice president – linehaul operations.
“Over the past three decades, Tim has made significant and meaningful contributions to our company as ArcBest has expanded and diversified to meet customers’ needs,” said Judy R. McReynolds, ArcBest chairman, president and CEO. “He has approached each role with integrity, enthusiasm and excellence. I thank Tim for his dedication and longtime service to our organization, and I wish him, his wife Diane and their family the very best. He will be greatly missed.”
Real estate firm acquires small trucking company
Phoenix Logistics, an affiliate of national private real estate firm Phoenix Investors, has acquired nine-truck Sam Dunn Express, a regional asset-based trucking company based in Longview, Texas.
The carrier will become part of Phoenix National Transportation, a newly formed trucking company. PNT will provide regional and other over-the-road transportation services in northeast Texas and nearby states, catering to the food, beverage and alcohol industries.
