FORT SMITH, Ark., April 14, 2015 /PRNewswire/ -- ArcBest CorporationSM (Nasdaq: ARCB) on Tuesday announced it will break ground for construction on its new corporate headquarters at a ceremony at 1:30 p.m. April 15 at Chaffee Crossing in Fort Smith. Gov. Asa Hutchinson also is scheduled to attend the ceremony.
In May 2014, ArcBest, a transportation and logistics company, announced the purchase of 40 acres off McClure Drive in east Fort Smith for the corporation's new headquarters. The approximate 200,000-square-foot building is expected to be completed in late 2016 and will help ease the company's current tight quarters as it continues to experience significant growth.
"Nearly one year ago we announced the start of a new era for our organization," said ArcBest President and Chief Executive Officer Judy R. McReynolds. "I am truly excited to take the next step toward another milestone as we break ground on a new company headquarters, which will support our plan to create 975 additional jobs in Fort Smith through 2021. We believe this region possesses a great pool of talent, and we look forward to having these exceptional employees build a career with us."
Once complete, the four-story building is anticipated to house approximately 850 employees of ArcBest corporate and ABF LogisticsSM, as well as Panther Premium Logistics® personnel who work in Fort Smith. While the building will allow for growth, the company also has an option to purchase 30 additional acres for future expansion.
"With the upcoming construction of its new corporate headquarters and plans to grow the company's local workforce, ArcBest is making a significant investment in Fort Smith," Hutchinson said. "The transportation and logistics sector is a large part of Sebastian County's economy. Tomorrow's groundbreaking further strengthens Arkansas's reputation as one of the nation's logistics hubs."
ABF FreightSM, the company's flagship subsidiary, will remain located at the current office at 3801 Old Greenwood Road, along with ArcBest Technologies, the company's IT solutions group. The relocation of ArcBest and ABF Logistics employees will create room for growth and expansion of ABF Freight and ArcBest Technologies at the existing facility.
Situated in newly developed Chaffee Crossing, the new headquarters will be east of Massard Road near the historic McClure Amphitheater. The location also will include easily accessible bike and walking trails.
ArcBest CorporationSM (Nasdaq: ARCB) solves complex logistics and transportation challenges. Our companies and brands – ABF FreightSM, ABF LogisticsSM, Panther Premium Logistics®, FleetNet America®, U-Pack® and ArcBest Technologies – apply the skill and the will with every shipment and supply chain solution, household move or vehicle repair. ArcBest finds a way.
For more information, visit arcb.com, abf.com, pantherpremium.com, fleetnetamerica.com and upack.com. ArcBest CorporationSM. The Skill & The WillSM.
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SOURCE ArcBest Corporation