AMERICAN FREIGHTWAYS CORP.AMERICAN FREIGHT-ways Corp., the Harrison-based less-than-truckload carrier, has enjoyed record earnings for its second consecutive year. American had a 97.4 percent increase in earnings from its first quarter of 1999 to the first quarter of 2000. Its operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. in 1999 was $1.67 billion. The company's stock price has enjoyed a quick rise following a fuel price scare in early March ($10.75) to $19.13 in late April. The company, which went public in 1989, has seen a high of $24.75 per share in September 1994. The stock split twice -- 1992 and '93. American has continued to expand, recently adding seven New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. states to its direct all-points list to put the company in 39 states. Eventually, the company plans to have all 48 continental states under its belt. Through exclusive marketing partners, Freightways also serves Alaska, Hawaii, Canada, Caribbean islands, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , Mexico, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . The company has 8,859 drivers and 35 hub sites. More than 15,200 employees operate more than 26,400 pieces of revenue equipment from a network of 238 customer centers. Tom Garrison became president and chief executive officer of American Freightways American Freightways (AF) was a U.S. Less Than Truckload (LTL) shipping company. Founded in 1982 by the late Sheridan Garrison, American Freightways was originally titled Arkansas Freightways. in 1999. Freightways continues to expand its services. In January 1999, it introduced the American Flyer, which is a next-day service within 600 miles and a second-day service within 1,500 miles. American Flyer Guaranteed guarantees a delivery date, while American Flyer Expediter guarantees an exact time of delivery. Freightways customers also have the option of their shipment coming in on a purchase order number, a freight bill number or a bill of landing number. |
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