Ladies and gentlemen, thank you for standing by. Welcome to the Arkansas Best Corporation's Second Quarter 2013 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded, Friday, August 9, 2013. I would now like to turn the conference over to David Humphrey, Vice President of Investor Relations. Please go ahead, sir.

Welcome to the Arkansas Best Corporation's Second Quarter 2013 Earnings Conference Call. Our presentation this morning will be done by Ms. Judy R. McReynolds, President and Chief Executive Officer of Arkansas Best Corporation; Mr. Michael E. Newcity, Vice President, Chief Financial Officer of Arkansas Best Corporation. As most of you know, ABF's Teamsters employees ratified the ABF National Master Freight Agreement and the majority of the contract supplements on June 27. As we have previously announced, we are in the midst of the voting process on the remaining supplements that require additional action. Because of the sensitive nature of the voting process, today, we will give an update of the current quarter's results, but it will not be taking any questions on this morning's call. We hope you can understand our reasons for doing things this way until the entire labor contract is ratified and implemented. As always, following today's call, we will be available to speak with you to discuss the publicly disclosed information about our second quarter results. We thank you for joining us today. In order to help you better understand Arkansas Best Corporation and its results, some forward-looking statements could be made during this call. As we all know, forward-looking statements, by their very nature, are subject to uncertainties and risks. For a more complete discussion of factors that could affect the company's future results, please refer to the forward-looking statements section of the company's earnings press release and the company's most recent SEC public filings. We will now begin with Mr. Newcity.

Thank you for joining us this morning. This morning, Arkansas Best reported results that continue the trend of the past several quarters. Our second quarter net income was highlighted by continued revenue growth and margin improvement at our non-asset-based businesses and continuing cost pressures at ABF. Despite increases in tonnage and revenue, ABF's second quarter operating profit was somewhat below that of last year, as union wage and benefit cost continued to impact operating results. On a year-to-date basis, ABF's high labor costs were also the reason for operating losses. Near the end of June, we are pleased that ABF Teamster employees ratified the ABF National Master Freight Agreement in most of its supplemental agreements. Though the new contract cannot be implemented until the remaining supplements are approved, we look forward to future wage and vacation cost savings and improved operational efficiencies associated with the new contract. Later, Judy will give her thoughts and perspective on our recent quarter and what lies ahead in the future. But now, I'd like to cover the details of our results for the second quarter of 2013. Arkansas Best's second quarter 2013 revenue was $576.9 million compared to $510.5 million last year. Second quarter 2013 net income was $0.18 per share compared to net income of $0.44 per share last year. You will recall that last year's second quarter results included a tax benefit of $0.31 per share related to the reversal of previously established deferred tax asset valuation allowances. In addition, last year's second quarter results also included cost of $0.05 per share related to our acquisition of Panther. Excluding both of those items, Arkansas Best had second quarter 2012 net income of $0.18 per share comparable with this year's second quarter results. For the first half of 2013, Arkansas Best net loss…

Thank you, Michael, and good morning, everyone. Our second quarter results reflect success by all of our companies in increasing revenues and generate profits in the midst of an economic environment that remains constrained and choppy. Our emerging non-asset-based businesses are making positive contributions to our financial results, as they experienced continued growth in revenue, operating income and cash generation. ABF was profitable during the quarter, as it typically is during the second quarter, despite its continued high-cost structure. However, year-to-date losses of $17 million at ABF continued to be unacceptable. In late June, ABF took a significant step forward improving its cost structure and solidifying its long term prospects for success with the ratification of the ABF National Master Freight Agreement by its Teamster employees. We are all looking forward to the conclusion of the lengthy contract process at ABF. We reached another contract extension that runs through the end of August. For the remaining 6 supplemental agreements, ballots were mailed to affected employees earlier this week and will be counted on August 28. That is similar to the process for the ratification of the National Agreement. We are hopeful that the supplements will be ratified in due course, and in the meantime, it is business as usual at ABF. First, before discussing ABF's results in more detail, I'll provide additional color on our emerging businesses, which we intend to grow to $1 billion in revenue by 2015. This goal is the result of careful analysis and planning that has taken place over a number of years. We recently announced, internally, the formation of ABF Logistics as an operating segment that now houses our brokerage, intermodal and global shipping businesses, as well as our supply chain solutions, including TMS software and warehousing. A strategic reallocation of strong sales talent…

Okay. That concludes our call. We thank you for joining us this morning. And we appreciate your interest in Arkansas Best Corporation.