M E M O R A N D U M

To: ABF Freight Local Unions
From: John A. Murphy, National Freight Director
Date: February 1, 2022
Re: Profit Sharing Bonus

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Today, ABF announced that it achieved an 89.9% operating ratio for 2021. As a result, the profit-sharing provisions of the 2018-23 ABF NMFA have triggered. Specifically, qualified members (generally those employees who were on the seniority list from January 1, 2021 to December 31, 2021) will receive a bonus of 3% of their 2021 earnings. This is the third year in a row that ABF Freight members have received a profit-sharing bonus. This year’s bonus, however, is the largest so far. The Company’s success is due to the hard work and dedication of ABF’s Teamsters who worked through the challenges of 2021. The profit-sharing bonuses will be paid on or about February 16.