ABA Bulletin title Abt: Abtl to add 100 jobs at ABF freight hub, Abt says article Abt expects to hire more than 1,200 people at the new ABF hub in central Florida, and will invest $30 million to expand the center to accommodate more people, Abtl said in a statement.
The job cuts, which would start this summer, will be permanent and do not require a reallocation of jobs, it said.
The ABF, the nation’s largest freight company, has been seeking to attract more than 300,000 jobs from other states.
Abt has hired more than 2,200 employees in the U.S. and Canada since its acquisition of ABF in 2014.
The company, which makes trucks and trains, is a key driver of U.s. economic growth.
Abtl is also building a rail hub in Miami that will help it expand its operations in North and South Florida.
The U.A.F. is one of two rail-based companies, along with Norfolk Southern Corp., to be granted approval to expand their rail operations in the United States in the past few years.
In March, the Federal Railroad Administration approved the $30.5 billion purchase of Abt, the largest single-share sale in U.N. history.
The $10 billion sale is also the first time the U and Abt have had the same shareholders since a merger in 2003.
Abl also has about $10.2 billion in debt, including $2.4 billion of cash.
The company said the expansion will create more than 100 jobs and create a new business opportunity in Florida, as well as provide additional economic growth opportunities.
Abtr President and Chief Executive Officer Patrick S. Pritchard said the jobs would include workers in manufacturing, packaging and manufacturing operations, as it moves to a new rail hub.
Abs plans to hire 1,000 people at its new facility in Miami.
Abt plans to open the facility by the end of this year, Pritcher said.
It will be the largest and most advanced facility for rail freight operations in Florida.