SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
November 25, 1997
Date of Report (Date of Earliest Event Reported)
ARNOLD INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)
PENNSYLVANIA
(State or other jurisdiction of incorporation)
0-10894 23-2200465
(Commission File Number) (Employer Identification Number)
625 South Fifth Avenue, Lebanon, PA 17042
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 717/274-2521
No Change
Former name, former address and former fiscal year,
if changed since last report
ITEM 5 - Other Events
On November 25, 1997, Arnold Industries, Inc. announced that its major
subsidiary, New Penn Motor Express, Inc., is withdrawing from Trucking
Management, Inc. (TMI), the multi-employer bargaining unit that represents
several large less-than-truckload carriers in the negotiations of the National
Master Freight Agreement (NMFA) with the Teamsters Union. TMI is a division
of the Motor Freight Carriers Association (MFCA). New Penn remains a member
of MFCA, and intends to be an active member of the Government Affairs Division
which represents unionized carriers on public policy issues.
New Penn has notified the Teamsters Union of its intent to negotiate
renewal of the current contract agreement independent of the TMI structure and
negotiating committee. The Company anticipates commencing negotiations
immediately following ratification of the NMFA by employees of the carriers
participating in the TMI negotiation. The current NMFA is set to expire on
March 31, 1998.
"We have long recognized the pros and cons of being part of the
multi-employer bargaining process. Up to this point, we have felt it was in
our best interest to be part of the process that creates the foundation for
freight industry contracts. However, it is clear that in the current
circumstances the disadvantages of being part of the multi-employer process
outweigh the advantages for New Penn from the perspective of our employees and
customers," said Kenneth F. Leedy, President of New Penn.
New Penn Motor Express, Inc., a subsidiary of Arnold Industries (AIND:
NASDAQ), is a Northeast regional less-than-truckload general commodities motor
carrier providing next-day service through a network of 23 terminal
facilities. New Penn operates a fleet of over 700 tractors and 1,400
trailers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ARNOLD INDUSTRIES, INC.
(Registrant)
Date: November 26, 1997 By /s/ Heath L. Allen
Heath L. Allen, Secretary
Date: November 26, 1997 /s/ Ronald E. Walborn
Ronald E. Walborn, Treasurer
