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
February 13, 1998
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 February 13, 1998, New Penn Motor Express, Inc., a subsidiary of
Arnold Industries, Inc. (AIND: NASDAQ), announced that New Penn and the
Teamsters Union signed an interim agreement to accept the terms of a new labor
pact. The interim agreement assures there will be no work stoppage at New
Penn.
New Penn agreed to accept the terms and conditions of the National Master
Freight Agreement (NMFA) that the Teamsters Union and the four national
less-than-truckload carriers reached earlier this week. Until the NMFA is
ratified by the union membership, New Penn further agreed to keep the terms
and conditions of the current contract in effect.
In return, the Teamsters negotiating committee, on behalf of the local
unions it represents, agreed not to engage in any strike or work stoppage
against New Penn.
This agreement applies to all New Penn terminals, operations and
employees presently covered by the freight agreement that expires on
March 31, 1998. All terms and conditions of the new NMFA will be retroactive
to April 1, 1998, if it is not ratified by that time.
"We are pleased to be among the first to announce that we have reached an
early agreement with the Teamsters Union that protects our employees and our
customers," said Kenneth F. Leedy, President of New Penn.
"This Agreement ends all customer concerns regarding a disruption of New
Penn service, and stops the months of scare-tactics our loyal customers have
endured from some competitors," Leedy added.
New Penn is a Northeast regional less-than-truckload motor carrier
providing next-day service through a network of 23 terminal facilities. New
Penn employs over 1,400 people and 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: February 18, 1998 By /s/ Heath L. Allen
Heath L. Allen, Secretary
Date: February 18, 1998 /s/ Ronald E. Walborn
Ronald E. Walborn, Treasurer
