ARKANSAS BEST CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS                                               
                                                      Year Ended December 31
                                                 1995          1994          1993   
                                                    ($ thousands, except per share data)
OPERATING REVENUES -- Note B
    Less than truckload motor carrier
      operations                            $ 1,088,416   $   918,663   $   893,504
    Truckload motor carrier operations           27,992             -             -
    Forwarding operations                       140,691        31,468             -
    Logistics operations                         31,699         7,514         2,890
    Tire operations                             145,127       138,665       111,585
    Service and other                             3,354         2,111         1,939 
                                              1,437,279     1,098,421     1,009,918
OPERATING EXPENSES AND COSTS -- 
  Notes B and L
    Less than truckload carrier operations    1,119,560       882,351       851,711
    Truckload motor carrier operations           24,952             -             -
    Forwarding operations                       136,166        30,359             -
    Logistics operations                         34,299         8,488         3,736
    Tire operations                             140,328       127,115       101,240
    Service and other                             5,433         1,993         1,862 
                                              1,460,738     1,050,306       958,549 
OPERATING INCOME (LOSS)                         (23,459)       48,115        51,369

OTHER INCOME (EXPENSE)
    Gains on asset sales                          3,194         2,168         2,509
    Interest                                    (17,046)       (6,985)       (7,248)
    Minority interest in subsidiary - Note A     (1,297)       (3,523)       (3,140)
    Other, net                                   (8,379)       (3,136)       (3,240)
                                                (23,528)      (11,476)      (11,119)

INCOME (LOSS) BEFORE INCOME 
    TAXES AND EXTRAORDINARY ITEM                (46,987)       36,639        40,250

FEDERAL AND STATE INCOME TAXES 
(CREDIT) -- Note G
        Current                                  (5,200)       14,743        21,386
        Deferred                                 (8,995)        3,189        (2,108)
                                                (14,195)       17,932        19,278 

INCOME (LOSS) BEFORE EXTRAORDINARY ITEM     $   (32,792)  $    18,707   $    20,972
EXTRAORDINARY ITEM -- Note H
    Loss on extinguishments of debt                   -             -          (661)
NET INCOME (LOSS)                           $   (32,792)  $    18,707   $    20,311 

PER COMMON SHARE -- Notes C and H
    Income before extraordinary item        $     (1.90)  $       .74   $       .89
    Extraordinary item                                -             -          (.04)
    Net income (loss)                       $     (1.90)  $       .74   $       .85

CASH DIVIDENDS PAID PER COMMON SHARE        $       .04   $       .04   $       .04
AVERAGE COMMON SHARES OUTSTANDING - Note C   19,520,756    19,351,796    19,193,582
See notes to consolidated financial statements.