The new ABF contract includes a 1.2% wage increase in 2018 and average annual increases of 1.

6%
over the next 5 years. This is below the 2.0% to 2.5% annual increases of the previous contract. Keep
in mind ABF Teamsters approved a 7% wage concession in 2013.

Historic average annual inflation over the years

May 1, 2018 2.80% Jan 1, 1983 3.71%
Jan 1, 2018 2.07% Jan 1, 1982 8.39%
Jan 1, 2017 2.50% Jan 1, 1981 11.83%
Jan 1, 2016 1.37% Jan 1, 1980 13.91%
Jan 1, 2015 -0.09% Jan 1, 1979 9.28%
Jan 1, 2014 1.58% Jan 1, 1978 6.84%
Jan 1, 2013 1.59% Jan 1, 1977 5.22%
Jan 1, 2012 2.93% Jan 1, 1976 6.72%
Jan 1, 2011 1.63% Jan 1, 1975 11.80%
Jan 1, 2010 2.63% Jan 1, 1974 9.39%
Jan 1, 2009 0.03% Jan 1, 1973 3.65%
Jan 1, 2008 4.28% Jan 1, 1972 3.27%
Jan 1, 2007 2.08% Jan 1, 1971 5.29%
Jan 1, 2006 3.99% Jan 1, 1970 6.18%
Jan 1, 2005 2.97% Jan 1, 1969 4.40%
Jan 1, 2004 1.93% Jan 1, 1968 3.65%
Jan 1, 2003 2.60% Jan 1, 1967 3.46%
Jan 1, 2002 1.14% Jan 1, 1966 1.92%
Jan 1, 2001 3.73% Jan 1, 1965 0.97%
Jan 1, 2000 2.74% Jan 1, 1964 1.64%
Jan 1, 1999 1.67% Jan 1, 1963 1.33%
Jan 1, 1998 1.57% Jan 1, 1962 0.67%
Jan 1, 1997 3.04% Jan 1, 1961 1.71%
Jan 1, 1996 2.73% Jan 1, 1960 1.03%
Jan 1, 1995 2.80% Jan 1, 1959 1.40%
Jan 1, 1994 2.52% Jan 1, 1958 3.62%
Jan 1, 1993 3.26% Jan 1, 1957 2.99%
Jan 1, 1992 2.60% Jan 1, 1956 0.37%
Jan 1, 1991 5.65% Jan 1, 1955 -0.74%
Jan 1, 1990 5.20% Jan 1, 1954 1.13%
Jan 1, 1989 4.67% Jan 1, 1953 0.38%
Jan 1, 1988 4.05% Jan 1, 1952 4.33%
Jan 1, 1987 1.46% Jan 1, 1951 8.09%
Jan 1, 1986 3.89% Jan 1, 1950 -2.08%
Jan 1, 1985 3.53% Jan 1, 1949 1.27%
Jan 1, 1984 4.19% Jan 1, 1948 10.23%
Jan 1, 1947 18.13%