The freight company ArcBest Corp. might acquire ABF Freight, according to BizJournals, in a move that would pull a part of ABF out of Arkansas and into Memphis. The move would mean that 420 jobs in the Arkansas facility would move to Memphis, according to current employees at the company. While no official decision has been made yet, the option has been discussed with employees and there is also a potential discussion to keep some jobs in Arkansas and move only some to Memphis. The company plans to retain a small number of employees, about 20 or so, in Little Rock to handle city deliveries, according to insider reports.

So what does this mean for the Memphis job market? Not much in terms of new positions opening up. The company, which will offer most of the positions to current employees, is expected to seek incentives shortly in Tennessee, Mississippi, or both before making a final decision at the end of June on its location, according to the employees, who spoke on the condition of anonymity.

However, it is likely that the trucking terminal will be moved to Memphis, which would create some job opportunity, though the required amount of space doesn’t quite exist in the local industrial market.