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                                                                       EXHIBIT 3
 
                                 PRESS RELEASE
 
     The Board of Directors of WorldWay Corporation (formerly Carolina Freight
Corporation) announced today the proposed purchase by Arkansas Best Corporation
of all of WorldWay Corporation's outstanding shares.
 
     Lary Scott, Chairman and CEO of WorldWay, noted, "We are in an industry in
which critical mass and density are the key factors for providing service levels
at a cost which allows the company to be competitive.
 
     ABF has an enviable track record in that they have operated more
successfully than any of the big four National Master Freight Agreement
companies. I expect that after a short period of time, with additional business
levels from Carolina Freight and a selective pool of professional employees from
the two companies, ABF Freight System will improve its impressive performance
even further. The acquisition of WorldWay's other subsidiaries will also add to
Arkansas Best Corporation's diversity into international markets, truckload
distribution, logistics, and other related services. Such diversity is the
direction in which all major players in the transportation industry are moving
to compete effectively in today's marketplace."
 
     Mr. Scott further stated, "The directors of WorldWay Corporation believe
that given the extensive changes that have taken place in the transportation
market place over the past five years, this creative combination is in the best
interest of the shareholders of WorldWay Corporation."
 
     WorldWay Corporation is the holding company for seven subsidiaries
providing domestic and international surface transportation services as well as
logistics management and third-party services. Subsidiaries include Carolina
Freight Carriers Corporation. G.I. Trucking Company, Red Arrow Freight Lines,
Inc., Cardinal Freight Carriers, Inc., Innovative Logistics Incorporated, The
Complete Logistics Company, and CaroTrans International, Inc.
 
     Arkansas Best Corporation is a diversified holding company engaged through
its subsidiaries primarily in motor carrier operations and truck tire retreading
and sales. Principal subsidiaries owned are ABF Freight System, Inc., Treadco,
Inc., Clipper Exxpress Company, and ABC Treadco, Inc.