ArcBest’s Q2 a step on path to recovery
ArcBest’s second quarter highlighted improvements in operations across its business units.
ArcBest’s second quarter highlighted improvements in operations across its business units.
Transportation and logistics provider ArcBest announced it is cutting 2% of its workforce and closing 10 less-than-truckload terminals.
Manufacturing activity grew for a sixth straight month in June, providing another tailwind to an already supply-constrained trucking market.
ArcBest announced Monday a 5.9% general rate increase for less-than-truckload services, which is about six weeks ahead of the timing of its 2025 rate bump.
ArcBest raised operating income expectations for both of its business units.
ArcBest is seeing some positive signs as carriers gain the upper hand in negotiations.
ArcBest beat first-quarter expectations Tuesday before the market opened.
ArcBest’s February update displayed stable results for its less-than-truckload segment, while its outlook for asset-light operations improved.
ArcBest is cutting costs and improving processes as the market looks to shake off a prolonged downturn.
Transportation and logistics provider ArcBest missed fourth-quarter consensus expectations.
ArcBest reported improvement in revenue trends during November but reiterated its expectation for margin erosion in the fourth quarter.
ArcBest flagged margin concerns heading into the seasonally weakest part of the year.
ArcBest beat expectations for the third quarter but flagged significant margin deterioration in its asset-based unit in the fourth quarter.
Yellow Corp. has entered agreements to sell four terminals for $6.1 million as its liquidation process nears its end.
ArcBest talks up numbers at its first investor day since 2015.
ArcBest lowered third-quarter margin expectations for its asset-based unit, which includes less-than-truckload operations.
Transportation and logistics provider ArcBest is relying on cost and efficiency initiatives to get through the downturn.
ArcBest missed analysts’ expectations for the second quarter.
ArcBest announced CEO Judy McReynolds will retire at the end of the year after a 15-year run at the helm.
An electric Tesla semi recently piloted by ArcBest performed comparably to its diesel counterparts, the company announced Wednesday.