Dynamic pricing, easy comps end 22-month tonnage downturn at ArcBest
Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.
Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.
ArcBest said it’s still seeing a rational less-than-truckload pricing environment and expects a normal seasonal uptick in demand during the second quarter.
ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.
ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.
Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.
ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.
ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.
Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.
Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.
ArcBest missed third-quarter expectations and is guiding to more than 500 basis points of less-than-truckload operating ratio degradation in the fourth quarter.
ArcBest sees weak trends in both its asset-based and asset-light segments during the third quarter.
A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.
ArcBest reported second-quarter results on Friday, which came in light of analysts’ expectations.
ABF Freight head Seth Runser has been named president of ArcBest. He will be succeeded by the less-than-truckload carrier’s engineering vice president, Matt Godfrey.
ArcBest missed first-quarter expectations on Tuesday.
Less-than-truckload carrier ABF Freight announced a new five-year collective bargaining agreement has been ratified by its union employees.
Less-than-truckload carrier ABF Freight announced Wednesday that it reached a tentative labor agreement with the Teamsters.
The Teamsters union has authorized a strike at ABF Freight.
Los jefes de los Teamsters prometen “luchar como locos” contra los acuerdos de ABF y TForce
The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.