ArcBest announced CFO David Cobb will retire in October 2023.
Less-than-truckload tonnage declined at an accelerated pace through November.
ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.
The ABF subsidiary ArcBest began hiring days last year to help aid in recruitment; FreightWaves was invited to one.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
ArcBest reported better-than-expected results again during the second quarter.
Battling for loads in the declining spot market is exhausting for drivers who lack relationships and connectedness to customers.
A couple of less-than-truckload carriers reported positive demand trends for the first two months of the second quarter.
“As a $4 billion industry leader, we have a great responsibility to pursue activities and initiatives that improve the sustainability of our operations, provide an inclusive workplace for all and give back to the communities where we operate.”
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
