July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
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.
Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.
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 announced the launch of ArcBest View, a digital platform allowing logistics customers to manage all shipments and shipment functions through a single interface.
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.
A dangerous driver is still in a truck with his own DOT number, operating under someone else’s authority.
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.
FedEx Freight has its first rating from a credit agency and it’s less than FedEx.
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.
Old Dominion Freight Line was named as the top national carrier for a 16th straight year by Mastio & Co.
