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.
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.
Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.
ArcBest announced it has hired former C.H. Robinson brokerage President Mac Pinkerton to lead operations at its asset-light logistics segment.
ArcBest has provided an update on a pilot for its freight dimensioning tech on forklifts and announced a key hire in the unit.
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.
Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.
ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.
J.P. Morgan analyst Brian Ossenbeck warned in a research note that Amazon’s entry as a for-hire competitor poses a substantial risk to LTL stocks.
Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.
ArcBest announced Monday it is piloting a forklift that also acts as a freight dimensioner.
ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.
