The company laid out its strategy in an SEC filing in the third quarter, and the fact that it is succeeding was evident in the numbers.
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
ArcBest posted excellent operating results for the third quarter, but executives failed to clarify the company’s pension liabilities, which were the subject of a controversial short seller report last month.
Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.
There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.
FreightWaves spoke to ArcBest officers about Off Wall Street’s research report, which they said raised concerns about off-balance sheet liabilities related to pensions.
ArcBest Corporation (NASDAQ: ARCB) recently finalized a new 5-year contract with the International Brotherhood of Teamsters. The new contract brought “major gains” for members, including vacation restoration, wage increases and health benefit preservation.
The company turned a first quarter 2017 loss into a profit this year.
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
