ArcBest

ArcBest Corp. is a logistics company which provides end-to-end supply chain services with a focus on innovation. It operates through the following business segments: Asset-Based, ArcBest and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company's expedite, truckload, and truckload-dedicated businesses as well as its premium logistics services, and international freight transportation with air, ocean, and ground service offerings. The FleetNet segment covers the operations of FleetNet America, Inc., and certain other subsidiaries that provide roadside assistance and maintenance management services for commercial vehicles through a network of third-party service providers. The company offers a full array of logistics solutions to optimize customers supply chains, while continuing to offer asset-based less-than-truckload (LTL) services through the ABF Freight network and ground expedite services under the Panther Premium Logistics brand. Its service offerings also include truckload, dedicated, managed transportation, intermodal, international air and ocean, time critical, warehousing and distribution, and household goods moving services. ArcBest was founded in 1923 and is headquartered in Fort Smith, AR.

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ArcBest achieves record revenue, navigates challenges with strategic investments

ArcBest's Q4 2022 performance reflects strong revenue growth, operational resilience, and strategic investments positioning the company for future success.
While facing challenges such as decelerating customer demand and cost management, ArcBest's strengths in pricing power, innovation, and logistics optimization offer avenues for sustained growth.
Opportunities lie in technology advancements, supply chain optimization, and strategic growth initiatives, signaling a positive outlook for ArcBest's future growth and profitability.

ArcBest shows resilience in Q1 amidst revenue decline and challenges

ArcBest navigated challenges by expanding solutions, investing in technology and talent, and maintaining a healthy cash balance. The company's strategic focus on efficiency, customer service, and growth opportunities positions it well for the future.

ArcBest reports mixed Q2 results, eyes M&A for growth

ArcBest's Q2 2023 performance reflected a mixed financial picture with revenue and operating income decreasing, but core LTL-rated business pricing increasing sequentially.
The company's strengths lie in employee relationships, industry awards, and the ability to scale up capacity, while challenges include managing cost increases and market disruptions.
Opportunities for ArcBest include potential M&A activities, improving operating ratios, and leveraging technology and employee engagement for future growth.

ArcBest reports strong Q3 performance, eyes growth amid market challenges

ArcBest's Q3 performance reflects a strong focus on cost efficiency, customer relationships, and strategic investments in technology and labor availability.
While facing challenges in the Asset-Light business and pricing environment, the company is actively pursuing opportunities in freight redistribution and market recovery.
Strategic strengths in customer-centricity, operational efficiency, and growth targeting position ArcBest for sustainable improvement in operating ratio and long-term success.
By balancing cost management, revenue optimization, and growth strategies, ArcBest aims to navigate market disruptions and drive profitability in a dynamic logistics landscape.

ArcBest reports robust revenue and operational improvements amidst market challenges

ArcBest's financial performance remained strong despite market challenges, with a focus on cost-cutting and revenue growth.
The company showcased strengths in labor agreements, innovative technology, and industry recognition.
Challenges include market growth drivers, network consistency, and optimizing cost structures.
Opportunities lie in leveraging integrated logistics, diversifying carriers, and enhancing customer experience through efficient operations.

ArcBest reports solid Q1 earnings, eyes growth amidst challenges

ArcBest delivered strong first-quarter results with solid revenue and operational income, despite challenges like severe weather and impairment charges. The company's strategic investments and focus on operational excellence position it well for future growth and efficiency.
While facing labor cost increases and challenges in the asset-light segment, ArcBest remains committed to productivity improvements and balancing price and volume for sustainable growth. Opportunities for growth are seen in core shipments and operational efficiency efforts.

ArcBest reports robust Q2 earnings, eyes efficiency gains for growth

ArcBest's Q2 2024 earnings call showcased a strong financial performance, driven by efficiency gains and strategic pricing initiatives.
Despite challenges in the freight cycle, the company remains focused on growth, innovation, and service excellence to drive value for stakeholders.
Analysts' inquiries and long-term guidance underscore ArcBest's commitment to transparency, efficiency, and sustainable growth in a competitive market.

ArcBest reports Q3 challenges but showcases service excellence and innovation

ArcBest navigated challenges in revenue and operating income but demonstrated strengths in service excellence and innovation.
Efforts to optimize workforce, expand facilities, and invest in technology position the company for future growth.
Strategic leadership changes and a commitment to efficiency and innovation underscore ArcBest's resilience and adaptability.

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ArcBest Corp. is a logistics company which provides end-to-end supply chain services with a focus on innovation. It operates through the Asset-Based and Asset-Light business segments. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The Asset-Light segment consists of logistics services using third-party vendors to provide transportation services. The company was founded in 1923 and is headquartered in Fort Smith, AR.

FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest was named a 2023 Forbes America's Best-in-State Employer. ArcBest ranks #3 in Arkansas and #1 in the state for transportation and logistics.

ArcBest Recognized by Forbes as One of America's Best-in-State Employers for 2023

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ArcBest Corporation (ARCB) Q2 2023 Earnings Call Transcript

The headline numbers for ArcBest (ARCB) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

ArcBest (ARCB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

ArcBest (ARCB) came out with quarterly earnings of $1.54 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $4.30 per share a year ago.

ArcBest (ARCB) Q2 Earnings and Revenues Lag Estimates

Well-positioned to serve customers in a rapidly changing market Increased focus on efficient and effective operations Second quarter 2023 net income of $40.4 million, or $1.64 per diluted share. Second quarter 2023 net income from continuing operations of $39.6 million, or $1.60 per diluted share.

ArcBest Announces Second Quarter 2023 Results

FORT SMITH, Ark. , July 10, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB) will announce its second quarter 2023 financial results prior to the opening market on Friday, July 28, 2023.

ArcBest Announces Its Second Quarter 2023 Earnings Conference Call

Five-year ABF National Master Freight Agreement with International Brotherhood of Teamsters fully ratified including all regional agreements Final 2 of 27 supplemental agreements passed this week Implementation of new contract on July 16, 2023 FORT SMITH, Ark. , July 7, 2023 /PRNewswire/ -- ABF Freight, an ArcBest company (Nasdaq: ARCB), is pleased to report the new five-year ABF National Master Freight Agreement will be implemented on July 16, 2023, following the ratification this week of the two remaining supplemental agreements.

ABF Freight® Teamsters Contract Fully Ratified

Five-year ABF National Master Freight Agreement with International Brotherhood of Teamsters ratified overwhelmingly, along with 25 of 27 supplemental agreements Two rejected supplements have reached new tentative agreement and will be revoted next week ABF Teamster employees to continue working under current contract FORT SMITH, Ark., June 30, 2023 /PRNewswire/ -- ABF Freight System, Inc., a subsidiary of ArcBest Corporation (Nasdaq: ARCB), is pleased to report the new five-year ABF National Master Freight Agreement has been ratified overwhelmingly by ABF Teamster-represented employees, providing for increased wages and benefits, two additional sick days, a paid Martin Luther King Jr. holiday and other generous provisions.

ABF Freight® National Master Freight Agreement Ratified

ArcBest Corporation is a strong buy due to its effective use of FCF, solid balance sheet, and network expansion. The company is currently undervalued by approximately 36%, with a fair value estimate of around $132.63. ArcBest's network expansion in the Southeastern United States has increased accessibility and response to consumer needs, resulting in overall growth.

ArcBest Corporation: Network Expansion Fostering Growth Through Additional Utility

ArcBest Corp. ( ARCB , Financial) celebrates its 100th year of business this year and continues to be an integral part of the U.S. trucking industry, which is one of the most valuable segments to the country's transportation infrastructure. 90% of the food U.S. residents eat is transported via trucks.

ArcBest: A Best-In-Class Trucking Company

Transportation and logistics provider ArcBest said Thursday that Chief Yield Officer Danny Loe has resigned to “explore other opportunities.” Loe informed the company on Monday that his last day would be June 16.

ArcBest's chief yield officer steps down

FORT SMITH, Ark. , June 8, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced its Chief Yield Officer Danny Loe has decided to leave the company effective June 16 to explore other opportunities.

ArcBest Announces Promotion of Christopher Adkins as Yield Leader and Departure of Chief Yield Officer Danny Loe

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Call Start: 09:30 January 1, 0000 10:37 AM ET ArcBest Corporation (NASDAQ:ARCB ) Q1 2023 Earnings Conference Call April 28, 2023 09:30 ET Company Participants David Humphrey - Vice President of Investor Relations Judy McReynolds - Chairman, President & Chief Executive Officer David Cobb - Chief Financial Officer Steven Leonard - Chief Commercial Officer & President of Asset-Light Logistics Danny Loe - President of Asset-light Logistics, and Chief Yield Officer Conference Call Participants Jack Atkins - Stephens Inc. Jordan Alliger - Goldman Sachs Chris Wetherbee - Citigroup Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Jason Seidl - Cowen Bruce Chan - Stifel Nicolaus Ari Rosa - Credit Suisse Operator Greetings, and welcome to the ArcBest First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded on Friday, April 28, 2023.

ArcBest Corporation (ARCB) Q1 2023 Earnings Call Transcript

Transportation and logistics provider ArcBest is relying more on transactional freight to keep its network full as demand has cooled. The company recorded shipment growth in both its asset-based and asset-light segments during the first quarter, a stark contrast to reports from its competitors.

ArcBest defends dynamic pricing strategy

ArcBest (ARCB) came out with quarterly earnings of $1.58 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $3.08 per share a year ago.

ArcBest (ARCB) Lags Q1 Earnings and Revenue Estimates

Grew Shipments Despite a Softer Market Backdrop Executing on Accelerated Return of Capital to Shareholders Following Recent Sale of FleetNet America First quarter 2023 net income, including discontinued operations, was $71.3 million, or $2.84 per diluted share, including an after-tax gain on the sale of FleetNet America® of $51.4 million, or $2.05 per diluted share, which is subject to post-closing adjustments. Generated first quarter 2023 net income from continuing operations of $18.8 million, or $0.75 per diluted share.

ArcBest Announces First Quarter 2023 Results

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ArcBest (ARCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: ArcBest (ARCB) Q1 Earnings Expected to Decline

Company honored as a 2023 VETS Indexes 4 Star Employer and recognized for its TMAP program FORT SMITH, Ark. , April 19, 2023 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that the company has won a VETS Indexes Employer Award, earning a 4 Star Employer designation.

ArcBest Recognized for Employing, Developing and Supporting Veterans and the Military-Connected Community

Transportation and logistics provider ArcBest announced Thursday that finance veteran Matt Beasley will take over as chief financial officer on May 14. He will also retain his current role as the company's treasurer.

ArcBest names new CFO

FORT SMITH, Ark. , April 6, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has named Matt Beasley as its next chief financial officer and treasurer, effective May 14, 2023.

ArcBest Names Experienced Finance Executive Matt Beasley as Next Chief Financial Officer

FORT SMITH, Ark. , April 3, 2023 /PRNewswire/ -- ArcBest ®  (Nasdaq: ARCB) will announce its first quarter 2023 financial results prior to the opening market on Friday, April 28, 2023.

News for ArcBest Stock (ARCB)