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ArcBest Sees August Tonnage Dip In Efforts To Bolster LTL Service
Wednesday, September 8, 2021 - 11:42am | 1040Transportation and logistics provider ArcBest Corp. provided an update on August's trends on Wednesday. The company's asset-based segment, which includes less-than-truckload, saw tonnage decline 4% year-over-year during August, a turnaround from the 5% increase recorded during July. The year-ago...
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ArcBest Posts Record Revenue, Operating Income In Q2
Monday, August 2, 2021 - 12:28pm | 531Operating ratio moves favorably by 550 basis points; net income triples year-over-year results The company's earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020's second quarter. LTL and asset-light provider ArcBest Corp. reported on Monday...
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ArcBest's Capital Spending Plan Signals Confidence In Prolonged Freight Cycle
Tuesday, May 4, 2021 - 1:01pm | 778Management from ArcBest Corp. (NASDAQ: ARCB) said a "robust demand" environment has them already thinking about the 2022 capital expenditures budget during a call with analysts Tuesday. The company is looking to improve its capacity profile to capture the incremental freight demand in the market....
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ArcBest Blows Past First-Quarter Expectations
Tuesday, May 4, 2021 - 11:09am | 579Logistics provider ArcBest Corp. (NASDAQ: ARCB) reported record first-quarter results Tuesday. Adjusted earnings per share were $1.01 compared to the consensus estimate of 58 cents per share and the year-ago result of 36 cents per share. Total revenue increased 18.2% year-over-year to $829 million...
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ArcBest Q2 Well Ahead Of Estimates
Wednesday, July 29, 2020 - 1:33pm | 491ArcBest Corp (NASDAQ: ARCB) reported adjusted earnings per share (EPS) of $0.67, well ahead of the break-even consensus estimate. The asset-based division, which includes less-than-truckload (LTL) operations, reported a 17.8% year-over-year revenue decline to $460 million. Tonnage was down 13.8%...
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ArcBest Makes Its Numbers But The Quarter Overall Is Weak
Friday, January 31, 2020 - 10:03am | 712ArcBest (NASDAQ: ARCB) posted quarterly earnings that exceeded, on a non-GAAP basis, the Wall Street consensus of how it would perform in the fourth quarter of 2019. The LTL carrier's non-GAAP earnings were 56 cents per share, which topped consensus by 11 cents, according to SeekingAlpha. Revenue...
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ArcBest Posts Weak Third-Quarter Results As Down Demand, High Costs Weigh
Friday, November 1, 2019 - 1:39pm | 647Trucking and logistics provider ArcBest Corp. (NASDAQ: ARCB) reported late on October 31 lower third-quarter revenue, shipments and tonnage over strong year-earlier numbers. The company's year-over-year weakness continued into October with 7% to 9% year-over-year declines in revenue, shipment and...