ArcBest announces departure of veteran executive Danny Loe

Fort Smith-based ArcBest on Thursday (June 8) reported that veteran executive Danny Loe is leaving the company effective June 16 “to explore other opportunities.”

Loe was the chief yield officer for the shipping and logistics company. He will be succeeded by Christopher Adkins, vice president yield strategy. According to ArcBest, Adkins will expand his responsibilities to include yield, moving, and costing management and be named vice president – yield strategy and management, effective June 17.

“Danny has been instrumental in building an incredible yield team,” Judy McReynolds, ArcBest chairman, president and CEO, said in the statement. “Since joining ArcBest 26 years ago, Danny has played a key role in many of the initiatives that position ArcBest as a leading logistics company. We thank Danny for his contributions and wish him all the best.”

Loe was named chief yield officer in January 2017, and also was president of Asset-Light Logistics from September 2020 to March 2023. Loe’s other jobs at ArcBest include vice president of Enterprise Solutions from May 2014 to December 2016, vice president of Yield Management for ABF Freight, and director of Marketing and Public Relations for ABF Freight. He joined the company in 1997 as an associate pricing analyst for ABF Freight. Loe holds a bachelor’s degree in industrial engineering from the University of Arkansas.

In the recent fiscal year, Loe had total compensation of $1.611 million, which included $525,000 from a long-term incentive pay plan for the 2020-2022 period.

“It has been a privilege to spend most of my career at ArcBest and to lead such an exceptional group of people I am proud of everything we accomplished together and wish them great success in the future,” Loe said.

Adkins, who was a 2022 member of the Northwest Arkansas Business Journal’s Forty Under 40 recognition program, has been part of ArcBest’s initiatives in automated price quotes, space-based pricing and dynamic LTL offering. He holds a bachelor’s degree in industrial engineering from the University of Arkansas.

“Christopher has been a values-driven leader for our yield team, and we look forward to working with him in his new role,” McReynolds said. “I anticipate a seamless leadership transition with Christopher’s expertise and deep knowledge of our company and industry.”

ArcBest shares (NASDAQ: ARCB) closed Thursday at $87.93, up 41 cents. During the past 52 weeks the share price has ranged between $104.87 and $66.35.