Tag: ArcBest

Record quarterly revenue of $826 million posted by ArcBest

ArcBest blew past third quarter revenue and net income estimates thanks primarily to higher shipping prices, a “steady freight environment” and fuel surcharges. Net income in the quarter was $40.776…

Analysts optimistic about USA Truck, note concerns with ArcBest

USA Truck has an “attractive” future, while ArcBest is doing well but could have cost structure problems, according to Brad Delco, equity analyst for Little Rock-based Stephens Inc., and Associate…

ArcBest posts record quarterly revenue, pension fund charge dings income

Better pricing in a transportation sector witnessing more freight demand than shipping supply helped push Fort Smith-based ArcBest to record quarterly revenue of $793.35 million, better than the consensus estimate…

ArcBest share price up 28% in Friday trading, sets new 52-week high

Friday (May 11) was Good Friday for shareholders of Fort Smith-based ArcBest after the company’s share price – fueled by a much better than expected first quarter report published Thursday…

ArcBest first quarter revenue up 7.5%, beats estimates on income and revenue

It was a better than expected first quarter for Fort Smith-based ArcBest, which posted net income of $9.954 million, a wide swing from the first quarter 2017 loss of $7.407…

ArcBest CEO Judy McReynolds’ salary unchanged in 2017, total compensation up 31%

Judy McReynolds, chairman, president and CEO of Fort Smith-based ArcBest Corp., didn’t receive a salary increase in 2017, but her total compensation rose 31.9% to $2.126 million. On March 22,…

ArcBest joins J.B. Hunt, more than 250 companies, in blockchain alliance

ArcBest has joined J.B. Hunt, Tyson Foods, and Walmart, as an Arkansas-based company in the logistics and transportation business to embrace blockchain technology. The Fort Smith-based company joins with more…

ArcBest closes out 2017 with healthy income gains

Fourth quarter and full-year net income was up 53% and 46.3%, respectively, for Fort Smith-based ArcBest, and fourth quarter earnings per share of 42 cents beat the consensus estimate of…

E-commerce pushes transportation industry toward same-day delivery, unheard of 10 years ago

E-commerce sales have nearly doubled in the past five years to $450 billion, accounting for 8.4% of all retail sales, and the rise has significantly impacted the supply chain as…

LTL freight demand surges, tough negotiations underway at ABF Freight

Demand for less-than-truckload (LTL) carriers continued to rise in the fourth quarter as freight demand from traditional LTL markets and truckload spillover increased and pricing trends accelerated, but difficult negotiations…

ArcBest income up 22.5% in third quarter, up 43.4% year-to-date

Improving margins by shedding unprofitable accounts and a better freight market helped ArcBest beat third-quarter earnings expectations. The company missed on the revenue estimate and Stifel analysts put a hold…

Second quarter income up 54% for ArcBest, year-to-date income up more than 102%

A boost in tonnage and the number of shipments helped Fort Smith-based ArcBest Corp. post second quarter net income of $15.777 million, up 54% compared to the same quarter in…

ArcBest reports $7.40 million loss, stock down 20%

ArcBest’s revenue rose 4% in the first quarter, but it experienced a 21% larger loss related to changes in freight in its less-than-truckload business and weaker demand, especially in the…

Final mile delivery grows for J.B. Hunt, ArcBest; UPS to test autonomous robot at University of Arkansas

From his office in the Willard J. Walker Hall at the University of Arkansas, John Kent, director of the Supply Chain Management Research Center, sees an autonomous robot driving on…

Revenue up at ArcBest, but full year net income falls more than 58%

More than $8 million in restructuring charges and a “challenging freight environment” pushed ArcBest’s 2016 net income down more than 58%. Fourth quarter and full year income fell well below…

‘Significant’ ArcBest restructuring includes moving logistics under one brand, will result in 130 job cuts

ArcBest is undergoing a “significant” change in the shipping and logistics company’s management structure that will result in a loss of 130 jobs. The moves will “differentiate ArcBest from the…

Quarterly income down 32% at ArcBest, non-trucking segments see revenue gains

Third quarter income for Fort Smith-based ArcBest Corp. was down more than 32%, and income in the first nine months of 2016 is down 57.2% compared with the same period…

ArcBest quarterly income falls 48.7%, income down 80% for first half of 2016

ArcBest Corp. posted second quarter income of $10.231 million, 48.7% below the same quarter in 2015 and four cents per share below the consensus estimate. Officials with the Fort Smith-based…

U.S. ‘economic weakness’ pushes ArcBest first quarter loss to $6.1 million

ArcBest posted a first quarter net income loss of $6.103 million, more than double what market watchers expected. The company said headwinds in the quarter included a “weak” U.S. manufacturing…

ArcBest on schedule with corporate office expansion, plans include retail space

The massive new ArcBest corporate headquarters structure taking form on a Chaffee Crossing ridge overlooking much of southeast Fort Smith is on schedule for a spring 2017 completion, said ArcBest…