Tag: ArcBest

ArcBest posts decline in second quarter income, revenue; misses estimates

Fewer orders and smaller shipments were primarily responsible for a 60.5% decline in second quarter net income at Fort Smith-based ArcBest, the company reported Friday (July 28). Revenue in the…

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…

First quarter revenue, net income down at ArcBest

First quarter revenue at ArcBest was down almost 13% compared with the same quarter in 2022, the Fort Smith-based company reported Friday (April 28). Reduced consumer demand and a tougher…

ArcBest names new chief financial officer

Matt Beasley will be the next chief financial officer at Fort Smith-based ArcBest beginning May 14. Beasley, now the company’s treasurer, is succeeding David Cobb, who is retiring after 17…

ArcBest update shows lower revenue, softer demand in early 2023

A Monday (March 6) ArcBest update suggests that pricing benefits for shipping and logistics companies from the global supply chain pressure that emerged during COVID-19 shutdowns and other disruptions in…

ArcBest sells FleetNet in a $100 million cash deal

Fort Smith-based ArcBest announced Tuesday (Feb. 28) the sale of its FleetNet segment to Cox Automotive in a $100 million cash deal. The maintenance and repair unit of ArcBest generated…

ArcBest 2022 net income up almost 40%; shipping demand dips in fourth quarter

Fort Smith-based ArcBest posted a record year for revenue and net income. However, fourth-quarter earnings per share and revenue missed analyst estimates primarily because of a shipping demand decline. The…

ArcBest third quarter net income up almost 40%; year-to-date income up more than 76%

ArcBest is shipping and managing the shipment of more stuff and getting paid more to do both. It’s why the Fort Smith-based company is on track to post record revenue…

ArcBest boss lands on Forbes’ 2022 Entrepreneurs list

ArcBest President, CEO and Board Chairman Judy McReynolds was included on the prestigious 2022 Forbes 50 Over 50 Entrepreneurs list that included a NASA executive and CEO of a large…

ArcBest net income up 104% in the first half of 2022

Unwinding the global supply chain continues to benefit Fort Smith-based ArcBest. The logistics and shipping company on Friday (July 29) reported a 104% increase in net income in the first…

ArcBest posts record quarterly net income, boosts quarterly dividend

Record quarterly net income, driven in part by a more than 20% increase in a key billing measure, has Fort Smith-based ArcBest rewarding shareholders with a $75 million share buyback…

First quarter financials expected to be good for ArcBest, USA Truck

Analysts with Stephens Inc. believe other equity market watchers are underestimating the first-quarter financial numbers Fort Smith-based ArcBest and Van Buren-based USA Truck will report later this week. They also…

ArcBest posts record full year revenue, net income

For the second consecutive quarter, Fort Smith-based ArcBest posted revenue above $1 billion, and full-year net income of $213.521 million was three times the $71.1 million in 2020. Full-year earnings…

ArcBest invests $25 million in Silicon Valley startup Phantom Auto

Fort Smith-based shipping and logistics company ArcBest has invested $25 million in Phantom Auto, a Silicon Valley-based provider of remote vehicle operation software. According to an ArcBest news release Wednesday…

ArcBest quarterly revenue tops $1 billion for first time

For the first time in ArcBest’s 98-year history, the Fort Smith-based shipping and logistics company topped $1 billion in quarterly revenue. Third-quarter revenue was $1.016 billion, up 27.9% compared with…

ArcBest posts second annual ESG report, pledges to work with ISS on ‘targets’

Fort Smith-based ArcBest has published its second annual Environmental, Social and Corporate Governance (ESG) report, with the trucking and logistics company noting it is working with Institutional Shareholder Services to…

‘High demand’ pushes quarterly income up more than 200% at ArcBest

There’s good money in moving stuff from point A to point B. Fort Smith-based ArcBest posted a more than 200% increase in adjusted net income in the second quarter, with…

ArcBest donates $1 million to Peak Center to sponsor Community Room/Maker Space

Fort Smith-based ArcBest, a shipping and logistics company, announced Friday (May 7) it will make a $1 million investment in the Peak Innovation Center, a regional career and technology center…

Improving consumer demand helps ArcBest quarterly revenue and income beat estimates

More consumer demand and not enough equipment to ship what the consumer demands helped Fort Smith-based ArcBest boost first-quarter revenue by more than 18% and post earnings per share of…

ArcBest net income up 77.8% in 2020, revenue declines

A strong fourth quarter in which tonnage shipped per day was up almost 8% helped Fort Smith-based ArcBest post 2020 net income of $71.1 million, up 77.8% compared with the…