Tag: ArcBest

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…

ArcBest posts gains in quarterly income and revenue, beats estimates

An improved freight market environment allowed Fort Smith-based ArcBest to better balance revenue with costs resulting in quarterly net income growth of 80.7% and operating income gains in its trucking…

ArcBest adapts to changes amid COVID-19 pandemic

Fort Smith-based logistics company ArcBest, the parent company of less-than-truckload carrier ABF Freight, has worked to overcome numerous challenges that have come about because of the COVID-19 pandemic. Judy McReynolds,…

Loe, Anderson take on new roles in ArcBest management changes

Fort Smith-based ArcBest announced Tuesday (Sept. 1) that Danny Loe will add the role of president of the company’s asset-light segment while also retaining the title of chief yield officer…

ArcBest second quarter income down almost 35%, some cost-cutting measures end

Revenue and income at Fort Smith-based ArcBest for the first half of 2020 are below that of the same period in 2019, but improving conditions have allowed an end to…

First quarter revenue, net income down for ArcBest; company cites COVID-19 impacts

Economic disruption from the COVID-19 pandemic “did not have a significant impact” on ArcBest in the first quarter, but revenue for the shipping and logistics company fell 20% in April,…

Pay cuts, hiring freeze made at ArcBest in response to COVID disruptions

ArcBest, one of the largest employers in the Fort Smith metro, is cutting pay, implementing a hiring freeze and taking other “cash preservation” measures as the COVID-19 pandemic has resulted…

ArcBest sees revenue decline in 2019, pays out first-ever bonus to union members

ArcBest posted 2019 net income of $39.985 million, well below the $67.262 million in 2018, but the sixth consecutive year of positive income. The transportation holding company also announced a…

Investor note positive on ArcBest, shares rise more than 6%

Transportation industry analysts with Stephens Inc. remain positive about Fort Smith-based ArcBest even as the company reported lower than expected third quarter earnings, and even with reports of a tough…

Slower economy pushes quarterly income down 60% at ArcBest

Reduced customer demand thanks to a “more moderate” national economy pushed revenue and income down for Fort Smith-based ArcBest. Net income in the third quarter was down 60% and quarterly…

Exhibit notes history of ArcBest, from 10 employees to more than 13,000

The history of one of Fort Smith’s top companies will be on display through late summer 2020 at the Fort Smith Museum of History. The exhibit showcases the history of…

ArcBest to relocate Fayetteville office to former Ozark Natural Foods building

Fort Smith-based transportation company ArcBest, the parent company of less-than-truckload carrier ABF Freight, plans to open a 20,000-square-foot office in the former Ozark Natural Foods building in Fayetteville. The new…

ArcBest posts second quarter income of $24 million, misses income and revenue estimates

Fewer and lighter shipments resulting from a “moderated” economy put a cap on ArcBest’s financials in the second quarter, but the Fort Smith-based transportation holding company still managed to post…

First quarter net income down 51% for ArcBest, revenue up 1.7%

An estimated $2 million loss from severe weather is partially to blame for a 51% drop in first quarter net income, ArcBest officials noted in the company’s first quarter report…

ArcBest revenue reaches record of $3.093 billion, net income beats estimate

Transportation and logistics holding company ArcBest is on a five-year winning streak, with net income between 2014 and 2018 totaling more than $270 million, a far better outcome than the…

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…