Tag: ArcBest

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…

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…