Arcbest Corp (ARCB)
108.57 -2.36 (-2.13%)
ArcBest Corporation is a logistics and transportation company that specializes in providing integrated supply chain solutions. It offers a comprehensive range of services including freight transportation, logistics management, and supply chain consulting. With a robust network of transportation options, ArcBest caters to various industries by optimizing shipping efficiency and reducing costs. The company emphasizes technology and innovation to enhance its operational capabilities, ensuring timely and reliable delivery of goods across North America. Through its diverse services, ArcBest aims to meet the complex needs of its customers in an ever-evolving market landscape.
ArcBest Named to Fast Company’s List of the Next Big Things in Tech
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that it has been named to Fast Company’s annual Next Big Things in Tech list. Now in its fourth year, the influential list honors emerging technology spanning a variety of industries for their profound impact on consumers, businesses and society in general.
By ArcBest · Via Business Wire · November 21, 2024
ArcBest Announces Third Quarter 2024 Results
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share in the prior year. On a non-GAAP basis, third quarter 2024 net income was $38.8 million, or $1.64 per diluted share, compared to $56.7 million, or $2.31 per diluted share in the prior year.
By ArcBest · Via Business Wire · November 1, 2024
ArcBest Declares a $0.12/Share Quarterly Dividend
The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on November 13, 2024, payable on November 27, 2024.
By ArcBest · Via Business Wire · October 30, 2024
ArcBest Corp. (NASDAQ: ARCB) Records 52-Week High Monday Morning
Shares of ArcBest Corporation (NASDAQ: ARCB) traded at a new 52-week high today and are currently trading at $128.35. So far today, approximately 384.95k shares have been exchanged, as compared to an average 30-day volume of 304.26k shares.
Via Investor Brand Network · February 5, 2024
ArcBest’s Moving Service, U-Pack, Has Partnered with Affirm to Offer Flexible Financing Options
ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced that its household goods moving service U-Pack® has partnered with Affirm to offer financing options for long-distance moves. This collaboration allows customers who apply and qualify to book a move now and pay on a payment plan later. U-Pack joins Affirm’s network of 292,000 retail partners.
By ArcBest · Via Business Wire · October 10, 2024
ArcBest Announces Its Third Quarter 2024 Earnings Conference Call
ArcBest® (Nasdaq: ARCB) will announce its third quarter 2024 financial results before the market opens on Friday, November 1, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 2815802.
By ArcBest · Via Business Wire · October 1, 2024
ArcBest Announces Retirement and Succession of Chief Innovation Officer and President of ArcBest Technologies
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that Michael Newcity, chief innovation officer and president of ArcBest Technologies, will retire in December 2024 after a career of over 30 years with the company. Dennis Anderson, currently chief strategy officer, will succeed Newcity while continuing to lead ArcBest’s strategy, marketing and customer experience functions.
By ArcBest · Via Business Wire · September 26, 2024
ArcBest Announces Second Quarter 2024 Results
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported second quarter 2024 revenue from continuing operations of $1.08 billion, compared to $1.10 billion in the second quarter of 2023. Second quarter 2024 operating income from continuing operations was $48.8 million, compared to $42.1 million in the prior year period, and net income from continuing operations was $46.9 million, or $1.96 per diluted share, compared to $39.6 million, or $1.60 per diluted share, in 2023.
By ArcBest · Via Business Wire · August 2, 2024
ArcBest Declares a $0.12/Share Quarterly Dividend
The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on August 13, 2024, payable on August 27, 2024.
By ArcBest · Via Business Wire · July 30, 2024
ABF Freight President Seth Runser Appointed President of ArcBest
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that Seth Runser, president of ABF Freight, will become president of ArcBest effective August 1, 2024. Judy R. McReynolds will remain chief executive officer and chairman of the board.
By ArcBest · Via Business Wire · July 18, 2024
ArcBest Announces Its Second Quarter 2024 Earnings Conference Call
ArcBest® (Nasdaq: ARCB) will announce its second quarter 2024 financial results before the market opens on Friday, August 2, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 4743250.
By ArcBest · Via Business Wire · July 2, 2024
ArcBest Partners with Scholarship America to Offer Company's Inaugural Employee Dependent Scholarship Program
ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced its partnership with Scholarship America® to offer the company’s first Employee Dependent Scholarship Program, providing recipients $2,000 per academic year. Applications for the 2024-2025 school year opened in January 2024, and 10 students were selected to receive ArcBest’s inaugural scholarship funding based on their academic record, leadership and participation in school and community activities, statement of educational and career goals, and financial need.
By ArcBest · Via Business Wire · May 29, 2024
ArcBest Announces First Quarter 2024 Results
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported first quarter 2024 revenue from continuing operations of $1.0 billion, compared to $1.1 billion in the first quarter of 2023. First quarter 2024 operating income from continuing operations was $22.4 million, compared to $21.2 million in the prior year period, and net loss from continuing operations was $2.9 million, or $0.12 per diluted share, compared to net income of $18.8 million, or $0.75 per diluted share, in 2023. Included in the first quarter net loss from continuing operations is a $21.6 million after-tax, noncash impairment charge associated with ArcBest’s equity investment in Phantom Auto, which ceased operations during the first quarter of 2024.
By ArcBest · Via Business Wire · April 30, 2024
ABF Freight Wins 2023 Excellence in Security Award for a Record Tenth Time
ArcBest® (Nasdaq: ARCB), a leading logistics company, announced today that its LTL carrier ABF Freight® has won the American Trucking Associations (ATA) distinguished Excellence in Security award once again. ABF is the only LTL carrier to receive this award ten times, demonstrating the company’s position as a leader that is setting industry standards for trucking security with superior ability to protect its employees, property, trucks and cargo. ABF also received the Excellence in Security award in 2019, 2016, 2015, 2011, 2009, 2007, 2005, 2004 and 2001.
By ArcBest · Via Business Wire · April 29, 2024
ArcBest Declares a $0.12/Share Quarterly Dividend
The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on May 10, 2024, payable on May 24, 2024.
By ArcBest · Via Business Wire · April 26, 2024
ArcBest Announces Its First Quarter 2024 Earnings Conference Call
ArcBest® (Nasdaq: ARCB) will announce its first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 6865438.
By ArcBest · Via Business Wire · April 5, 2024
ArcBest Helps Bridge the Gap Between Robotics and Logistics Using NVIDIA Technology
Today, ArcBest® (Nasdaq: ARCB), a leading logistics company, announced a collaboration with NVIDIA that uses the NVIDIA Isaac Perceptor to improve safety and efficiency in material-handling processes across warehouses, distribution centers and manufacturing facilities.
By ArcBest · Via Business Wire · March 18, 2024
ArcBest Launches Vaux Smart Autonomy™ to Unlock Supply Chain Efficiencies
ArcBest® (Nasdaq: ARCB), an integrated logistics company, today announced the next step in its first-of-its-kind Vaux suite: Vaux Smart Autonomy. The offering combines autonomous mobile robot (AMR) forklifts and reach trucks, intelligent software and remote teleoperation capabilities to autonomously handle materials movement within warehouses, distribution centers and manufacturing facilities — all while keeping humans in the loop. Vaux Smart Autonomy is the only autonomous material handling technology in the market that’s flexible out of the box to handle variability in facilities, processes and product characteristics.
By ArcBest · Via Business Wire · February 13, 2024
ArcBest Announces Fourth Quarter and Full Year 2023 Results
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported fourth quarter 2023 revenue from continuing operations of $1.1 billion, compared to $1.2 billion in the fourth quarter of 2022. ArcBest’s fourth quarter 2023 operating income from continuing operations was $64.3 million, compared to $50.2 million in the fourth quarter of 2022, and net income from continuing operations was $48.8 million, or $2.01 per diluted share, compared to $36.5 million, or $1.45 per diluted share, in the prior-year period.
By ArcBest · Via Business Wire · February 6, 2024
ArcBest Declares a $0.12/Share Quarterly Dividend
The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on February 16, 2024, payable on March 1, 2024.
By ArcBest · Via Business Wire · February 2, 2024
ArcBest Announces Its Fourth Quarter 2023 Earnings Conference Call
ArcBest® (Nasdaq: ARCB) will announce its fourth quarter 2023 financial results before the market opens on Tuesday, February 6, 2024. A conference call with company executives will be held that day at 9:30 a.m. EST (8:30 a.m. CST) to discuss these results. Interested parties are invited to listen by calling (800) 599-2055. The conference ID for the call is 6835093.
By ArcBest · Via Business Wire · January 8, 2024
ArcBest Named a 2024 FreightTech 25 Most Innovative Company
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that the company has been named to the prestigious 2024 FreightTech 25, ranking No. 20 among the most innovative and disruptive companies changing the transportation industry’s tech landscape. This year’s list honors industry veterans and newcomers who have made a notable impact in a difficult environment for tech companies.
By ArcBest · Via Business Wire · November 15, 2023
ArcBest Announces Third Quarter 2023 Results
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2023 revenue from continuing operations of $1.1 billion, compared to $1.3 billion in the third quarter of 2022. ArcBest’s third quarter 2023 operating income from continuing operations was $45.1 million, compared to $115.3 million in the third quarter of 2022, and net income from continuing operations was $34.9 million, or $1.42 per diluted share, compared to $88.6 million, or $3.49 per diluted share, in the prior-year period. ArcBest’s third quarter 2023 results were impacted by $30.2 million of noncash lease impairment charges with no comparable charges in the prior-year period.
By ArcBest · Via Business Wire · October 27, 2023
ArcBest Declares a $0.12/Share Quarterly Dividend
The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on November 8, 2023, payable on November 22, 2023.
By ArcBest · Via Business Wire · October 25, 2023
ArcBest Announces Its Third Quarter 2023 Earnings Conference Call
ArcBest® (Nasdaq: ARCB) will announce its third quarter 2023 financial results prior to the opening market on Friday, October 27, 2023. A conference call with company executives will be held that day at 9:00 a.m. EDT (8:00 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 916-9049.
By ArcBest · Via Business Wire · October 4, 2023