On an earnings call with analysts, management from ArcBest Corp (NASDAQ: ARCB) highlighted their ability to manage costs through the COVID-19 downturn. The impact from a 19% year-over-year revenue decline in the second quarter of 2020 was limited by previous cost actions taken.
The flexibility of its labor contracts allowed the company to better match drivers and workers to a 13% decline in daily shipments within its asset-based segment, which includes less-than-truckload (LTL) operations.
The...
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