ArcBest Corp (NASDAQ: ARCB) reported third-quarter adjusted earnings per share of $1.22, well ahead of the consensus estimates ranging from 79 cents to 82 cents per share.
The asset-based division, which includes less-than-truckload (LTL) operations, reported a 1% year-over-year increase in tonnage, with LTL tonnage increasing in the mid-single-digit range while spot truckload (TL) tonnage fell by double digits.
Revenue per hundredweight, or yield, declined 2% year-over-year. LTL yield was down...
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