Logistics provider ArcBest Corp. (NASDAQ: ARCB) reported Tuesday fourth-quarter adjusted earnings per share of 97 cents, 5 cents ahead of consensus and 41 cents ahead of the 2019 period.
The asset-based segment, which includes less-than-truckload operations, reported an 8% year-over-year increase in revenue as tonnage increased by a similar amount with revenue per hundredweight, or yield, moving slightly higher.
LTL tonnage was up double-digit percentages, with weight per shipment increasing...
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