Logistics provider ArcBest Corp. (NASDAQ: ARCB) announced in its annual 10-k filing with the Securities and Exchange Commission that severe winter weather has impacted first-quarter results.
The company’s asset-based segment, which includes less-than-truckload operations, saw a strong start to 2021, with January revenue per day increasing 10.7% year-over-year as tonnage moved 6.6% higher. However, winter storms during February resulted in a reversal in tonnage trends.
Quarter-to-date through late...
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