ArcBest reported record quarterly results Tuesday before the market opened with each of its segments posting double-digit revenue growth. Adjusted earnings per share of $2.59 beat analysts’ expectations by 14 cents and were more than double the year-ago quarter.
ArcBest (NASDAQ: ARCB) reached more than $1 billion in consolidated revenue in the quarter with its asset-based segment, which includes less-than-truckload operations, recording 21.2% year-over-year growth at $681 million.
Daily tonnage...
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