Transportation and logistics provider ArcBest reported record results for the second quarter Friday before the market opened. The company’s asset-based segment, which includes less-than-truckload, used a better freight mix and higher yields to post an 84.5% adjusted operating ratio.
ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $4.30 for the second quarter, 35 cents better than the consensus estimate and $2.27 higher than the year-ago quarter. The result excluded a few items,...
https://www.freightwaves.com/news/arcbests-q2-beat-underscores-successful-yield-initiatives