ArcBest booked another large tonnage decline in its asset-based unit during the first quarter as it purges transactional freight from its network in favor of a mix more weighted to shipments from core customers. The swap is generating big improvements in yields, but revenue continues to sag. It expects the large year-over-year (y/y) swings to calm by the third quarter.
The company leaned on a dynamic pricing model during the downturn, pricing certain lanes at lower rates to keep the network...
https://www.freightwaves.com/news/change-in-freight-mix-continues-to-weigh-on-arcbests-volumes