ArcBest continues to trade volume for higher yields. The company’s May update showed tonnage was off 22% year over year (y/y) for a second consecutive month while yield increased 26% y/y in the month (after it was up 24.6% y/y in April).
Lower shipment weights, down 16% y/y in April and 19% y/y in May, are positively impacting the yield metrics (revenue per hundredweight). Higher yields were also driven by price increases on transactional shipments and a favorable mix shift toward contractual...
https://www.freightwaves.com/news/arcbest-again-trades-volume-for-yield-in-q2