ArcBest again trades volume for yield in Q2

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...

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