Continued pressure on ArcBest’s truckload brokerage operations diluted the improvement seen at its less-than-truckload unit during the second quarter, leading to an earnings miss versus analysts’ expectations.
ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $1.98 for the second quarter. The result was 8 cents below the consensus estimate but 44 cents higher year over year. The adjusted result excluded items considered nonrecurring like costs from technology pilots and...
https://www.freightwaves.com/news/arcbests-q2-results-muted-by-headwinds-in-asset-light-unit