ArcBest reported second-quarter adjusted earnings per share of $1.98, 8 cents below the consensus estimate but 44 cents higher year over year. The result excluded items considered nonrecurring like costs tied to technology pilots and acquisition-related expenses.
ArcBest’s (NASDAQ: ARCB) asset-based segment, which includes results from its less-than-truckload subsidiary ABF Freight, reported revenue of $713 million, a 2% y/y decline on a per-day comparison. Tonnage per day was down 20% but...
https://www.freightwaves.com/news/first-look-arcbests-q2-misses-consensus