Lower shipment weights and the loss of some project freight won in the early days of Yellow Corp.’s wind-down a year ago weighed on metrics at ArcBest’s asset-based unit in August.
The company’s asset-based segment, which includes results from less-than-truckload carrier ABF Freight, saw tonnage fall 10% year over year in August, following a 12.5% decline in July, according to a Tuesday evening filing with the Securities and Exchange Commission. The August decline was the combination of a 1% dip...
https://www.freightwaves.com/news/economic-headwinds-light-shipments-weigh-on-arcbest-in-august