Weak demand coupled with cost pressure weighed on ArcBest’s third quarter. The company has mitigated some of the earnings pressure through internal initiatives in recent quarters but really needs a more cooperative freight market to push numbers higher.
ArcBest (NASDAQ: ARCB) reported third-quarter adjusted earnings per share of $1.64, 21 cents below the consensus estimate and 67 cents lower year over year.
The adjusted EPS result excluded expenses tied to past acquisitions and ongoing technology...
https://www.freightwaves.com/news/ltl-brokerage-woes-weigh-on-arcbests-q3