El proveedor de transporte y logística ArcBest informó disminuciones de volumen menos severas en sus operaciones basadas en activos durante febrero, ya que asumió más carga de camiones para obtener el rendimiento en sus terminales. Fort Smith, Arkansas, con sede en ArcBest (NASDAQ: ARCB) anunciado...
https://fullavantenews.com/arcbest-toma-tl-freight-para-llenar-la-capacidad-vacia/?lang=es
Transportation and logistics provider ArcBest reported less severe volume declines in its asset-based operations during February as it took on more truckload freight to buoy throughput at its terminals.
Fort Smith, Arkansas-based ArcBest (NASDAQ: ARCB) announced Monday after the market closed that tonnage in the asset-based unit, which includes results from less-than-truckload subsidiary ABF Freight, was down just 2% year over year in February following a 9.2% decline in January. The February...
https://www.freightwaves.com/news/arcbest-takes-on-tl-freight-to-fill-empty-capacity
Less-than-truckload carrier ABF Freight and parent ArcBest Corp. have entered private purchase agreements to acquire two leased properties totaling $11.5 million from defunct Yellow Corp.’s estate, according to a Wednesday filing in a federal bankruptcy court in Delaware.
ArcBest (NASDAQ: ARCB) is acquiring a 108-door terminal on 32.5 acres near Denver for $7 million and a 60-door service center on 12.6 acres near Seattle for $4.5 million.
The company picked up four of Yellow’s terminals valued...
https://www.freightwaves.com/news/abf-freight-latest-ltl-carrier-to-nab-yellow-terminals
Financial results across the less-than-truckload industry remain constrained as the industrial economy enters the third year of a downturn. ArcBest has been working to improve profitability by revamping its freight mix and focusing on efficiency and cost-cutting initiatives, but at some point, it needs more volume to bear fruit.
The Fort Smith, Arkansas-based transportation and logistics provider reported fourth-quarter adjusted earnings per share of $1.33 on Friday, 28 cents better than the...
https://www.freightwaves.com/news/arcbest-ltl-industry-short-on-volume
Transportation and logistics provider ArcBest (NASDAQ: ARCB) reported fourth-quarter adjusted earnings per share of $1.33 on Friday, 28 cents better than the consensus estimate but $1.14 lower year over year.
The adjusted result excluded 9 cents per share in items considered one-offs, like expenses tied to past acquisitions, costs from technology pilot programs, equipment and software write-downs, and a reduction in the expected earnout at truck broker MoLo, which was acquired three years ago.
“Th...
https://www.freightwaves.com/news/first-look-arcbest-q4-earnings
Shares of less-than-truckload carriers were lower Tuesday after two companies provided fourth-quarter updates. The updates likely reflect the bottom of the cycle, the point where carriers are in need of more volume, or an improved freight mix, moving through their high fixed-cost networks.
ArcBest (NASDAQ: ARCB) was down 1.6% at 11:19 a.m. EST while shares of Saia (NASDAQ: SAIA) were down 2.7%. The S&P 500 was down just 0.1% at the time.
ArcBest’s network needs more freightArcBest’s asset-based...
https://www.freightwaves.com/news/ltl-stocks-sag-on-q4-updates
Less-than-truckload carrier Old Dominion Freight Line announced Monday a 4.9% general rate increase across multiple tariff codes effective Dec. 2. The GRI announcement follows similar price actions from other carriers in recent weeks, tamping down concerns that the industry is losing its ability to pass through rate increases two years into an industrial recession.
Carriers typically implement GRIs to general tariff codes annually. The stated percentage increase is an expected average of changes...
https://www.freightwaves.com/news/ltl-general-rate-increases-buck-pricing-concerns-for-industry
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
Continued belt tightening wasn’t enough to offset a “challenging freight environment” during the third quarter, ArcBest said in a Friday news release.
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. Consolidated revenue of $1.06 billion was 5.8% lower y/y.
ArcBest’s asset-based segment, which includes results from its less-than-truckload subsidiary ABF Freight, reported revenue of $709.7...
https://www.freightwaves.com/news/arcbest-q3-earnings-first-look
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