ArcBest

$90M activist investment seeks changes at Forward Air

Activist investors seek shakeup at Forward Air

A group of investors is looking to shake things up at expedited trucking company Forward Air (NASDAQ: FWRD), according to filings with the U.S. Securities and Exchange Commission.

Cleveland-based Ancora Advisors has taken on an activist role alongside former Forward founder Scott Niswonger and former CFO Andy Clarke. The group seeks to “enhance shareholder value” through a variety of measures including changes to the management team and board as well as capital allocation strategy. The documents...

https://www.freightwaves.com/news/90m-activist-investment-seeks-changes-at-forward-air

ArcBest CCO helping steer customers through supply chain volatility

ArcBest double on highway

The new role of chief customer officer at trucking and logistics firm ArcBest Corp. (NASDAQ:ARCB) will become increasingly critical to help guide shippers through an ever-more unpredictable and asymmetrical supply chain environment, Dennis Anderson, who was tapped for the post earlier this year, said Tuesday during FreightWaves’ North American Supply Chain Summit.

Speaking to FreightWaves CEO Craig Fuller during a Fuller Speed Ahead segment, Anderson said volatile supply chains have been a fact...

https://www.freightwaves.com/news/arcbest-cco-helping-steer-customers-through-supply-chain-volatility

The Daily Dash: Q4 going strong; 2020 shipping trends to bleed into 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, ArcBest continues a trend of less-than-truckload carriers reporting a strong start to the fourth quarter. Plus, XPO’s Drew Wilkerson sees many of the trends the supply chain experienced in 2020 continuing into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.

More evidence of a strong Q4

ArcBest Corp. (NASDAQ: ARCB) is the latest less-than-truckload carrier to report that the...

https://www.freightwaves.com/news/the-daily-dash-q4-going-strong-2020-shipping-trend-to-bleed-into-2021

ArcBest continues streak of positive LTL updates

ArcBest sees double-digit LTL tonnage increase in Q4

Key metrics for logistics provider ArcBest Corp. (NASDAQ: ARCB) showed that less-than-truckload demand improved again in November. The company’s Tuesday filing with the SEC noted that the positive trends previously reported in October remained in place during November.

The Fort Smith, Arkansas-based company reported a 9% year-over-year increase in November revenue in its asset-based division as tonnage increased 8% and revenue per hundredweight, or yield, was up 1%. Tonnage in the company’s LTL...

https://www.freightwaves.com/news/arcbest-continues-streak-of-positive-ltl-updates

FreightWaves replaying FreightTech Venture Summit, LIVE @HOME

FreightWaves just completed its most recent LIVE @HOME annual event as well as a special venture capital summit. But we recognize that everyone is busy these days and doesn’t have the ability to sit and watch three days of content. Because of requests we received asking how to access all the great content from last week’s FreightTech Venture Summit and FreightWaves LIVE @HOME, FreightWaves will replay the two events again this week.

The three days of content will stream on live.freightwaves.com...

https://s29755.pcdn.co/news/freightwaves-replaying-freighttech-venture-summit-live-home

Customer focus can’t fade during times of disruption (with video)

ArcBest CEO Judy McReynolds joins FreightWaves President George Abernathy at FreightWaves Live @Home

A laser focus on service has allowed logistics provider ArcBest Corp. (NASDAQ: ARCB) to thrive during the pandemic, according to Chairman, President and CEO Judy McReynolds.

McReynolds joined FreightWaves President George Abernathy Thursday at FreightWaves LIVE @HOME to discuss the challenges COVID-19 has presented and how the company’s customer-centric focus has allowed it to grow during a period of disruption.

The biggest challenge for ArcBest has been serving every stage of the supply chain...

https://www.freightwaves.com/news/customer-focus-cant-fade-during-times-of-disruption-with-video

The Daily Dash: YRC taps loan agreement; Landstar’s CFO steps down

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, YRC Worldwide didn’t just announce earnings on Monday, it announced a host of changes. Plus, Landstar’s CFO suddenly stepped down and FreightWaves gets ready to kick off the two-day LIVE @HOME virtual event.

YRC making changes

Less-than-truckload carrier YRC Worldwide (NASDAQ: YRCW) announced a bunch of changes in its third-quarter report — likely none bigger than its draw on the second tranche of a...

https://s29755.pcdn.co/news/the-daily-dash-yrc-taps-loan-agreement-landstars-cfo-steps-down

ArcBest seeing tonnage accelerate in October

ArcBest double on highway

Management from logistics provider ArcBest Corp (NASDAQ: ARCB) said during their third-quarter conference call with analysts on Tuesday that they are experiencing some of the best tonnage trends in company history. Asset-based revenue per day, including less-than-truckload (LTL) revenue, was up 9% year-over-year in October with tonnage increasing 10%.

Improvements in the industrial and housing sectors, along with very strong consumer spending, are driving the increase in demand. A survey of...

https://s29755.pcdn.co/news/arcbest-seeing-tonnage-accelerate-in-october

Disruption, technology and more to highlight FreightWaves LIVE @HOME

FreightWaves’ signature fall event is here, and while attendees won’t be able to mingle in person this year, they will be able to mingle virtually – and still see and hear all the great content that FreightWaves LIVE events are known for.

FreightWaves LIVE @HOME will be held Thursday and Friday. Headline sponsor is J.B. Hunt 360 and title sponsor is TriumphPay. Universal sponsors include Platform Science, SkyBitz and Transflo. J. J. Keller & Associates is the global sponsor and Lean Staffing...

https://s29755.pcdn.co/news/disruption-technology-and-more-to-highlight-freightwaves-live-home

ArcBest Q3 results outpace expectations

ArcBest truck on highway

ArcBest Corp (NASDAQ: ARCB) reported third-quarter adjusted earnings per share of $1.22, well ahead of the consensus estimates ranging from 79 cents to 82 cents per share.

The asset-based division, which includes less-than-truckload (LTL) operations, reported a 1% year-over-year increase in tonnage, with LTL tonnage increasing in the mid-single-digit range while spot truckload (TL) tonnage fell by double digits.

Revenue per hundredweight, or yield, declined 2% year-over-year. LTL yield was down...

https://s29755.pcdn.co/news/arcbest-q3-results-outpace-expectations

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