ArcBest

Where did Yellow’s freight go?

The third-quarter earnings season showed all publicly traded less-than-truckload carriers experienced some type of bump following Yellow’s exit. If it was a competition, Saia was the winner.

While there’s a little noise in the numbers, the sequential progression from the second to the third quarters is a good yardstick of how Yellow’s $5 billion freight share was redistributed. Yellow had been teetering for years but as tensions rose with its union workforce in the June-July time frame, shippers...

https://www.freightwaves.com/news/where-did-yellows-freight-go

ArcBest prudent in approach to new freight opportunities

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The closure of Yellow Corp. is resulting in better operational performance at ArcBest. The capacity...

https://www.freightwaves.com/news/arcbest-prudent-in-approach-to-new-freight-opportunities

ArcBest seeing trends improve post-Yellow

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ArcBest beat expectations for the third quarter as it benefited from a lift in volumes and yields as...

https://www.freightwaves.com/news/arcbest-seeing-trends-improve-post-yellow

ArcBest sees 20% increase in shipments at core accounts

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Less-than-truckload carriers continue to report higher shipment counts following Yellow’s exit, but...

https://www.freightwaves.com/news/arcbest-sees-20-increase-in-shipments-at-core-accounts

ArcBest transitions ahead of potential LTL capacity shake-up

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Transportation and logistics provider ArcBest reported Friday that less-than-truckload shipments...

https://www.freightwaves.com/news/arcbest-transitions-ahead-of-potential-ltl-capacity-shake-up

TForce, Teamsters reach tentative 5-year contract

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TForce Freight Inc., an operating less-than-truckload company of TFI International Inc. (NYSE and...

https://www.freightwaves.com/news/tforce-teamsters-reach-tentative-5-year-contract

Teamsters at ABF Freight ratify new labor deal

Less-than-truckload carrier ABF Freight announced late Friday its Teamster employees ratified a five-year collective bargaining agreement. The two parties previously came to terms on wages and other items two weeks ago.  

The new deal raises hourly wages by a total of $6.50 and benefits contributions by $4.46 per hour. Two additional paid sick days and one additional paid holiday were added. The company’s more than 8,600 Teamster employees “overwhelmingly” agreed to the deal, a news release said.

https://www.freightwaves.com/news/teamsters-at-abf-freight-ratify-new-labor-deal

ArcBest names new CFO

Transportation and logistics provider ArcBest announced Thursday that finance veteran Matt Beasley will take over as chief financial officer on May 14. He will also retain his current role as the company’s treasurer.

Beasley has more than 20 years of experience in areas including investor relations, risk management and financial planning and analysis. Prior to joining ArcBest (NASDAQ: ARCB) a year ago, he held executive leadership positions in the energy infrastructure sector.

“Matt is a...

ArcBest despide por sorpresa a sus dos principales directivos

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En un movimiento sorpresivo, la firma de transporte ArcBest Corp. anunció el miércoles una...

https://www.freightwaves.com/news/arcbest-despide-por-sorpresa-a-sus-dos-principales-directivos

ArcBest fires top 2 truckload brokerage execs in surprise move

In a surprise move, transportation firm ArcBest Corp. announced on Wednesday a reorganization that included the abrupt departures of the founder and CEO of MoLo Solutions Inc., a 6-year-old truckload brokerage business that ArcBest acquired in November 2021 for an upfront $235 million cash payment and an earn-out figure that could have pushed the total to $450 million had MoLo met specific performance criteria between 2023 and 2025.

Fort Smith, Arkansas-based ArcBest (NASDAQ: ARCB) announced...

https://www.freightwaves.com/news/arcbest-fires-top-2-truckload-brokerage-execs-in-surprise-move

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