ArcBest

ArcBest Corp. is a logistics company which provides end-to-end supply chain services with a focus on innovation. It operates through the following business segments: Asset-Based, ArcBest and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company's expedite, truckload, and truckload-dedicated businesses as well as its premium logistics services, and international freight transportation with air, ocean, and ground service offerings. The FleetNet segment covers the operations of FleetNet America, Inc., and certain other subsidiaries that provide roadside assistance and maintenance management services for commercial vehicles through a network of third-party service providers. The company offers a full array of logistics solutions to optimize customers supply chains, while continuing to offer asset-based less-than-truckload (LTL) services through the ABF Freight network and ground expedite services under the Panther Premium Logistics brand. Its service offerings also include truckload, dedicated, managed transportation, intermodal, international air and ocean, time critical, warehousing and distribution, and household goods moving services. ArcBest was founded in 1923 and is headquartered in Fort Smith, AR.

Earnings data Q2 2023

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Call Start: 09:30 January 1, 0000 10:37 AM ET ArcBest Corporation (NASDAQ:ARCB ) Q1 2023 Earnings Conference Call April 28, 2023 09:30 ET Company Participants David Humphrey - Vice President of Investor Relations Judy McReynolds - Chairman, President & Chief Executive Officer David Cobb - Chief Financial Officer Steven Leonard - Chief Commercial Officer & President of Asset-Light Logistics Danny Loe - President of Asset-light Logistics, and Chief Yield Officer Conference Call Participants Jack Atkins - Stephens Inc. Jordan Alliger - Goldman Sachs Chris Wetherbee - Citigroup Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Jason Seidl - Cowen Bruce Chan - Stifel Nicolaus Ari Rosa - Credit Suisse Operator Greetings, and welcome to the ArcBest First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded on Friday, April 28, 2023.

ArcBest Corporation (ARCB) Q1 2023 Earnings Call Transcript

Transportation and logistics provider ArcBest is relying more on transactional freight to keep its network full as demand has cooled. The company recorded shipment growth in both its asset-based and asset-light segments during the first quarter, a stark contrast to reports from its competitors.

ArcBest defends dynamic pricing strategy

ArcBest (ARCB) came out with quarterly earnings of $1.58 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $3.08 per share a year ago.

ArcBest (ARCB) Lags Q1 Earnings and Revenue Estimates

Grew Shipments Despite a Softer Market Backdrop Executing on Accelerated Return of Capital to Shareholders Following Recent Sale of FleetNet America First quarter 2023 net income, including discontinued operations, was $71.3 million, or $2.84 per diluted share, including an after-tax gain on the sale of FleetNet America® of $51.4 million, or $2.05 per diluted share, which is subject to post-closing adjustments. Generated first quarter 2023 net income from continuing operations of $18.8 million, or $0.75 per diluted share.

ArcBest Announces First Quarter 2023 Results

FORT SMITH, Ark. , April 26, 2023 /PRNewswire/ -- The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on May 10, 2023, payable on May 24, 2023.

ArcBest Declares a $0.12/Share Quarterly Dividend

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ArcBest (ARCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Company honored as a 2023 VETS Indexes 4 Star Employer and recognized for its TMAP program FORT SMITH, Ark. , April 19, 2023 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announced today that the company has won a VETS Indexes Employer Award, earning a 4 Star Employer designation.

ArcBest Recognized for Employing, Developing and Supporting Veterans and the Military-Connected Community

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.

ArcBest names new CFO

FORT SMITH, Ark. , April 6, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has named Matt Beasley as its next chief financial officer and treasurer, effective May 14, 2023.

ArcBest Names Experienced Finance Executive Matt Beasley as Next Chief Financial Officer

FORT SMITH, Ark. , April 3, 2023 /PRNewswire/ -- ArcBest ®  (Nasdaq: ARCB) will announce its first quarter 2023 financial results prior to the opening market on Friday, April 28, 2023.

ArcBest Announces Its First Quarter 2023 Earnings Conference Call

ArcBest Corporation has done well, for the most part, from a fundamental perspective over the past several months. The company has seen some weakness on its bottom line, but shares still look cheap enough to warrant upside.

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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 that Matt Vogrich, who founded Chicago-based MoLo in 2017, and Andrew Silver, who joined MoLo the following year and was CEO, were no longer with the company, effective immediately.

ArcBest fires top 2 truckload brokerage execs in surprise move

Transportation and logistics provider ArcBest provided a mixed bag of an update to the first quarter Monday ahead of the market open. Tonnage in the company's asset-based unit, which includes less-than-truckload services, was up 1.6% year over year (y/y) in January and 2% higher in February.

ArcBest's Q1 update shows impact of dynamic pricing model

Trucking company ArcBest Corp. is expanding its logistics services with new technology allowing warehouse workers to load and unload truck trailers rapidly, addressing one of the biggest pain points for logistics operators.

ArcBest Rolls Out Technology to Speed Up Freight Loading

ArcBest announced Wednesday the launch of warehouse freight movement technology that allows all of the freight on a trailer to be loaded or unloaded at once. The Vaux Freight Movement System incorporates software and hardware, a 26-foot-long mobile platform and a coupler that can connect to most forklifts, to move freight on and off a trailer.

ArcBest touts system for loading, unloading trailer in one motion

Vaux™ freight movement technology transforms intralogistics processes, creating efficiencies that move supply chains forward. FORT SMITH, Ark.

ArcBest Launches Revolutionary Freight Movement Technology

Transportation and logistics provider ArcBest announced the sale of FleetNet America after the market closed Tuesday. The unit, which provides emergency roadside and preventive maintenance services, was sold to Cox Automotive for $100 million.

ArcBest trims product offering with $100M sale of FleetNet

Cox Automotive, a division of Cox Enterprises, Inc.™, acquires FleetNet America® for $100 million ArcBest's board has increased the company's share repurchase program authorization to $125 million FORT SMITH, Ark. , Feb. 28, 2023 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, has reached an agreement, following a process that began in early 2022, to sell FleetNet America®, a provider of fleet maintenance and repair services, to Cox Automotive Mobility Solutions, Inc., a division of Cox Enterprises, Inc. "FleetNet has been a valuable part of ArcBest, giving us insight and expertise in equipment maintenance and repair.

ArcBest® Announces Sale of FleetNet America® and Increased Share Repurchase Program

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News for ArcBest Stock (ARCB)