Welcome to our dedicated page for ArcBest Corporation news (Ticker: $ARCB), a resource for investors and traders seeking the latest updates and insights on ArcBest Corporation stock.
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ArcBest reported first quarter 2024 revenue of $1.0 billion compared to $1.1 billion in 2023. Operating income was $22.4 million, with a net loss of $2.9 million. Non-GAAP operating income was $42.6 million. Asset-Based segment saw pricing momentum and improved efficiencies. Asset-Light segment revenue decreased to $396.4 million. The company remains focused on growth and efficiency.
ArcBest's LTL carrier, ABF Freight, has won the Excellence in Security award from the ATA for a record tenth time, setting industry standards for trucking security. This award recognizes ABF's commitment to protecting employees, property, trucks, and cargo with advanced technology and specialized roles in security. The company's ongoing strategic investments in security initiatives demonstrate their dedication to continuous improvement and innovation.
ArcBest (ARCB) has announced a quarterly cash dividend of $0.12 per share for its Common Stock. The dividend will be payable to shareholders on May 24, 2024.
