Arcbest Corp Stock Price, News & Analysis

ArcBest (Nasdaq: ARCB) announced a two-day hiring event for ABF Freight in Avenel, NJ, on February 8-9, 2022. The event aims to recruit full-time Class A CDL city drivers, part-time forklift operators, and Driver Development Program trainees, offering lucrative signing bonuses of $15,000, $250, and $5,000, respectively. Candidates can expect assistance with job applications, interviews, and potential same-day job offers. ABF Freight is one of the largest less-than-truckload carriers, employing over 10,000 staff across North America and providing excellent employee benefits.

ArcBest (Nasdaq: ARCB) reported a robust fourth quarter of 2021, achieving $1.2 billion in revenue, a $368.8 million increase from Q4 2020. Operating income surged to $86.9 million with a net income of $65.5 million or $2.47 per diluted share. Full year revenue reached $4.0 billion, compared to $2.9 billion in 2020. The positive results were bolstered by the acquisition of MoLo Solutions. The company plans strategic investments in technology and logistics solutions to maintain growth momentum in 2022.

ArcBest (Nasdaq: ARCB) has declared a quarterly cash dividend of $0.08 per share for its Common Stock. Holders of record will receive this payment on February 25, 2022, with the record date set for February 11, 2022. This decision reflects the company’s commitment to returning value to its shareholders. ArcBest is a leading integrated logistics company, operational since 1923, employing over 14,000 individuals across more than 250 service locations worldwide.

ArcBest® (Nasdaq: ARCB) has announced a two-day hiring event for ABF Freight® in Kent, Washington on January 27-28, 2022. The company seeks full- and part-time Class A CDL city drivers, offering signing bonuses of $10,000 for full-time positions and $5,000 for its Driver Development Program. Interested candidates can attend the event from 7 a.m. to 7 p.m. at 7226 South 262 St., Kent, WA, with no appointment necessary. ABF Freight provides competitive wages, comprehensive health benefits, and a supportive work environment.

ArcBest (Nasdaq: ARCB) announced a two-day hiring event for its less-than-truckload carrier, ABF Freight, on January 24-25, 2022, in Portland, Oregon. The company seeks full- and part-time Class A CDL city drivers, road drivers, and forklift operators. Signing bonuses are available: $10,000 for full-time drivers and $5,000 for the Driver Development Program. The event will be held from 7 a.m. to 7 p.m. at 3333 NW 35th Ave, Portland. Candidates can apply on-site, with potential job offers made that day. ABF is one of the nation's largest less-than-truckload carriers, employing over 10,000 people.

Phantom Auto has secured a strategic investment of $42M from ArcBest (NASDAQ: ARCB) and NFI, alongside other investors. This funding aims to address the critical labor shortages in the logistics sector, enabling the deployment of thousands of remote-operated forklifts. The company is rapidly expanding its workforce and technology capabilities to meet increasing demand. Phantom's collaboration with ArcBest leverages technology to enhance logistics operations, attracting a diverse talent pool while enhancing productivity and safety in the supply chain.

ArcBest (Nasdaq: ARCB) has announced a strategic investment of $25 million in Phantom Auto, a provider of remote operation software, positioning itself as the lead investor in Phantom Auto's Series B offering. This move aligns with ArcBest's commitment to technological innovation, as the company invests approximately 4% of its annual revenue in such initiatives. Chief Innovation Officer Michael Newcity will join Phantom's Board of Directors, enhancing collaboration. This investment supports ArcBest’s growth and aims to address challenges within the supply chain industry, reinforcing its innovative culture.

ArcBest (Nasdaq: ARCB) is hosting a hiring event on January 18-19, 2022, in Whitestown, Indiana, aiming to recruit full- and part-time Class A CDL drivers and forklift operators. Candidates can earn signing bonuses up to $7,500 for full-time positions. The event runs from 7 a.m. to 7 p.m. and does not require prior appointments. Interested individuals will receive application assistance, direct interviews, and possible job offers on-site. ABF Freight emphasizes a people-centered culture, offering competitive benefits, including health insurance and a pension plan.

ArcBest, under the ticker ARCB, announces a two-day hiring event for ABF Freight in Belmont, North Carolina on January 18-19, 2022. The company seeks full- and part-time Class A CDL city drivers and part-time forklift operators, offering signing bonuses of $5,000 for full-time drivers, $1,000 for part-time drivers, and $500 for forklift operators. The event runs from 7 a.m. to 7 p.m. at 325 Peach Orchard Rd. Candidates can expect on-the-spot interviews and job offers. ABF Freight is among the top less-than-truckload carriers in the U.S., employing over 10,000 people.