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ArcBest Corporation reports news about an integrated logistics business that connects shippers with transportation and supply chain services across ground, air and ocean freight. Its updates commonly discuss Asset-Based operations led by ABF Freight less-than-truckload services, and Asset-Light services such as expedite, intermodal, managed transportation, warehousing and distribution, and international freight.
Recurring ArcBest announcements cover quarterly and annual results, shipment and tonnage trends, pricing and revenue-per-shipment measures, Asset-Light profitability, capital allocation through dividends and share repurchases, board composition, sustainability reporting and ABF Freight operating recognition.
ArcBest (Nasdaq: ARCB) announces a hiring event for ABF Freight in Carlisle, PA, on June 14-15, 2022. The event seeks full- and part-time road and city drivers, driver development program participants, and dock workers. Notably, ArcBest offers substantial signing bonuses: $10,000 for full-time drivers, $5,000 for driver trainees, and $250 for part-time dock workers. The event runs from 7 a.m. to 7 p.m., with no appointment necessary. ABF Freight employs over 10,000 individuals and provides competitive benefits, including fully covered health insurance and a pension plan.
ArcBest (Nasdaq: ARCB) released its third annual Environmental, Social and Governance (ESG) report, showcasing significant advancements in diversity, equity, and inclusion (DEI) initiatives. The report includes new disclosures on Scope 1 and Scope 2 carbon emissions, enhancing transparency in climate risk management. Highlights include the creation of specific managerial roles for ESG and CSR, a new DEI strategy roadmap, and over $2.4 million donated to community organizations. The report aligns with Sustainability Accounting Standards Board standards and is informed by stakeholder feedback.
ArcBest (Nasdaq: ARCB) is hosting a hiring event for full-time city drivers on June 7 in Columbus, Ohio. The event will take place from 7 a.m. to 7 p.m. at 1720 Joyce Avenue. Interested candidates must be at least 21 years old and can expect job application assistance, interviews, and potential job offers. ArcBest offers competitive wages, comprehensive health insurance, and a pension plan for employees. With over 10,000 staff and numerous job opportunities, it's a prime time to join this leading logistics provider.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for full-time road and city drivers at ABF Freight in Sacramento on May 23-24. The company offers a $10,000 signing bonus for new drivers and provides numerous benefits, including 100% company-paid health insurance and a pension plan. The event runs from 7 a.m. to 7 p.m. at 3250 47th Avenue, with no appointment needed. Candidates can expect assistance with applications, interviews, and potential job offers on-site. ABF Freight operates extensively across North America, employing over 10,000 people.
ArcBest (Nasdaq: ARCB) announced a hiring event for full-time city drivers at its ABF Freight division, scheduled for May 26 in San Jose, California. The company is offering a substantial $15,000 signing bonus to attract new drivers. The event will run from 7 a.m. to 7 p.m. at 2135 O'Toole Avenue. Interested candidates can apply on-site, meet with recruiters, and potentially receive job offers. ABF Freight, with over 10,000 employees, provides competitive benefits including company-paid health insurance and a pension plan.
ArcBest (Nasdaq: ARCB), a leader in supply chain logistics, has honored five of its ABF Freight service centers with the President's Quality Award for their exceptional service in 2021. This award recognizes centers that exemplify commitment to quality in freight handling and customer care. The awarded locations include Ocala (FL), Hickory (NC), Indianapolis (IN), South Chicago (IL), and San Juan (PR). The ABF Quality Process, based on principles by Philip Crosby, ensures employees are trained for optimal service delivery, contributing to high customer satisfaction and operational excellence.
ArcBest (Nasdaq: ARCB) announces a two-day hiring event in Albuquerque on May 16-17, 2022, for positions including city drivers, shop technicians, and forklift operators. Signing bonuses are offered: $5,000 for city drivers and shop technicians, $2,500 for driver trainees, and $1,000 for forklift operators. The event runs from 7 a.m. to 7 p.m. at 4800 Lincoln Road NE. Candidates will receive assistance with applications, interviews, and potential job offers. ABF Freight, part of ArcBest, employs over 10,000 people and provides competitive benefits, including health insurance and a pension plan.
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ArcBest (Nasdaq: ARCB) reported a record-breaking first quarter for 2022, with revenue soaring to $1.3 billion, up 61% year-over-year. Net income reached $69.6 million, or $2.68 per diluted share, marking significant growth from $23.4 million in Q1 2021. The company attributed this growth to strong performance across all segments and the successful integration of MoLo Solutions. With robust cash flow, ArcBest plans to increase shareholder returns through share repurchase and dividend boosts. Continued investment in technology and talent is expected to sustain future growth.
ArcBest has announced an increase in its share repurchase program to $75 million and a 50% increase in its quarterly dividend to $0.12 per share. These actions reflect the company's successful growth strategy and commitment to enhancing shareholder value. The dividend will be payable on May 25, 2022, to shareholders on record by May 11, 2022.