Welcome to our dedicated page for Arcbest news (Ticker: ARCB), a resource for investors and traders seeking the latest updates and insights on Arcbest stock.
ArcBest Corporation (Nasdaq: ARCB) is a multibillion-dollar, integrated logistics company, and the ARCB news feed on Stock Titan focuses on the company’s ongoing financial and strategic developments. ArcBest regularly issues press releases announcing quarterly results, earnings conference calls, investor events and capital allocation decisions, providing investors with detailed insight into its Asset-Based and Asset-Light operations.
News about ArcBest frequently covers its quarterly earnings for the Asset-Based segment, which includes national, inter-regional and regional less-than-truckload services, and the Asset-Light segment, which encompasses ground expedite, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean and ground. These releases often highlight shipment and tonnage trends, revenue per shipment, operating ratios and non-GAAP performance measures.
Investors following ARCB news will also see updates on ArcBest’s strategic direction, such as investor day presentations that outline long-term financial targets, growth pillars and technology initiatives. The company’s announcements describe its use of AI-powered pricing tools, digital platforms like ArcBest View™, and material handling technology such as Vaux™, as well as network and fleet optimization projects.
Additional news items include board and leadership changes, share repurchase authorizations, quarterly cash dividends and amendments to credit facilities, all of which are disclosed through press releases and corresponding Form 8-K filings. For anyone tracking ArcBest stock, this news page aggregates these updates so readers can review the company’s latest disclosures, operating commentary and strategic communications in one place.
ArcBest (Nasdaq: ARCB) announced a one-day hiring event for full-time city drivers at ABF Freight in Pacoima, California on February 16, offering $15,000 signing bonuses. The event runs from 7 a.m. to 7 p.m. at 12200 Montague St. Interested candidates can apply onsite, interview with recruiters, and potentially receive job offers. ABF Freight is a leading less-than-truckload carrier with over 10,000 employees, providing competitive benefits including full health insurance and a pension plan.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for its ABF Freight carrier on February 14-15, 2022, in Pico Rivera, California. The event aims to recruit full-time city drivers, offering a generous signing bonus of $10,000. Candidates can apply and interview on-site without an appointment from 7 a.m. to 7 p.m. Interested applicants should be at least 21 years old. ABF Freight, known for its strong employee retention, provides comprehensive benefits including health insurance and a pension plan.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for ABF Freight in Eagan, Minnesota, on February 8-9, 2022. The event seeks to fill full-time city driver, part-time forklift operator, and full-time dock-to-driver trainee positions. Signing bonuses of $15,000, $1,000, and $5,000 are offered for these roles, respectively. Candidates, aged 21 and above, can expect job application assistance, interviews, and potential job offers on-site. ABF Freight is one of North America’s top less-than-truckload carriers, employing over 10,000 people.
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.