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) announces a two-day hiring event for its less-than-truckload carrier, ABF Freight, on June 22-23, 2021, at its Carlisle, Pennsylvania service center. The company is seeking candidates for various positions, including road drivers, city drivers, and dock workers. ABF Freight is offering up to $10,000 in signing bonuses. The event, running from 7 a.m. to 7 p.m., will include assistance with applications, interviews, and potential job offers. ABF provides benefits like health coverage and a pension plan.
ArcBest (Nasdaq: ARCB) has announced a $1 million investment in the Peak Innovation Center, a new facility focused on STEAM education, to be located in Fort Smith and open in fall 2021. This initiative aims to enhance workforce development and educational opportunities for approximately 43,000 students across 22 school districts. The investment demonstrates ArcBest's commitment to community engagement and workforce readiness, emphasizing the company's role as a longstanding partner in local educational initiatives.
ArcBest (Nasdaq: ARCB) reported a significant increase in first quarter 2021 revenue, reaching $829.2 million, up from $701.4 million in Q1 2020. Operating income rose to $32.2 million from $7.8 million, reflecting strong demand amidst ongoing supply chain challenges. Non-GAAP net income also saw an increase to $27.2 million or $1.01 per diluted share, compared to $9.4 million or $0.36 in the same quarter last year. The company highlighted improved operating ratios and productivity despite challenges from adverse weather and rising costs.
ArcBest (Nasdaq: ARCB) has declared a quarterly cash dividend of $0.08 per share to be paid on May 27, 2021. Shareholders on record as of May 13, 2021 will be eligible for this dividend. This decision reflects the company's ongoing commitment to returning value to its shareholders amid its strategic focus on logistics and supply chain solutions. The announcement emphasizes ArcBest's stable operations and financial health, positioning it as a resilient player in the logistics sector.
ArcBest (Nasdaq: ARCB) will announce its first quarter 2021 financial results before market opening on May 4, 2021. A conference call for discussing these results will be held at 9:30 a.m. EDT the same day. Interested parties can participate by calling (800) 682-8539. A playback of the call will be available until June 15, 2021. The call can also be accessed via live webcast on ArcBest's website, with a replay available until the same date.
ArcBest (Nasdaq: ARCB) announced that five of its ABF Freight service centers have received the prestigious President's Quality Award for 2020, marking a significant recognition in supply chain logistics. The award highlights service centers in Carlisle, Pennsylvania; Charleston, South Carolina; Fort Myers, Florida; Hagerstown, Maryland; and Montreal, Quebec, Canada. ABF Freight has prioritized quality through ongoing employee training and performance evaluations, ensuring a commitment to safe freight handling and excellent customer experiences.
ArcBest (Nasdaq: ARCB) announced the positive implications of the American Rescue Plan Act of 2021, specifically HR1319, which includes financial assistance for multiemployer pension plans. CEO Judy R. McReynolds emphasized that this act is a significant step toward securing the retirement benefits of ABF Freight Teamster drivers, dockworkers, and retirees. The financial security of these employees is crucial for the company, and the grants enable retirees to receive full pension benefits they have earned throughout their careers.
ArcBest (Nasdaq: ARCB), a leader in supply chain logistics, has been awarded a Bronze medal by EcoVadis for its sustainability performance in 2021. This rating signifies that ArcBest ranks in the top half of sustainability performance among global companies. EcoVadis evaluates sustainability across four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Judy R. McReynolds, ArcBest's CEO, expressed the company's commitment to responsible corporate citizenship and sustainable practices, highlighting their ongoing efforts to minimize their environmental footprint.
ArcBest® (Nasdaq: ARCB) has announced the selection of its 2021 ABF Freight Load Team, comprising freight-handling professionals from service centers across North America. This elite group is recognized for their exceptional skills in optimizing load procedures and maintaining safety standards. Established in 1994, the Load Team celebrates outstanding performance and customer service, reflecting ArcBest's commitment to innovative logistics solutions.
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