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 (ARCB) delivers innovative logistics solutions through its dual asset-based and asset-light operations. This news hub provides investors and industry professionals with direct access to the company's official announcements and market developments.
Find curated updates on earnings reports, strategic partnerships, technology implementations, and operational milestones. Our coverage spans ArcBest's core services including freight management, expedited shipping solutions, and supply chain innovations that address modern logistics challenges.
Key updates include financial performance disclosures, leadership changes, service expansions, and industry recognitions. Each release is verified for accuracy to support informed analysis of ArcBest's position in the transportation sector.
Bookmark this page for streamlined tracking of ARCB's business evolution. Combine our news archive with real-time market data on Stock Titan to monitor how corporate developments align with financial performance.
ArcBest (Nasdaq: ARCB) has been recognized as one of the 100 Great Supply Chain Partners for the fifth consecutive year, according to SupplyChainBrain. This accolade stems from a poll conducted among supply chain professionals, acknowledging companies that enhance efficiency and customer service. ArcBest’s less-than-truckload carrier, ABF Freight, has also received similar recognition in previous years. Judy R. McReynolds, the company’s CEO, expressed pride in this acknowledgment, emphasizing their commitment to excellence in supply chain solutions.
ArcBest (Nasdaq: ARCB) has announced the selection of 15 professional drivers for its 2020-2021 ABF Freight Road Team. These drivers, chosen based on their exemplary records and a minimum of 10 years of experience, will serve as ambassadors for the company and the trucking industry at large. The ABF Road Team was established in 1990 and aims to promote driving safety and the image of truck drivers. Tim Thorne, president of ABF Freight, praised the selected drivers for their professionalism and commitment to safety.
ArcBest (Nasdaq: ARCB), based in Fort Smith, Arkansas, has received five 2020 Quest for Quality Awards, affirming its leadership in supply chain logistics. Recognized for excellence in categories like National LTL Carrier and Truckload Expedited Motor Carrier, ABF Freight has now secured these awards multiple times over the years. The awards, determined by over 4,500 logistics decision-makers, highlight ArcBest's commitment to customer satisfaction across various services including U-Pack and Panther Premium Logistics. This recognition underlines the company's continuous efforts to provide high-quality service.
ArcBest (Nasdaq: ARCB) announced that six of its ABF Freight service centers were awarded the prestigious President's Quality Award for their performance in 2019. Recognized locations include Akron, Bedford Park, Brattleboro, Carlisle, Colorado Springs, and Toronto. This award highlights the commitment to quality and customer experience at these centers. ArcBest's Quality Process, in place since 1984, ensures continuous improvement through employee training and performance evaluations. The President's Quality Awards have been presented annually since 1993, emphasizing ArcBest's dedication to excellence.
ArcBest (Nasdaq: ARCB) reported second quarter 2020 revenue of $627.4 million, down from $771.5 million in Q2 2019. Operating income decreased to $20.4 million from $35.2 million, while net income was $15.9 million, or $0.61 per diluted share, compared to $24.4 million, or $0.92 per diluted share in the previous year. The company improved its net cash position to $41 million from $3 million net debt in March 2020. Despite challenges posed by the pandemic, positive trends in customer payments and sequential revenue growth in June were noted, with plans to restore costs in Q3 2020.
ArcBest (Nasdaq: ARCB) announced a quarterly cash dividend of $0.08 per share for common stockholders. The dividend will be payable on August 21, 2020, to shareholders of record as of August 7, 2020. This declaration reflects the company's ongoing commitment to returning value to its shareholders.
ArcBest (Nasdaq: ARCB) announces that Judy R. McReynolds has been recognized as one of the 2020 Top 10 Women in Logistics by Global Trade Magazine. McReynolds, who has been leading ArcBest since 2010, has expanded the company’s services beyond less-than-truckload solutions and focused on enhancing customer experience. Under her leadership, ArcBest achieved record revenue in 2018. McReynolds is also involved in various boards and organizations, showcasing her influence in the logistics and transportation sector.
ArcBest (Nasdaq: ARCB) announced on July 20, 2020, that it received the 2020 Top Fleet Award for Fleet Innovator from Samsara for its innovative use of technology in logistics. The award recognizes fleets utilizing telematics and API integrations to enhance operations. ArcBest's collaboration with Samsara has led to improved compliance and operational efficiencies through a customized digital platform, including a driver app and real-time GPS. This recognition highlights ArcBest's commitment to leveraging technology for better customer service and operational performance.
ArcBest (Nasdaq: ARCB) will announce its second quarter 2020 financial results before market opening on July 29, 2020. A conference call will take place at 9:00 a.m. EDT to discuss the results, and interested listeners can dial (800) 681–2231. A replay will be available until September 15, 2020, accessible through (800) 633-8284 or via the company's website. ArcBest is a leading logistics company providing innovative supply chain solutions.
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