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) will announce its fourth quarter 2020 financial results on February 2, 2021, before market opening. A conference call is scheduled for 9:30 a.m. ET to discuss the results, which can be accessed by calling (800) 747-0365. Additionally, a recorded playback will be available until March 15, 2021, by calling (800) 633-8284. The call will also be available via webcast. For more information about ArcBest, visit their website.
ArcBest (Nasdaq: ARCB) announced that Tim Thorne, president of its LTL carrier ABF Freight, received the 2020 Herbert Metzger Service Award for his commitment to supporting military personnel transitioning to civilian careers. The award was presented by the Dixon Center for Military and Veterans Services during a virtual event on December 15. Thorne highlighted ABF's Teamsters Military Assistance Program (TMAP), which has trained over 500 veterans for Class A CDLs, offering essential job opportunities and seamless transitions into the workforce.
ArcBest (Nasdaq: ARCB) has partnered with Doctor On Demand to introduce a new Virtual Primary Care health plan for its employees and dependents, effective December 1st. This initiative expands existing urgent and behavioral health services and provides over 8,000 members streamlined access to care, mitigating barriers like travel and wait times. The offering includes preventive wellness check-ups, chronic condition management, and nutrition consultations, aligning with ArcBest's commitment to employee well-being during the pandemic.
ArcBest (Nasdaq: ARCB) has partnered with Doctor On Demand to introduce a new Virtual Primary Care health plan for its employees and their dependents, effective December 1. This initiative expands existing urgent and behavioral health services and addresses healthcare access challenges for ArcBest's field workforce during COVID-19 and flu season. The service provides a range of care, including preventive check-ups and chronic condition management, enhancing employee wellbeing and convenience.
FleetNet America, a subsidiary of ArcBest (Nasdaq: ARCB), recently celebrated a significant milestone by receiving its 500,000th electronic status update via the sureEcosystem platform on November 23, 2020. This investment in technology aims to enhance customer experience by providing more real-time updates and communication tools for service providers. FleetNet emphasizes its leadership in electronic communication, which ultimately benefits customers by improving visibility into their equipment status.
ArcBest (Nasdaq: ARCB) reported Q3 2020 revenue of $795 million, marking a 0.2% increase from Q3 2019. Operating income rose to $39.8 million from $31.2 million year-over-year. Net income for the quarter was $29.4 million ($1.11 per diluted share), compared to $16.3 million ($0.62) in Q3 2019. The company achieved a net cash position of $59 million, up from $41 million in Q2 2020. Strong performance in Asset-Light services and improved operational efficiencies contributed to profitability.
ArcBest (Nasdaq: ARCB) announced a quarterly cash dividend of $0.08 per share, payable to shareholders of record on November 13, 2020, with payment on November 27, 2020. This decision reflects the company's commitment to returning value to its shareholders, aligning with its growth strategy in the logistics sector.
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