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), an integrated logistics company, has partnered with Scholarship America to launch its first Employee Dependent Scholarship Program. This program provides recipients with $2,000 per academic year, starting from the 2024-2025 school year. Ten students were selected for the inaugural scholarships based on academic performance, leadership, community involvement, educational goals, and financial need. The program is open to dependent children of full-time employees who have worked at ArcBest for at least three years. Scholarships can be renewed annually, allowing recipients to earn up to $8,000 over four years, provided they maintain a 2.5 GPA and complete 24 semester hours each year. The initiative aligns with ArcBest's core value of growth and its Philanthropic Pillar of Education, supporting local and higher education to develop the future workforce.
ArcBest reported first quarter 2024 revenue of $1.0 billion compared to $1.1 billion in 2023. Operating income was $22.4 million, with a net loss of $2.9 million. Non-GAAP operating income was $42.6 million. Asset-Based segment saw pricing momentum and improved efficiencies. Asset-Light segment revenue decreased to $396.4 million. The company remains focused on growth and efficiency.
ArcBest's LTL carrier, ABF Freight, has won the Excellence in Security award from the ATA for a record tenth time, setting industry standards for trucking security. This award recognizes ABF's commitment to protecting employees, property, trucks, and cargo with advanced technology and specialized roles in security. The company's ongoing strategic investments in security initiatives demonstrate their dedication to continuous improvement and innovation.
FAQ
What is the current stock price of Arcbest (ARCB)?
What is the market cap of Arcbest (ARCB)?
