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), 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.
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