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ArcBest Corporation (symbol: ARCB) is a leading logistics and transportation company that expertly handles complex supply chain challenges. ArcBest operates through two primary segments: Asset-Based and Asset-Light.
The Asset-Based segment involves the operations of ABF Freight System, Inc., and other subsidiaries. It provides comprehensive transportation services including national, inter-regional, and regional LTL (Less-Than-Truckload) freight services. This segment also offers expedited and guaranteed LTL services to ensure timely delivery of goods.
The Asset-Light segment encompasses a diverse range of logistics services. These include truckload, ground expedite, dedicated transportation, intermodal solutions, household goods moving, and managed transportation. Additionally, ArcBest extends its reach globally with international freight transportation services encompassing air, ocean, and ground shipments.
Among the prominent brands under the ArcBest umbrella are ABF Freight, ABF Logistics, Panther Premium Logistics, FleetNet America, U-Pack, and ArcBest Technologies. Each brand is dedicated to providing tailored solutions, whether it's shipment and supply chain optimization, household moves, or vehicle repair services.
ArcBest’s business model emphasizes innovation and customer-centric solutions, leveraging advanced technologies through ArcBest Technologies to streamline logistics processes. The company remains committed to delivering efficient, reliable, and cost-effective services to meet diverse client needs.
Recently, ArcBest has engaged in numerous projects aimed at enhancing their logistics capabilities and expanding their service offerings. The company remains financially robust with a positive growth trajectory, underpinned by strategic partnerships and continuous improvement initiatives.
Stay updated with the latest news from ArcBest Corporation to learn more about their ongoing developments, recent achievements, and future projects.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for its less-than-truckload carrier, ABF Freight, on January 24-25, 2022, in Portland, Oregon. The company seeks full- and part-time Class A CDL city drivers, road drivers, and forklift operators. Signing bonuses are available: $10,000 for full-time drivers and $5,000 for the Driver Development Program. The event will be held from 7 a.m. to 7 p.m. at 3333 NW 35th Ave, Portland. Candidates can apply on-site, with potential job offers made that day. ABF is one of the nation's largest less-than-truckload carriers, employing over 10,000 people.
Phantom Auto has secured a strategic investment of $42M from ArcBest (NASDAQ: ARCB) and NFI, alongside other investors. This funding aims to address the critical labor shortages in the logistics sector, enabling the deployment of thousands of remote-operated forklifts. The company is rapidly expanding its workforce and technology capabilities to meet increasing demand. Phantom's collaboration with ArcBest leverages technology to enhance logistics operations, attracting a diverse talent pool while enhancing productivity and safety in the supply chain.
ArcBest (Nasdaq: ARCB) has announced a strategic investment of $25 million in Phantom Auto, a provider of remote operation software, positioning itself as the lead investor in Phantom Auto's Series B offering. This move aligns with ArcBest's commitment to technological innovation, as the company invests approximately 4% of its annual revenue in such initiatives. Chief Innovation Officer Michael Newcity will join Phantom's Board of Directors, enhancing collaboration. This investment supports ArcBest’s growth and aims to address challenges within the supply chain industry, reinforcing its innovative culture.
ArcBest (Nasdaq: ARCB) is hosting a hiring event on January 18-19, 2022, in Whitestown, Indiana, aiming to recruit full- and part-time Class A CDL drivers and forklift operators. Candidates can earn signing bonuses up to $7,500 for full-time positions. The event runs from 7 a.m. to 7 p.m. and does not require prior appointments. Interested individuals will receive application assistance, direct interviews, and possible job offers on-site. ABF Freight emphasizes a people-centered culture, offering competitive benefits, including health insurance and a pension plan.
ArcBest, under the ticker ARCB, announces a two-day hiring event for ABF Freight in Belmont, North Carolina on January 18-19, 2022. The company seeks full- and part-time Class A CDL city drivers and part-time forklift operators, offering signing bonuses of $5,000 for full-time drivers, $1,000 for part-time drivers, and $500 for forklift operators. The event runs from 7 a.m. to 7 p.m. at 325 Peach Orchard Rd. Candidates can expect on-the-spot interviews and job offers. ABF Freight is among the top less-than-truckload carriers in the U.S., employing over 10,000 people.
ArcBest (Nasdaq: ARCB) is set to announce its fourth quarter 2021 financial results on February 1, 2022, before market opening. A conference call will occur at 9:30 a.m. EST for discussion of the results. Interested listeners can join the call by dialing (800) 954-0652. A recorded playback will be available until March 15, 2022. The call and its replay can also be accessed via ArcBest's website.
ArcBest (Nasdaq: ARCB) announces a hiring event for its ABF Freight service on January 13 in Houston, Texas. The event will run from 7 a.m. to 7 p.m. at 5880 Kelley St., where potential candidates can apply for full-time and part-time Class A CDL city driver positions. ABF Freight is offering a $2,500 signing bonus for full-time hires. The company emphasizes the importance of recruiting top talent to continue delivering excellent service, boasting over 10,000 employees nationwide.
ArcBest (Nasdaq: ARCB) will host a two-day hiring event for ABF Freight on November 16 and 17 in Kansas City, Missouri. The event seeks to fill full-time Class A CDL city drivers and part-time forklift operators, offering signing bonuses of $5,000 and $500, respectively. Candidates may receive job offers on the spot and participate in interviews from 7 a.m. to 7 p.m. at the Kansas City service center. ABF Freight emphasizes its commitment to quality talent to enhance customer service as it aims for continued growth in a key distribution area.
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