Welcome to our dedicated page for ArcBest Corporation news (Ticker: ARCB), a resource for investors and traders seeking the latest updates and insights on ArcBest Corporation stock.
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) has declared a quarterly cash dividend of $0.08 per share, payable on November 26, 2021. In addition, the Board authorized an accelerated share repurchase program (ASR) with Morgan Stanley for $100 million of common stock, supplementing a remaining $41.9 million from a previous program. The ASR is set to initiate post earnings release on November 2, 2021. CEO Judy R. McReynolds expressed confidence in the company's growth prospects, asserting the current stock price does not reflect its intrinsic value, indicating strong financial health with solid free cash flow.
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, announces a two-day hiring event for its less-than-truckload carrier, ABF Freight®, on October 26 and October 27 in Baltimore, MD, and October 28 in Manassas, VA. The company seeks full-time Class A CDL city drivers, part-time forklift operators, and candidates for their Driver Development Program. ABF is offering signing bonuses of $10,000 for full-time city drivers. The events will run from 7 a.m. to 7 p.m., with no appointment necessary. Interested candidates can expect job application assistance and potential same-day job offers.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for ABF Freight on October 21 and October 22 in Denver, Colorado. ABF Freight aims to fill various positions, including Class A CDL city drivers, road drivers, and forklift operators. Signing bonuses of $12,000 for city and road drivers and $7,000 for forklift operators are available. The event is open from 7 a.m. to 7 p.m. and requires no appointment. ABF offers comprehensive benefits including no-cost medical and pension plans. For more details, visit arcb.com.
ArcBest® (Nasdaq: ARCB) announced a two-day hiring event for its ABF Freight® division on October 18 and October 19 in Salt Lake City, Utah. The event aims to recruit full-time and part-time Class A CDL city drivers and forklift operators. Hiring bonuses of up to $10,000 for full-time drivers and $5,000 for forklift operator trainees are available. Candidates can receive on-the-spot interviews and job offers during the event. ABF Freight, established in 1923, operates a significant network across North America, employing over 10,000 individuals.
ArcBest (Nasdaq: ARCB) will announce its third quarter 2021 financial results before market opening on November 2, 2021. A conference call is scheduled for 9:30 a.m. EDT to discuss the results, with a playback available until December 15, 2021. ArcBest is a multibillion-dollar integrated logistics company with over 14,000 employees and more than 250 service centers. For further details, visit arcb.com.
ArcBest (Nasdaq: ARCB) is hosting a two-day hiring event for its less-than-truckload carrier, ABF Freight, on October 6-7, 2021, in West Chester, Ohio. The company seeks Class A CDL city drivers and full-time forklift operator trainees. Candidates are eligible for signing bonuses of $7,500 for drivers and $3,000 for operators. The event will run from 7 a.m. to 7 p.m., requiring no appointment. ABF offers robust benefits, including medical coverage with no employee premiums and a pension plan. The company aims to strengthen its workforce as it continues business growth.
ArcBest (Nasdaq: ARCB) is hosting a two-day hiring event for its ABF Freight service in Eagan, Minnesota on October 6-7, 2021. The company seeks candidates for various positions including Class A CDL city drivers, forklift operators, and driver trainees. Signing bonuses of up to $10,000 will be offered on the first day of employment. Interested candidates can attend from 7 a.m. to 7 p.m. without an appointment. Benefits include comprehensive health coverage and a pension plan. For more details, visit jobs.abf.com.
ArcBest (Nasdaq: ARCB) has announced a definitive agreement to acquire MoLo Solutions, a Chicago-based truckload freight brokerage. This acquisition positions ArcBest among the top 15 truckload brokers in the U.S., expanding its network to over 70,000 carrier partners. MoLo has experienced rapid growth, with 2020 revenues at $274 million, projected to reach $600 million in 2021. The deal, valued at $235 million, aims to enhance revenue, operational efficiency, and shareholder value while leveraging economies of scale. The acquisition is expected to close in Q4 2021.
FAQ
What is the current stock price of ArcBest Corporation (ARCB)?
What is the market cap of ArcBest Corporation (ARCB)?
What does ArcBest Corporation specialize in?
What are the main segments of ArcBest Corporation?
What companies and brands fall under ArcBest Corporation?
What services does the Asset-Based segment provide?
What services does the Asset-Light segment provide?
How does ArcBest Corporation ensure timely delivery?
What is ArcBest Technologies?
What recent achievements has ArcBest Corporation made?
How does ArcBest Corporation handle household moves?
Where can I find the latest news about ArcBest Corporation?
