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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 hiring event hosted by its less-than-truckload carrier, ABF Freight, on September 22-23, 2021 in Avenel, New Jersey. The company seeks candidates for various driving and dock positions, offering signing bonuses of $15,000 for new city and road drivers. Candidates can expect assistance with applications, interviews, and potential job offers on-site. The event runs from 7 a.m. to 7 p.m. at 21 Englehard Ave. ABF Freight, part of ArcBest, has been in operation since 1923 and employs over 10,000 individuals nationwide.
ArcBest (Nasdaq: ARCB) announced its less-than-truckload carrier, ABF Freight, will hold a hiring event in Atlanta, Georgia, on September 8-9, 2021. The company seeks candidates for various positions, including city drivers, dockworkers, and shop technicians. ABF Freight offers signing bonuses of up to $7,500 for Class A CDL drivers and $5,000 for shop technicians. The event runs from 7 a.m. to 7 p.m. at 1165 Wilburn Rd, Conley, GA, with no appointment necessary. ABF Freight emphasizes its commitment to a strong workforce as it prepares for future growth.
ArcBest (Nasdaq: ARCB) announces a hiring event for its less-than-truckload carrier, ABF Freight, on August 24-25 in South Chicago, Illinois. The company looks to fill positions for road drivers, city drivers, dock workers, and shop technicians, with signing bonuses of up to $10,000 for drivers. The event will take place from 7 a.m. to 7 p.m. at 1900 Lincoln Highway, Sauk Village, IL, offering job application assistance, interviews, and potential job offers. ABF Freight emphasizes its commitment to hiring top talent to support business growth, backed by strong employee benefits.
ArcBest (Nasdaq: ARCB) is hosting a two-day hiring event for ABF Freight in Dayton, Ohio, on August 17-18. The company seeks candidates for road drivers, city drivers, and dock workers/forklift operators. Signing bonuses of up to $10,000 are available for new hires. The event runs from 7 a.m. to 7 p.m. at 8051 Center Point 70 Blvd. Candidates can expect application assistance, interviews, and potential job offers on-site. ABF Freight offers comprehensive benefits including medical coverage and a pension plan.
ArcBest (Nasdaq: ARCB) reported impressive second quarter 2021 results, posting revenues of $949.0 million, a 51.2% increase from $627.4 million in Q2 2020. Operating income surged to $74.3 million and net income reached $61.0 million or $2.27 per diluted share, compared to $15.9 million and $0.61 per diluted share in the prior year. The Asset-Based segment contributed $652.8 million in revenue, driven by a 41.9% daily increase in revenue, while the Asset-Light segment generated $330.3 million, reflecting a 66.9% increase.
ArcBest (Nasdaq: ARCB) has announced a quarterly cash dividend of $0.08 per share, rewarding shareholders with a payment on August 25, 2021. This dividend is aimed at investors holding shares as of the record date of August 11, 2021. As a leading logistics company, ArcBest continues to demonstrate its commitment to returning value to its shareholders while meeting supply chain challenges with innovative solutions.
ArcBest® (Nasdaq: ARCB) will host a two-day hiring event for ABF Freight® on July 14-15 in Seattle, Washington. The company seeks candidates for road drivers, city drivers, and dock workers/forklift operators, offering signing bonuses of up to $10,000. The event runs from 7 a.m. to 7 p.m. at 7226 S. 262 Street in Kent, WA, with no appointment needed. Applicants can expect assistance with applications, interviews, and potential job offers. ABF Freight provides comprehensive benefits, including medical coverage and a pension plan.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for its less-than-truckload carrier, ABF Freight®, on July 12-13 in Portland, Oregon. The company seeks road drivers, city drivers, and dock workers/forklift operators, offering signing bonuses of up to $10,000 upon hiring. The event will run from 7 a.m. to 7 p.m. at 3333 NW 35th Avenue, and no appointment is necessary. ABF Freight provides comprehensive benefits, including medical, dental, and pension plans. With nearly a century in business, ABF emphasizes a values-driven culture and commitment to customer service.
ArcBest (Nasdaq: ARCB) will announce its second quarter 2021 financial results on August 2, 2021, before the market opens. A conference call with executives is scheduled for 9:30 a.m. EDT the same day, allowing stakeholders to discuss the results. Interested participants can join the call by dialing (800) 926-9871. A recorded playback will be available until September 15, 2021, via (800) 633-8284. The call will also be webcast live on ArcBest's website, offering transparency for investors.
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