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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) 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.
ArcBest (Nasdaq: ARCB) announces a two-day hiring event for its less-than-truckload carrier, ABF Freight, on June 22-23, 2021, at its Carlisle, Pennsylvania service center. The company is seeking candidates for various positions, including road drivers, city drivers, and dock workers. ABF Freight is offering up to $10,000 in signing bonuses. The event, running from 7 a.m. to 7 p.m., will include assistance with applications, interviews, and potential job offers. ABF provides benefits like health coverage and a pension plan.
ArcBest (Nasdaq: ARCB) has announced a $1 million investment in the Peak Innovation Center, a new facility focused on STEAM education, to be located in Fort Smith and open in fall 2021. This initiative aims to enhance workforce development and educational opportunities for approximately 43,000 students across 22 school districts. The investment demonstrates ArcBest's commitment to community engagement and workforce readiness, emphasizing the company's role as a longstanding partner in local educational initiatives.
ArcBest (Nasdaq: ARCB) reported a significant increase in first quarter 2021 revenue, reaching $829.2 million, up from $701.4 million in Q1 2020. Operating income rose to $32.2 million from $7.8 million, reflecting strong demand amidst ongoing supply chain challenges. Non-GAAP net income also saw an increase to $27.2 million or $1.01 per diluted share, compared to $9.4 million or $0.36 in the same quarter last year. The company highlighted improved operating ratios and productivity despite challenges from adverse weather and rising costs.
ArcBest (Nasdaq: ARCB) has declared a quarterly cash dividend of $0.08 per share to be paid on May 27, 2021. Shareholders on record as of May 13, 2021 will be eligible for this dividend. This decision reflects the company's ongoing commitment to returning value to its shareholders amid its strategic focus on logistics and supply chain solutions. The announcement emphasizes ArcBest's stable operations and financial health, positioning it as a resilient player in the logistics sector.
ArcBest (Nasdaq: ARCB) will announce its first quarter 2021 financial results before market opening on May 4, 2021. A conference call for discussing these results will be held at 9:30 a.m. EDT the same day. Interested parties can participate by calling (800) 682-8539. A playback of the call will be available until June 15, 2021. The call can also be accessed via live webcast on ArcBest's website, with a replay available until the same date.
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