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 reports news about an integrated logistics business that connects shippers with transportation and supply chain services across ground, air and ocean freight. Its updates commonly discuss Asset-Based operations led by ABF Freight less-than-truckload services, and Asset-Light services such as expedite, intermodal, managed transportation, warehousing and distribution, and international freight.
Recurring ArcBest announcements cover quarterly and annual results, shipment and tonnage trends, pricing and revenue-per-shipment measures, Asset-Light profitability, capital allocation through dividends and share repurchases, board composition, sustainability reporting and ABF Freight operating recognition.
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.
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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.
ArcBest (Nasdaq: ARCB) announces a two-day hiring event for its less-than-truckload carrier, ABF Freight, on November 10 and November 11 in Little Rock, Arkansas. The company seeks to fill positions for full-time Class A CDL drivers, shop technicians, and part-time forklift operators, offering signing bonuses of $5,000. Candidates will have opportunities for interviews and job offers on-site from 7 a.m. to 7 p.m. at 3100 Springhill Drive. ABF provides excellent benefits, including premium-free medical coverage and a pension plan. Visit jobs.abf.com for more details.
ArcBest (ARCB) reported a strong third quarter for 2021, achieving $1.0 billion in revenue, up from $795.0 million in Q3 2020. Operating income surged to $87.6 million, yielding a net income of $63.7 million or $2.38 per diluted share, compared to $29.4 million or $1.11 per share last year. Non-GAAP operating income reached $96.1 million versus $45.8 million in 2020. The acquisition of MoLo Solutions is expected to enhance ArcBest's logistics services, driving growth and shareholder value.
ArcBest (Nasdaq: ARCB) has completed the acquisition of MoLo Solutions, a truckload freight brokerage based in Chicago, effective November 1, 2021. This strategic move enhances ArcBest's logistics capabilities and strengthens its position in the supply chain sector. With a history dating back to 1923, ArcBest operates over 250 campuses and service centers employing more than 14,000 individuals. This acquisition aligns with ArcBest's mission to innovate and meet customer needs through integrated logistics solutions.
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.