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 (ARCB) delivers innovative logistics solutions through its dual asset-based and asset-light operations. This news hub provides investors and industry professionals with direct access to the company's official announcements and market developments.
Find curated updates on earnings reports, strategic partnerships, technology implementations, and operational milestones. Our coverage spans ArcBest's core services including freight management, expedited shipping solutions, and supply chain innovations that address modern logistics challenges.
Key updates include financial performance disclosures, leadership changes, service expansions, and industry recognitions. Each release is verified for accuracy to support informed analysis of ArcBest's position in the transportation sector.
Bookmark this page for streamlined tracking of ARCB's business evolution. Combine our news archive with real-time market data on Stock Titan to monitor how corporate developments align with financial performance.
ArcBest (Nasdaq: ARCB) has partnered with Doctor On Demand to introduce a new Virtual Primary Care health plan for its employees and their dependents, effective December 1. This initiative expands existing urgent and behavioral health services and addresses healthcare access challenges for ArcBest's field workforce during COVID-19 and flu season. The service provides a range of care, including preventive check-ups and chronic condition management, enhancing employee wellbeing and convenience.
FleetNet America, a subsidiary of ArcBest (Nasdaq: ARCB), recently celebrated a significant milestone by receiving its 500,000th electronic status update via the sureEcosystem platform on November 23, 2020. This investment in technology aims to enhance customer experience by providing more real-time updates and communication tools for service providers. FleetNet emphasizes its leadership in electronic communication, which ultimately benefits customers by improving visibility into their equipment status.
ArcBest (Nasdaq: ARCB) reported Q3 2020 revenue of $795 million, marking a 0.2% increase from Q3 2019. Operating income rose to $39.8 million from $31.2 million year-over-year. Net income for the quarter was $29.4 million ($1.11 per diluted share), compared to $16.3 million ($0.62) in Q3 2019. The company achieved a net cash position of $59 million, up from $41 million in Q2 2020. Strong performance in Asset-Light services and improved operational efficiencies contributed to profitability.
ArcBest (Nasdaq: ARCB) announced a quarterly cash dividend of $0.08 per share, payable to shareholders of record on November 13, 2020, with payment on November 27, 2020. This decision reflects the company's commitment to returning value to its shareholders, aligning with its growth strategy in the logistics sector.
ArcBest (Nasdaq: ARCB) announced that Erin Gattis, the company's Chief Human Resources Officer, received the 2020 C-Suite Award from the Northwest Arkansas Business Journal. Gattis has been recognized for her contributions in enhancing employee experience, leadership development, and succession planning at ArcBest. The award highlights the critical role of executives in driving innovation and success within the local business community. Gattis oversees various corporate functions and is active in community service, reflecting her commitment to fostering a positive workplace culture.
ArcBest (Nasdaq: ARCB) will announce its third quarter 2020 financial results on November 3, 2020, prior to market opening. A conference call is scheduled for 9:30 a.m. ET to discuss these results, accessible by calling (800) 268–2160. A recorded playback will be available until December 15, 2020, using the number (800) 633-8284. Interested parties can also access a live webcast of the call on ArcBest's website. For more information about the company, visit arcb.com.
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