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) 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.
FleetNet America, an ArcBest company (Nasdaq: ARCB), has achieved a significant milestone by completing its 100,000th electronic dispatch via the sureEcosystem platform on Sept. 10, 2020. This platform enhances communication between service providers and FleetNet, allowing real-time updates and efficient data sharing, thus improving customer experience. Vice President Don Doty emphasized the platform's benefits, including greater visibility into equipment status and enhanced communication tools for service providers.
On September 1, 2020, ArcBest (Nasdaq: ARCB) announced key organizational changes to enhance its supply chain logistics services. Dennis Anderson has been promoted to chief customer officer, overseeing sales, marketing, and customer service. Meanwhile, Danny Loe will become president of asset-light logistics while continuing his role as chief yield officer. The company aims to grow its asset-light business to 50% of overall revenues, addressing customer needs with a focus on yield management and operational efficiency. CEO Judy R. McReynolds emphasized the importance of these changes for delivering superior customer service.
ArcBest (Nasdaq: ARCB) has been recognized as one of the 100 Great Supply Chain Partners for the fifth consecutive year, according to SupplyChainBrain. This accolade stems from a poll conducted among supply chain professionals, acknowledging companies that enhance efficiency and customer service. ArcBest’s less-than-truckload carrier, ABF Freight, has also received similar recognition in previous years. Judy R. McReynolds, the company’s CEO, expressed pride in this acknowledgment, emphasizing their commitment to excellence in supply chain solutions.
ArcBest (Nasdaq: ARCB) has announced the selection of 15 professional drivers for its 2020-2021 ABF Freight Road Team. These drivers, chosen based on their exemplary records and a minimum of 10 years of experience, will serve as ambassadors for the company and the trucking industry at large. The ABF Road Team was established in 1990 and aims to promote driving safety and the image of truck drivers. Tim Thorne, president of ABF Freight, praised the selected drivers for their professionalism and commitment to safety.
