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Arcbest Corp - ARCB STOCK NEWS

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 (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.

News

ArcBest Helps Bridge the Gap Between Robotics and Logistics Using NVIDIA Technology

Rhea-AI Summary
ArcBest collaborates with NVIDIA to enhance AI capabilities for material-handling technology, aiming to revolutionize the supply chain industry. The partnership introduces the NVIDIA Isaac Perceptor platform to ArcBest's Vaux Smart Autonomy autonomous forklifts, enabling improved safety, efficiency, and flexibility in operations. This strategic move underscores ArcBest's commitment to innovation and customer-centric solutions in a rapidly evolving supply chain landscape.
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ArcBest Launches Vaux Smart Autonomy™ to Unlock Supply Chain Efficiencies

Rhea-AI Summary
ArcBest (ARCB) introduces Vaux Smart Autonomy, a groundbreaking technology that revolutionizes material handling processes in warehouses, distribution centers, and manufacturing facilities. The autonomous system combines AMR forklifts and reach trucks with intelligent software and remote teleoperation capabilities, allowing for flexible and efficient material handling. ArcBest's ongoing investments in technology and innovation drive profitable growth and customer success, positioning the company as a leader in the industry.
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ArcBest Announces Fourth Quarter and Full Year 2023 Results

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ArcBest (ARCB) reported strong financial results for the fourth quarter and full year 2023, with net income of $48.8 million and $142.2 million respectively. The company also returned $103 million to shareholders in 2023 through share repurchases and quarterly cash dividends, and increased their share repurchase program authorization to $125 million.
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8.21%
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ArcBest Declares a $0.12/Share Quarterly Dividend

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ArcBest (ARCB) has declared a quarterly cash dividend of $0.12 per share to holders of record of its Common Stock, payable on March 1, 2024.
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6.09%
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ArcBest Announces Its Fourth Quarter 2023 Earnings Conference Call

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ArcBest (ARCB) to announce Q4 2023 financial results on February 6, 2024. Conference call and webcast details provided for interested parties.
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2.67%
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ArcBest Named a 2024 FreightTech 25 Most Innovative Company

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ArcBest (Nasdaq: ARCB) has been named to the 2024 FreightTech 25, ranking No. 20 among innovative companies in the transportation industry's tech landscape. The company's commitment to innovation and disruptive technology in the logistics sector is reflected in its investments in technology, including Generative AI and advanced freight handling technology, to enhance customer experiences and drive industry forward.
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ArcBest Announces Third Quarter 2023 Results

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ArcBest reports Q3 2023 revenue of $1.1 billion, down from $1.3 billion in Q3 2022. Operating income and net income also decreased compared to the prior-year period. The results were impacted by noncash lease impairment charges. However, the company saw increased revenue from new shipments added due to market disruption associated with a competitor's bankruptcy. ArcBest's Asset-Based business experienced a decline in revenue but saw growth in core shipments. The company's Asset-Light segment also saw a decrease in revenue and operating income. ArcBest has repurchased $85.5 million of common stock and paid $8.7 million in dividends to shareholders year-to-date.
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16.22%
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ArcBest Declares a $0.12/Share Quarterly Dividend

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ArcBest® (Nasdaq: ARCB) declares quarterly cash dividend of $0.12 per share
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ArcBest Announces Its Third Quarter 2023 Earnings Conference Call

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ArcBest will announce its Q3 2023 financial results on Oct 27. Conference call at 9:00 a.m. EDT. Webcast available on arcb.com.
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ArcBest and the Fort Smith Symphony to Host Free Community Concert Celebrating 100 Years of Business and Musical Excellence

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ArcBest is hosting a free concert to celebrate their 100th year in business and the Symphony's 100th season.
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FAQ

What is the current stock price of Arcbest (ARCB)?

The current stock price of Arcbest (ARCB) is $85.27 as of February 21, 2025.

What is the market cap of Arcbest (ARCB)?

The market cap of Arcbest (ARCB) is approximately 2.1B.

What does ArcBest Corporation specialize in?

ArcBest Corporation specializes in solving complex logistics and transportation challenges through a range of services including LTL freight, truckload, expedited, intermodal, and international transportation.

What are the main segments of ArcBest Corporation?

ArcBest operates through two main segments: Asset-Based, which includes LTL services, and Asset-Light, which encompasses truckload, expedited, dedicated transportation, and international freight services.

What companies and brands fall under ArcBest Corporation?

ArcBest includes several brands such as ABF Freight, ABF Logistics, Panther Premium Logistics, FleetNet America, U-Pack, and ArcBest Technologies.

What services does the Asset-Based segment provide?

The Asset-Based segment provides LTL freight services including national, inter-regional, and regional transportation of general commodities, as well as expedited and guaranteed LTL services.

What services does the Asset-Light segment provide?

The Asset-Light segment offers truckload, ground expedite, dedicated transportation, intermodal solutions, household goods moving, managed transportation, warehousing and distribution, and international air, ocean, and ground freight services.

How does ArcBest Corporation ensure timely delivery?

ArcBest uses expedited and guaranteed LTL services to ensure timely delivery, along with advanced logistics technologies and a customer-centric approach.

What is ArcBest Technologies?

ArcBest Technologies is the technological arm of ArcBest Corporation, focusing on leveraging advanced technologies to optimize logistics processes and improve service delivery.

What recent achievements has ArcBest Corporation made?

ArcBest has recently undertaken projects to enhance logistics capabilities and expand service offerings, maintaining a strong financial growth trajectory.

How does ArcBest Corporation handle household moves?

ArcBest handles household moves through its U-Pack service, offering cost-effective and customized moving solutions.

Where can I find the latest news about ArcBest Corporation?

You can stay updated with the latest news and developments about ArcBest Corporation by visiting their official website or following industry news sources.
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Arcbest Corp

Nasdaq:ARCB

ARCB Rankings

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ARCB Stock Data

2.11B
22.87M
0.95%
102.22%
6.28%
Trucking
Trucking (no Local)
Link
United States
FORT SMITH