Arcbest Corp Stock Price, News & Analysis

ArcBest reported Q1 2025 financial results with revenue of $967.1 million, down from $1.0 billion in Q1 2024. The company posted net income of $3.1 million ($0.13 per share), compared to a net loss of $2.9 million in the prior year.

Key highlights:

• Asset-Based revenue was $646.3 million with a 4.3% decrease in tonnage
• Asset-Light revenue reached $356.0 million, showing a 9.5% decrease
• Customer contract renewals saw average increases of 4.9%
• Productivity improved by 1.1%
• Over $24 million returned to shareholders through dividends and share repurchases

Despite challenging freight conditions and manufacturing sector weakness, the company achieved record managed solution shipment levels. Cost-saving initiatives and productivity gains through technology and network design helped offset market softness and higher operating costs.

ArcBest (Nasdaq: ARCB) announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share. The dividend will be paid on May 23, 2025, to shareholders of record as of May 9, 2025. This dividend announcement reflects the company's continued commitment to returning value to shareholders through regular dividend payments.

ArcBest (Nasdaq: ARCB) has scheduled its first quarter 2025 earnings conference call for Tuesday, April 29, 2025. The company will release its financial results before market opening, followed by a conference call with executives at 9:30 a.m. EDT (8:30 a.m. CDT).

Investors can participate by calling (800) 715-9871 with conference ID 6423434. A recorded playback will be available until May 13, 2025, accessible by dialing (800) 770-2030 with the same conference ID. The call will also be webcast live on ArcBest's website at arcb.com.

ABF Freight, an ArcBest company (ARCB), is expanding its electric vehicle fleet with additional Orange EV terminal trucks. Following an initial deployment of four trucks in June 2022, ABF has grown its fleet to nine vehicles and has ordered five more for 2025 deployments.

The expansion demonstrates ABF's confidence in Orange EV's equipment, which according to ABF Freight president Matthew Godfrey, meets their operational requirements for safe, reliable, and affordable service. The investment aligns with ABF's commitment to responsible environmental management while maintaining their service standards in the less-than-truckload (LTL) carrier sector.

ArcBest (Nasdaq: ARCB) has announced the launch of Vaux Vision™, a new technology solution currently in pilot phase that transforms forklifts into intelligent mobile dimensioners. The technology provides precise, real-time freight measurement capabilities and can handle freight of various shapes and sizes, not to standard pallets.

The company has also expanded its existing Vaux Technology Suite, including enhancements to the Vaux Freight Movement System™ and Vaux Smart Autonomy™. These solutions serve customers across multiple industries, including data centers, automotive, manufacturing, retail, and air cargo sectors.

ArcBest (ARCB) reported Q4 2024 revenue of $1.0 billion, down from $1.1 billion in Q4 2023, with net income decreasing to $29.0 million ($1.24 per diluted share) from $48.8 million ($2.01 per diluted share). Full-year 2024 revenue was $4.2 billion versus $4.4 billion in 2023.

The Asset-Based segment saw Q4 revenue decline 7.6% to $656.2 million, with tonnage per day decreasing 7.3% and operating income falling to $52.3 million. The Asset-Light segment reported Q4 revenue of $375.4 million, down 9.2%, with an operating loss of $1.6 million.

The company returned over $85 million to shareholders through share repurchases and dividends in 2024. Total net capital expenditures were $288 million, including $160 million for revenue equipment and $85 million in real estate.

ArcBest (Nasdaq: ARCB) has announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share. The dividend will be paid on February 25, 2025, to shareholders who are recorded as holders of the company's Common Stock ($0.01 par value) as of February 11, 2025.

ArcBest (ARCB) has announced key leadership and organizational changes effective February 1, 2025, aimed at advancing strategic priorities and driving long-term growth. Eddie Sorg, former chief operating officer of asset-light logistics, has been appointed as chief commercial officer, overseeing marketing, sales, customer support, experience, and yield functions. Christopher Adkins has been named chief strategy officer, leading strategy management, data science, and process improvement teams.

Dennis Anderson will continue as chief innovation officer following his September 2024 appointment, focusing on technology initiatives. Steven Leonard, a 24-year company veteran, plans to retire in June 2025 and will continue leading asset-light logistics operations through the transition period. These changes reflect ArcBest's commitment to meeting evolving customer supply chain needs and ensuring alignment between strategy and organizational structure.

ArcBest (Nasdaq: ARCB) has announced it will release its fourth quarter 2024 financial results before market opening on Friday, January 31, 2025. The company will host a conference call with executives at 9:30 a.m. EST (8:30 a.m. CST) on the same day to discuss the results.

Interested parties can participate by calling (800) 715-9871 using conference ID 7688695. A recorded playback will be available until February 14, 2025, accessible by dialing (800) 770-2030 with the same conference ID. The call will also be webcast live on ArcBest's website at arcb.com.