Welcome to our dedicated page for ArcBest Corporation news (Ticker: ARCB), a resource for investors and traders seeking the latest updates and insights on ArcBest Corporation 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.
ArcBest (Nasdaq: ARCB) reported Q3 2022 revenue of $1.4 billion, up 33% from Q3 2021. Net income rose to $88.8 million, or $3.50 per diluted share. On a non-GAAP basis, net income was $96.4 million, or $3.80 per diluted share. Each operating segment saw double-digit revenue growth. The Asset-Based segment had revenue of $791.5 million, a 16.2% increase, while the Asset-Light segment rose 62.6% to $604.5 million. ArcBest aims to surpass $5 billion in annual revenue for the first time. The strong performance reflects strategic growth despite economic challenges.
The Board of Directors of ArcBest (Nasdaq: ARCB) has announced a quarterly cash dividend of $0.12 per share. This dividend will be distributed to stockholders on record as of November 11, 2022, with a payment date set for November 25, 2022. This decision reflects ArcBest's commitment to returning value to shareholders amidst its operation as a significant player in the logistics sector, with over 15,000 employees across over 250 locations.
ArcBest (NASDAQ: ARCB) announced a hiring event for its less-than-truckload carrier, ABF Freight, on November 1-2 in Chicago. The event seeks candidates for various positions, offering signing bonuses up to $15,000 for full-time drivers and $1,000 for part-time dock workers. Interviews, job offers, and on-site physicals will be available. ABF's Driver Development Program provides training for newcomers without a CDL-A. ArcBest employs over 10,000 staff at 240 locations, emphasizing job satisfaction and competitive benefits.
ArcBest (Nasdaq: ARCB) has partnered with Integrate Autism Employment Advisors to promote a neuroinclusive workforce in the logistics industry. This initiative aims to attract, hire, and retain professionals on the autism spectrum, addressing the high underemployment rates in this community. ArcBest plans to hire five employees through this program in 2023, while also reviewing job descriptions to make them more accessible for neurodivergent candidates. This partnership underscores the company’s commitment to diversity, equity, and inclusion within its hiring practices.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for its ABF Freight division in Salt Lake City on October 25-26, 2022. The event seeks full-time road drivers, city drivers, dock to driver trainees, and part-time dock workers, offering signing bonuses up to $10,000 for full-time positions. The hiring event will be held from 7 a.m. to 7 p.m. at 55 S. Redwood Road, with no appointment required. Candidates will have opportunities for immediate employment, interviews, and on-site physicals. ArcBest employs over 10,000 people across North America, promoting a values-driven culture.
ArcBest (NASDAQ: ARCB) announced a two-day hiring event for ABF Freight on October 12 and 13 in Denver, seeking full-time road and city drivers, dock-to-driver trainees, and dock workers. The company is offering signing bonuses of $10,000 for drivers and $2,500 for dock workers and trainees. This event runs from 7 a.m. to 7 p.m. at 5871 N. Broadway, Denver. Attendees can expect assistance with job applications, interviews, potential offers, and on-site physicals.
ABF, a leading less-than-truckload carrier, employs over 10,000 people and provides competitive benefits.
ArcBest (Nasdaq: ARCB) will announce its third quarter 2022 financial results before the market opens on November 1, 2022. A conference call is scheduled for 9:30 a.m. EDT that day, where executives will discuss the results. The call can be accessed at (800) 916-9049, with a playback available until December 15, 2022. Interested listeners can also join the webcast on ArcBest's website. ArcBest, founded in 1923 and employing over 15,000 individuals, is a major player in integrated logistics.
ArcBest (Nasdaq: ARCB) announces a two-day hiring event for its less-than-truckload carrier, ABF Freight, on September 30 and October 1, 2022, in Carlisle, PA. The company seeks full-time and part-time road drivers, city drivers, and dock workers, offering signing bonuses of up to $10,000 for full-time drivers and $5,000 for dock workers. The event runs from 7 a.m. to 7 p.m. at 2001 Harrisburg Pike, where candidates can apply, interview, and receive potential job offers. ABF's Driver Development Program also allows non-CDL holders to train for driving careers.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for full-time city drivers at ABF Freight in Phoenix on September 21-22, 2022. The company is offering a $7,500 signing bonus for new hires, available on their first day. The event will run from 7 a.m. to 7 p.m. at 5215 West Lower Buckeye Road, Phoenix, AZ, with no appointment necessary. Candidates can expect job application assistance, interviews, potential job offers, and on-site physicals. ABF Freight is known for its strong employee retention and competitive benefits, including 100% company-paid health insurance.
ArcBest (Nasdaq: ARCB) has announced a hiring event on September 15 and 16 in Portland to fill multiple roles, including city and road drivers, and forklift operators. The company offers significant hiring bonuses: $10,000 for drivers, $2,500 for operators, and $5,000 for those joining the Driver Development Program. The event will take place at 3333 NW 35th Avenue, Portland, OR from 7 a.m. to 7 p.m.. Interested candidates can expect job assistance, interviews, and possible same-day job offers.
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