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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 a record-breaking first quarter for 2022, with revenue soaring to $1.3 billion, up 61% year-over-year. Net income reached $69.6 million, or $2.68 per diluted share, marking significant growth from $23.4 million in Q1 2021. The company attributed this growth to strong performance across all segments and the successful integration of MoLo Solutions. With robust cash flow, ArcBest plans to increase shareholder returns through share repurchase and dividend boosts. Continued investment in technology and talent is expected to sustain future growth.
ArcBest has announced an increase in its share repurchase program to $75 million and a 50% increase in its quarterly dividend to $0.12 per share. These actions reflect the company's successful growth strategy and commitment to enhancing shareholder value. The dividend will be payable on May 25, 2022, to shareholders on record by May 11, 2022.
ArcBest (Nasdaq: ARCB) announced a hiring event for its ABF Freight division, taking place in Salt Lake City on May 5-6, 2022. The company is looking for full-time city drivers, forklift operators, and dock-to-driver trainees, offering substantial signing bonuses: $10,000 for city drivers, $5,000 for full-time forklift operators, and $250 for part-time forklift operators. The event runs from 7 a.m. to 7 p.m. each day, with no appointment needed. ABF Freight is a leading LTL carrier with over 10,000 employees and strong benefits, including health insurance and pension plans.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event for ABF Freight in Denver on May 2-3, targeting full-time city and road drivers and dock-to-driver trainees. The company offers significant hiring bonuses: $10,000 for city and road drivers, and $2,500 for forklift operators and dock-to-driver trainees. The event, held at 5871 North Broadway from 7 a.m. to 7 p.m., allows candidates to complete applications, interview with recruiters, and potentially receive job offers. With over 10,000 employees, ABF provides competitive wages, benefits, and a strong union presence.
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, is hosting a hiring event for full-time city drivers on April 27-28, 2022, in Louisville, Kentucky. The company is offering a $10,000 signing bonus available on the first day of employment. The event will run from 7 a.m. to 7 p.m. at 2203 Walrich Dr., Louisville, KY. Candidates will receive assistance with applications, interviews, and potential job offers. ArcBest employs over 10,000 people and offers comprehensive benefits including health insurance and a pension plan.
ArcBest (Nasdaq: ARCB) has announced a two-day hiring event for ABF Freight in Kansas City, Missouri, on April 13-14, 2022. The event aims to attract full-time city drivers, shop technicians, and part-time forklift operators, offering signing bonuses of $7,500, $5,000, and $250, respectively. Candidates can apply and interview on-site from 7 a.m. to 7 p.m. No appointment is necessary. ABF Freight is one of the largest less-than-truckload carriers in North America, employing over 10,000 individuals, and is committed to providing excellent benefits and work culture.
ArcBest (Nasdaq: ARCB) will release its first quarter 2022 financial results on April 29, 2022, before market opening. A conference call with executives will occur at 9:30 a.m. EDT to discuss these results. Interested participants can join by calling (800) 891-9945. The conference will also be available via a live webcast on ArcBest's website. A recorded playback of the call will be accessible until June 15, 2022, through provided phone numbers. ArcBest, founded in 1923, is a leading logistics company with over 14,000 employees.
ArcBest (Nasdaq: ARCB) is hosting a two-day hiring event at ABF Freight's service center in Dayton, Ohio on April 5-6, 2022, looking for full-time road drivers, driver trainees, and forklift operators. Hiring bonuses include $10,000 for road drivers, $5,000 for driver trainees, and $250 for part-time forklift operators, payable on the first day of employment. The event runs from 7 a.m. to 7 p.m. Candidates can expect job application assistance, interviews, and potential job offers.
ArcBest (Nasdaq: ARCB) announced a two-day hiring event on March 24-25, 2022, in Dallas, Texas, aimed at recruiting full-time city drivers, part-time forklift operators, and full-time shop technicians. The company is offering signing bonuses: $7,500 for city drivers, $250 for forklift operators, and $5,000 for shop technicians. The event will take place from 7 a.m. to 7 p.m. at 4242 Irving Blvd. Candidates can complete job applications, interview with recruiters, and could receive job offers on the spot. For more information, visit joinabf.com/hiring-event.
ArcBest (Nasdaq: ARCB) has been ranked No. 14 in Training magazine's APEX Awards, recognizing its strong employee training and development programs. This ranking reflects an improvement from last year's No. 16 position and underscores the company's commitment to investing in employee growth. In 2021, ArcBest employees completed 97,092 training sessions across various topics including leadership and Diversity, Equity, and Inclusion. ArcBest continues to prioritize education, enhancing both employee experience and overall business performance.
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