ArcBest again swaps freight for better yields in February [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
The actions led to another decline in tonnage, which was mostly offset by higher yields that are supportive of margins, a Friday filing with the Securities and Exchange Commission showed. The company's asset-based unit, which includes less-than-truckload operations, reported a 3% year-over-year (y/y) decline in revenue per day during February, an improvement from a 7.3% decline in January. Tonnage was 14% in the month (down 18% in January), with revenue per hundredweight, or yield, increasing by 13% in both months. The yield increases were nearly double the increase the carrier booked in the fourth quarter. By comparison, ArcBest's ( NASDAQ: ARCB ) asset-based revenue was down just 0.2% y/y in the fourth quarter. However, the company has tougher first-quarter tonnage comparisons than other carriers after it onboarded spot business last year to keep its network full and maintain head count to avoid an arduous rehire process when the market turned. The LTL industry got a shot in the
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ARCB
News
- ArcBest Declares a $0.12/Share Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- ArcBest Declares a $0.12/Share Quarterly DividendBusiness Wire
- Is a Surprise Coming for ArcBest (ARCB) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
- Old Dominion's Q1 earnings meet estimate, but LTL stocks fall anyway [Yahoo! Finance]Yahoo! Finance
- We Think ArcBest Corporation's (NASDAQ:ARCB) CEO Compensation Looks Fair [Yahoo! Finance]Yahoo! Finance
ARCB
Earnings
- 2/6/24 - Beat
ARCB
Sec Filings
- 4/2/24 - Form DEFA14A
- 3/15/24 - Form ARS
- 3/15/24 - Form DEFA14A
- ARCB's page on the SEC website