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0 0 0.000282103362672147 -0.00214398555630781 -0.000677048070413025 0.00970435567591965 0.0144436921688107 0.0155721056194989
Stock impact report

ArcBest, LTLs still waiting on recovery [Yahoo! Finance]

ArcBest Corporation (ARCB) 
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
Company Research Source: Yahoo! Finance
The company is hoping the implementation of better technology tools, along with structural cost takeouts, will amplify returns when demand improves. ArcBest ( NASDAQ: ARCB ) reported a headline fourth-quarter net loss of $8.1 million, or 36 cents per share, on Friday ahead of the market open. The number included a noncash impairment charge in its asset-light business and other one-off items. Adjusted EPS of 36 cents in the period was 97 cents worse year over year and 6 cents below the consensus estimate. Consolidated revenue of $973 million was $6 million ahead of expectations. The asset-based unit, which includes LTL subsidiary ABF Freight, saw revenue dip 1% y/y to $649 million (revenue per day was down 0.3%). Tonnage per day was up 3% but revenue per hundredweight (yield) was down 3%. The tonnage increase was the combination of a 2.4% increase in daily shipments (to 20,163) and a 0.3% increase in weight per shipment. The higher shipment weights along with a 0.4% decline in Show less Read more
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