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0.000913242009132498 0.000913242009132498 0.00410958904109592 0.000182648401826577 0.000456621004566314 0.000456621004566314 0.000456621004566314 0.000456621004566314
Stock impact report

ArcBest offsets freight recession pressures with new LTL customers [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
ArcBest's ABF Freight increased its daily shipments by 2.4% year over year, driven by an influx of new LTL customers, according to its Q4 earnings report The gains — which first began in Q2 — mark a reversal from earlier declines tied to weakness in manufacturing, industrial and housing-related freight. “It's hard to predict when that will stabilize,” said Eddie Sorg, chief commercial officer, during ArcBest's Jan. 30 earnings call . “But we're very committed to get the most out of every opportunity and every piece of business that we have to produce the profit that we want that supports our long-term targets.” More than three years into the freight recession, ArcBest's results are increasingly defined by changes in its freight mix. While taking on new customers helps to lift volumes, the heavier weights of their shipments affects the overall performance of ABF Freight. For example, ArcBest reported asset-based pricing gains of 5% during Q4, but billed revenue per hundredwe Show less Read more
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