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Stockreport

ArcBest offsets freight recession pressures with new LTL customers [Yahoo! Finance]

ArcBest Corporation (ARCB)  More Company Research Source: Yahoo! Finance
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
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 [Read more]
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Stockreport

ArcBest offsets freight recession pressures with new LTL customers [Yahoo! Finance]

ArcBest Corporation  (ARCB) 
More Company Research Source: Yahoo! Finance
Last arcbest corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: arcb.com/investor-relations
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ARCB
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS