Is the prospect of tightening capacity this fall overblown? [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
For the past two years, the freight industry has been looking forward to capacity coming out of the market, which would improve the supply-demand balance from carriers' perspective. However, as Todd Maiden reports on FreightWaves, the latest Logistics Managers' Index (LMI) shows that capacity may actually be increasing. The survey returned a reading of 56.7 for transportation capacity in August, 5.8 percentage points higher than July and the highest reading since May. The August reading also marks a shift in the market from a contraction in capacity to expansion and surmises that it may reflect smaller carriers coming back to the market as rates improve and given the expectation for higher demand in the busy fall season. After adjusting for fuel, spot rates have been trending sideways since midsummer. (Chart: SONAR) Softening industrial economy hits LTL volumes XPO shares sank on Thursday following its tonnage report. (Chart: Barchart.com) Old Dominion, XPO and ArcBest report
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News
- ArcBest's (NASDAQ:ARCB) five-year earnings growth trails the 28% YoY shareholder returns [Yahoo! Finance]Yahoo! Finance
- ArcBest Co. (NASDAQ: ARCB) had its price target lowered by analysts at JPMorgan Chase & Co. from $134.00 to $133.00. They now have a "neutral" rating on the stock.MarketBeat
- ArcBest Co. (NASDAQ: ARCB) had its price target lowered by analysts at TD Cowen from $136.00 to $131.00. They now have a "buy" rating on the stock.MarketBeat
- Yellow to depose Teamsters head in effort to quash alleged WARN Act violations [Yahoo! Finance]Yahoo! Finance
- ArcBest Co. (NASDAQ: ARCB) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $130.00 price target on the stock.MarketBeat
ARCB
Earnings
- 8/2/24 - Miss
ARCB
Sec Filings
- 9/3/24 - Form 8-K
- 8/23/24 - Form 4
- 8/15/24 - Form 4
- ARCB's page on the SEC website