LTL, brokerage woes weigh on ArcBest's Q3 [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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arcb.com/investor-relations
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Source: Yahoo! Finance
initiatives in recent quarters but really needs a more cooperative freight market to push numbers higher. ArcBest ( NASDAQ: ARCB ) reported third-quarter adjusted earnings per share of $1.64, 21 cents below the consensus estimate and 67 cents lower year over year. The adjusted EPS result excluded expenses tied to past acquisitions and ongoing technology pilots. It also excluded a $69.1 million after-tax reduction in the fair value of MoLo's earnout provision. The MoLo truck brokerage business, which ArcBest acquired three years ago , didn't meet financial targets last year and isn't expected to meet them this year. The asset-based segment, which includes ArcBest's less-than-truckload subsidiary, ABF Freight, reported a 4.2% y/y revenue decline (5.8% lower on a per-day basis), as an 11.3% decline in tonnage per day was partially offset by a 7.4% increase in revenue per hundredweight, or yield. (Yield was up by a high-single-digit percentage excluding fuel surcharges.) A 10.7% y
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News
- Last Mile Delivery Market in North America to Grow by USD 18.78 Billion (2024-2028), Driven by US B2C E-Commerce and AI-Powered Market Evolution - Technavio [Yahoo! Finance]Yahoo! Finance
- Less-than-Truckload (LTL) Market to grow by USD 120.31 Billion (2024-2028), fueled by e-commerce growth in retail, with AI shaping market trends - Technavio [Yahoo! Finance]Yahoo! Finance
- ArcBest Faces Revenue Decline Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
- LTL stocks sag on Q4 updates [Yahoo! Finance]Yahoo! Finance
- LTL carriers waiting for next demand catalyst in post-Yellow world [Yahoo! Finance]Yahoo! Finance
ARCB
Earnings
- 11/1/24 - Miss
ARCB
Sec Filings
- 12/3/24 - Form 8-K
- 11/25/24 - Form 4
- 11/22/24 - Form 144
- ARCB's page on the SEC website