LTL general rate increases buck pricing concerns for industry [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
The GRI announcement follows similar price actions from other carriers in recent weeks, tamping down concerns that the industry is losing its ability to pass through cost inflation two years into an industrial recession. Carriers typically implement GRIs to general tariff codes annually. The stated percentage increase is an expected average of changes to base rates across various lanes and weight classes. The GRIs are taken to offset general cost increases across carrier networks and to fund capex projects. “The general rate increase is based on the Company's economic forecast and expectations for the operating environment,” said Old Dominion's head of pricing services, Todd Polen, in a news release. “We must continue enhancing our high-quality service network and systems to meet and exceed our customers' expectations and deliver on our promises.” The timing and percentage of Old Dominion's ( NASDAQ: ODFL ) 2024 GRI is in line with its 2023 rate increase. ABF Freight, a subsid
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ARCB
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