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Stock impact report

ArcBest takes on TL freight to fill empty capacity [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
Fort Smith, Arkansas-based ArcBest ( NASDAQ: ARCB ) announced Monday after the market closed that tonnage in the asset-based unit, which includes results from less-than-truckload subsidiary ABF Freight, was down just 2% year over year in February following a 9.2% decline in January. The February tonnage result was the combination of flat shipments and a 2% decline in weight per shipment. Revenue per day in February was down 2% y/y following a 2.9% decline in January. The less favorable freight mix was partially behind flat yields (revenue per hundredweight) in the month compared to a 7% increase in January. (January's yield metric benefited from a 7.6% decline in weight per shipment). Excluding fuel, yield was up by a mid-single-digit percentage for the first two months of the first quarter. The update said that “the pricing environment remains rational.” Contractual price increases at the unit averaged 4.5% during the fourth quarter. The change in mix was implemented “to bette Show less Read more
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