Yellow to depose Teamsters head in effort to quash alleged WARN Act violations [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
Counsel for Yellow successfully argued that O'Brien has firsthand knowledge and that his testimony could be vital in deciding if the company should be on the hook for up to $244 million in WARN Act claims Various classes of employees have alleged the defunct less-than-truckload carrier didn't provide them with a 60-day notification ahead of mass layoffs last summer as required by the Worker Adjustment and Retraining Notification Act. However, Yellow has asserted in the past that the notice was “neither feasible nor required,” saying “unforeseeable business circumstances” led to its abrupt demise and preempted the need for notifications. Yellow has claimed a “faltering company” exemption from the WARN notices, saying that such notification would have scared off customers and potential lenders. It said it was working with a private equity fund to arrange additional financing in the weeks leading up to its July 30, 2023, closure . It also blames the Teamsters for denying a second pha
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ARCB
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
- Is the prospect of tightening capacity this fall overblown? [Yahoo! Finance]Yahoo! Finance
- 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
- 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