Vice President of Engineering at ABF, Matt Godfrey, Appointed ABF President
ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, announced today that Seth Runser, president of ABF Freight, will become president of ArcBest effective August 1, 2024. Judy R. McReynolds will remain chief executive officer and chairman of the board.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $131.00 → $114.00 | Buy → Hold | TD Cowen |
| 10/9/2024 | $111.00 | Neutral | Citigroup |
| 10/9/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/5/2024 | $136.00 → $131.00 | Buy | TD Cowen |
| 9/4/2024 | $122.00 → $112.00 | Overweight → Equal Weight | Wells Fargo |
| 8/5/2024 | $148.00 → $136.00 | Buy | TD Cowen |
| 7/9/2024 | $145.00 → $127.00 | Overweight → Neutral | JP Morgan |
| 6/7/2024 | $140.00 | Overweight | Wells Fargo |
Productivity gains from technology, training, and network design Continued focus on cost control initiatives to mitigate headwinds from challenging freight environment Significant investments to enable growth, improve service, and increase efficiencies across the network while returning over $85 million to shareholders in 2024 through both share repurchases and dividends ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported fourth quarter 2024 revenue of $1.0 billion, compared to $1.1 billion in fourth quarter 2023. Net income was $29.0 million, or $1.24 per diluted share, compared to $48.8 million, or $2.01 per diluted share in the prior year. On a non-GAAP b
The Board of Directors of ArcBest® (NASDAQ:ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on February 11, 2025, payable on February 25, 2025. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of
ArcBest® (NASDAQ:ARCB) will announce its fourth quarter 2024 financial results before the market opens on Friday, January 31, 2025. A conference call with company executives will be held that day at 9:30 a.m. EST (8:30 a.m. CST) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 7688695. Following the call, a recorded playback will be available through the end of the day on February 14, 2025. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 7688695. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) i
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TD Cowen downgraded ArcBest from Buy to Hold and set a new price target of $114.00 from $131.00 previously
Citigroup initiated coverage of ArcBest with a rating of Neutral and set a new price target of $111.00
Wolfe Research downgraded ArcBest from Outperform to Peer Perform
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FORT SMITH, Ark., June 8, 2023 /PRNewswire/ -- ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today announced its Chief Yield Officer Danny Loe has decided to leave the company effective June 16 to explore other opportunities. "Danny has been instrumental in building an incredible yield team," said Judy R. McReynolds, ArcBest chairman, president and CEO. "Since joining ArcBest 26 years ago, Danny has played a key role in many of the initiatives that position ArcBest as a leading logistics company. We thank Danny for his contributions and wish him all the best." "I
FORT SMITH, Ark., Feb. 2, 2023 /PRNewswire/ -- ArcBest® (NASDAQ:ARCB), a leading logistics company with creative problem solvers who deliver innovative solutions, today announced that a new member has been added to the ArcBest Board of Directors. The new director is Salvatore A. Abbate, whose term began January 30. The appointment of Abbate to the board fills the vacancy from Steve Gorman's departure in August 2022, returning the total ArcBest board membership to 9. Abbate, 54, is chief executive officer of Veritiv Corporation (NYSE:VRTV), a position he has held since October
New advancements highlight ArcBest's customer-led approach to innovation ArcBest® (NASDAQ:ARCB), an integrated logistics company, today announced the introduction of its latest technology offering, Vaux Vision™, which is currently in the pilot phase. Vaux Vision transforms forklifts into intelligent mobile dimensioners to improve material handling efficiencies. This adds to the company's suite of advanced technology solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210477597/en/ArcBest's Vaux Vision is 3D perception technology designed to streamline material handling by providing precise, real-time freight measureme
Productivity gains from technology, training, and network design Continued focus on cost control initiatives to mitigate headwinds from challenging freight environment Significant investments to enable growth, improve service, and increase efficiencies across the network while returning over $85 million to shareholders in 2024 through both share repurchases and dividends ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported fourth quarter 2024 revenue of $1.0 billion, compared to $1.1 billion in fourth quarter 2023. Net income was $29.0 million, or $1.24 per diluted share, compared to $48.8 million, or $2.01 per diluted share in the prior year. On a non-GAAP b
The Board of Directors of ArcBest® (NASDAQ:ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on February 11, 2025, payable on February 25, 2025. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of
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