ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to Âdo-it-yourself' consumer, as well as provides final mile, time critical, product launch, warehousing, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside repair solutions and vehicle maintenance management services for commercial and private fleets through a network of third-party service providers. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.
IPO Year:
Exchange: NASDAQ
Website: arcb.com
| 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 |
| 5/1/2024 | $177.00 → $148.00 | Buy | TD Cowen |
| 3/11/2024 | $168.00 | Overweight | JP Morgan |
Continued focus on cost control initiatives to mitigate headwinds from challenging freight environment Productivity gains from technology, training, and network design Service improvements, including Mastio recognizing ABF for exceeding the industry benchmark on service ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share
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 November 13, 2024, payable on November 27, 2024. 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 15,000 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 in
Innovative payment plans help customers manage long-distance moving costs ArcBest® (NASDAQ:ARCB), an integrated logistics company, today announced that its household goods moving service U-Pack® has partnered with Affirm to offer financing options for long-distance moves. This collaboration allows customers who apply and qualify to book a move now and pay on a payment plan later. U-Pack joins Affirm's network of 292,000 retail partners. "U-Pack has been helping people move for over 27 years and has earned a reputation for delivering an excellent customer experience," said Andrew Schweizer, vice president of yield at ArcBest. "We're excited to partner with Affirm to enhance that experience
ArcBest® (NASDAQ:ARCB) will announce its third quarter 2024 financial results before the market opens on Friday, November 1, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 2815802. Following the call, a recorded playback will be available through the end of the day on November 15, 2024. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 2815802. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a m
ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, announced today that Michael Newcity, chief innovation officer and president of ArcBest Technologies, will retire in December 2024 after a career of over 30 years with the company. Dennis Anderson, currently chief strategy officer, will succeed Newcity while continuing to lead ArcBest's strategy, marketing and customer experience functions. Newcity has served as chief innovation officer at ArcBest since 2015. A champion of innovation, he has been instrumental in advancing enterprise initiatives in business intelligence, strategy management and digital transformation. Newcity joined the company in 1993 as a programmer and rose t
DALLAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- TriumphPay announced today the addition of ArcBest® (NASDAQ:ARCB), a multibillion-dollar integrated logistics company offering one of the largest freight brokerages in North America, to TriumphPay as a full audit and payments network participant. ArcBest, a leader in the transportation and logistics industry, joins the network as part of its strategy to better serve carriers, improve operational efficiency and enhance payment security. This customer alliance builds on the momentum of TriumphPay's expansion and growth as a technological and innovative services hub for the freight industry. "Our carrier network is essential in delivering top-tier s
Strong gains in productivity and service metrics Delivered second quarter 2024 net income of $46.9 million, or $1.96 per diluted share, and non-GAAP net income of $47.4 million, or $1.98 per diluted share. Significant efficiency improvements at ABF Freight while delivering the best on-time service in five years. Improved Asset-Based operating income, despite higher labor contract costs and lower revenue. ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported second quarter 2024 revenue from continuing operations of $1.08 billion, compared to $1.10 billion in the second quarter of 2023. Second quarter 2024 operating income from continuing operations was $48.8
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 August 13, 2024, payable on August 27, 2024. 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 15,000 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 inno
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240718545014/en/Left to right: Matt Godfrey, Judy McReynolds, Seth Runser (Photo: Business Wire) Runser has been president of ABF Freight since 2021. In this role, he has navigated unprecedented change — guiding ABF through a global pandemic, success
ArcBest® (NASDAQ:ARCB) will announce its second quarter 2024 financial results before the market opens on Friday, August 2, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 4743250. Following the call, a recorded playback will be available through the end of the day on August 15, 2024. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 4743250. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a
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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
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
TD Cowen reiterated coverage of ArcBest with a rating of Buy and set a new price target of $131.00 from $136.00 previously
Wells Fargo downgraded ArcBest from Overweight to Equal Weight and set a new price target of $112.00 from $122.00 previously
TD Cowen reiterated coverage of ArcBest with a rating of Buy and set a new price target of $136.00 from $148.00 previously
JP Morgan downgraded ArcBest from Overweight to Neutral and set a new price target of $127.00 from $145.00 previously
Wells Fargo initiated coverage of ArcBest with a rating of Overweight and set a new price target of $140.00
TD Cowen reiterated coverage of ArcBest with a rating of Buy and set a new price target of $148.00 from $177.00 previously
JP Morgan initiated coverage of ArcBest with a rating of Overweight and set a new price target of $168.00
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Continued focus on cost control initiatives to mitigate headwinds from challenging freight environment Productivity gains from technology, training, and network design Service improvements, including Mastio recognizing ABF for exceeding the industry benchmark on service ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share
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 November 13, 2024, payable on November 27, 2024. 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 15,000 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 in
ArcBest® (NASDAQ:ARCB) will announce its third quarter 2024 financial results before the market opens on Friday, November 1, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 2815802. Following the call, a recorded playback will be available through the end of the day on November 15, 2024. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 2815802. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a m
Strong gains in productivity and service metrics Delivered second quarter 2024 net income of $46.9 million, or $1.96 per diluted share, and non-GAAP net income of $47.4 million, or $1.98 per diluted share. Significant efficiency improvements at ABF Freight while delivering the best on-time service in five years. Improved Asset-Based operating income, despite higher labor contract costs and lower revenue. ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported second quarter 2024 revenue from continuing operations of $1.08 billion, compared to $1.10 billion in the second quarter of 2023. Second quarter 2024 operating income from continuing operations was $48.8
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 August 13, 2024, payable on August 27, 2024. 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 15,000 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 inno
ArcBest® (NASDAQ:ARCB) will announce its second quarter 2024 financial results before the market opens on Friday, August 2, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 4743250. Following the call, a recorded playback will be available through the end of the day on August 15, 2024. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 4743250. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a
Continued focus on service excellence, disciplined pricing, growth, and efficiency ArcBest® (NASDAQ:ARCB), a leader in supply chain logistics, today reported first quarter 2024 revenue from continuing operations of $1.0 billion, compared to $1.1 billion in the first quarter of 2023. First quarter 2024 operating income from continuing operations was $22.4 million, compared to $21.2 million in the prior year period, and net loss from continuing operations was $2.9 million, or $0.12 per diluted share, compared to net income of $18.8 million, or $0.75 per diluted share, in 2023. Included in the first quarter net loss from continuing operations is a $21.6 million after-tax, noncash impairment
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 May 10, 2024, payable on May 24, 2024. 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 15,000 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 innovation
ArcBest® (NASDAQ:ARCB) will announce its first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 6865438. Following the call, a recorded playback will be available through the end of the day on May 15, 2024. To listen to the playback, dial (800) 770-2030. The conference ID for the playback is 6865438. The call is being webcast and can be accessed live on ArcBest's website at arcb.com. ABOUT ARCBEST ArcBest® (NASDAQ:ARCB) is a mul
Strong execution helping customers navigate market disruption combined with continued cost discipline Strategic capital allocation with returns to shareholders and investments in growth Delivered fourth quarter 2023 net income of $48.8 million, or $2.01 per diluted share, with non-GAAP fourth quarter 2023 net income of $60.0 million, or $2.47 per diluted share. Achieved full year 2023 net income from continuing operations of $142.2 million, or $5.77 per diluted share. On a non-GAAP basis, full year 2023 net income was $194.1 million, or $7.88 per diluted share. Returned $103 million to shareholders in 2023 through share repurchases and quarterly cash dividends. ArcBest's board
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B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:ARCB) with a Underperform and raises the price target from $110 to $112.
Vice President of Engineering at ABF, Matt Godfrey, Appointed ABF PresidentArcBest® (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.
JP Morgan analyst Brian Ossenbeck downgrades ArcBest (NASDAQ:ARCB) from Overweight to Neutral and lowers the price target from $145 to $127.
Morgan Stanley analyst Ravi Shanker maintains ArcBest (NASDAQ:ARCB) with a Overweight and lowers the price target from $180 to $176.
Wells Fargo analyst Christian Wetherbee initiates coverage on ArcBest (NASDAQ:ARCB) with a Overweight rating and announces Price Target of $140.
Stifel analyst J. Bruce Chan maintains ArcBest (NASDAQ:ARCB) with a Buy and lowers the price target from $159 to $150.
TD Cowen analyst Jason Seidl maintains ArcBest (NASDAQ:ARCB) with a Buy and lowers the price target from $177 to $148.
B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:ARCB) with a Underperform and lowers the price target from $143 to $110.