Reported 25 days ago
ArcBest's third-quarter performance was impacted by weak demand and pressure on costs, leading to an adjusted earnings per share of $1.64, falling short of estimates. The company's LTL segment faced a revenue decline and challenges related to its MoLo acquisition, while contractual rate increases were reported at 4.6%. Despite efforts to improve earnings through internal initiatives, a more cooperative freight market is essential for recovery.
Source: YAHOO